RASK consults on acquisition of De La Gardie shopping centre in Tallinn.

Case

RASK advised Lepidus Invest in purchasing the De La Gardie shopping centre from EPI Baltic I. RASK conducted a legal due diligence investigation of the target and advised the client on concluding the contract of sale for the property.

The De La Gardie Building is a 4-storey building located on Viru Street in the Old Town of Tallinn with a leasable area of 2,139 square metres, and the largest tenant being Lindex, a leading fashion chain in Northern Europe.

Lepidus Invest OÜ was established in 2013 by Zenith Capital Management OÜ having several owners.

EPI Baltic I Oy is a property fund managed by Northern Horizon Capital, a company active in the Baltic and Nordic region, as fund manager, and Amplion Asset Management, an investment and advisory firm, as co-manager.