Last week, the owners of Capital Mill \u2013 Igor M\u00f6lder, Marko Kull, Tanel Samuel, and Aleksandra Samuel bought the biggest shopping centre in Raplamaa, Rappel, from Fausto Capital, and the Maxima supermarket properties in Ahtme. The value of the transaction is around 14 million euros.<\/p>\n
\u2018Adding the modern retail spaces located in Rapla and Ahtme to the Capital Mill portfolio supports the company\u2019s expansion strategy in every way. We are always on the lookout for investment opportunities in all Baltic states and the investing portfolio we manage has been in stable growth throughout the company\u2019s existence,\u2019 said the CEO of Capital Mill, Kaarel Loigu.<\/p>\n
According to Kaarel Loigu, the current economic situation has grown complicated, unpredictable, and made foreign investors anxious. This is also the reason for the halt or temporary putting on hold of large real estate transactions. \u2018We see great opportunities here since the situation favours local investors\u2019 activity in making transactions,\u2019 Loigu stated.<\/p>\n
Sven Mihailov, one of the shareholders of Fausto Capital, says that the decision to sell was made due to the wish to direct focus mainly on the development of commercial real estate, especially the development of the new phases of the Fahle business quarter created in the area of the historic paper mill.<\/p>\n
Fausto Capital was advised on the transaction by the law firm RASK. The transaction was coordinated by SUPPA Advisers, a partner of the Savills Group in the Baltics. The purchase of the retail spaces in Rapla and Ahtme was financed by LHV and Bigbank.<\/p>\n
\u2018Investors in Capital Mill\u2019s business volumes and activity expect financial partners to react quickly and on flexible terms, this fits well with Bigbank\u2019s vision and ambitions,\u201d said Aimar Roosalu, the Head of Estonian Corporate Banking Unit at Bigbank. According to him, the Estonian economy has reached a phase, in which investment decisions are difficult to make. \u2018Then again, it is relatively convenient for the bank to finance the purchase of well-located retail space, since such objects can withstand different economic cycles,\u201d Roosalu added.<\/p>\n
The size of the Rappel centre property, completed in 2012, is almost 16\u00a0000 square metres, and the closed net area reaches 5293 metres. The size of the Ahtme Maxima property, completed in 2015, is 7465 square metres and the closed net area is 3600 square metres.<\/p>\n
Capital Mill was founded in 2008. The company is focused on investments in commercial real estate in the Baltics, and today, the portfolio volume reaches 485 million euros. The founders and partners of the company is a team of lengthy experience in real estate and banking. Capital Mill manages several highly regarded commercial buildings in Estonia, Latvia, and Lithuania.<\/p>\n
<\/p>\n
Additional information:<\/p>\n
Kaarel Loigu<\/p>\n
CEO of Capital Mill<\/p>\n
kaarel.loigu@capmill.eu<\/p>\n
+372 503 2845<\/p>\n","protected":false},"excerpt":{"rendered":"
Last week, the owners of Capital Mill \u2013 Igor M\u00f6lder, Marko Kull, Tanel Samuel, and Aleksandra Samuel bought the biggest shopping centre in Raplamaa, Rappel, from Fausto Capital, and the Maxima supermarket properties in Ahtme. The value of the transaction is around 14 million euros. \u2018Adding the modern retail spaces located in Rapla and Ahtme […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-11683","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"\n