The Baltics Today

East Capital acquired Rimi Eesti Food logistics centre and headquarters building

East Capital Baltic Property Fund II managed by East Capital acquired Rimi Eesti Food’s logistics centre and headquarters near Tallinn, at Põrguvälja tee 3, Jüri. The property was previously owned by Kinnisvaravalduse AS, a subsidiary of RIMI / ICA group, AS Rimi Eesti Food will remain a long term lessee of the property. The purchase price was 13.4 million euros, at the asset's capitalisation rate of 8%, reported BC head of marketing and communications Andrija Lilleoja.... Read more...

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