RASK advises Elle Capital in the acquisition of a 49% stake in an SPV operating the Foorum Centre at the heart of Tallinn.


RASK advised Elle Capital on acquiring a share in a real estate company Foorum Keskus OÜ, which owns and manages the Foorum Centre, a modern commercial and shopping center located at the heart of Tallinn. With the investment, Elle Capital acquired 49% of the shares of the SPV from U.S. Invest.

RASK legal experts Marina Lapidus and Ramon Rask represented Elle Capital throughout the investment process, including due diligence, purchase documentation, shareholder level regulation and financing matters.

Elle Capital OÜ is a private equity company, investing mainly in well known A-class office buildings and real estate development projects.

U.S. Invest AS is a private investment company making strategic investments into fast growing companies. The company started building up its investment portfolio in 1991. Today, U.S. Invest is majority or sole shareholder in more than 40 companies in the following areas: real estate (www.usre.ee), property management services, security, taxi, private education and sports. U.S. Invest Group is fully owned by Mr. Urmas Sõõrumaa.

Foorum Centre is a commercial building in central Tallinn next to Rotermann and Viru Centre, with a lettable area of 9,600 square meters. The building hosts 50 tenants and has 135 parking spaces. Shopping street is on the 1st floor where stores are filled with many international brands like Lush, Marimekko, Second Female, Replay, etc. Offices with city views are located on 2nd – 6th floor. Foorum is designed by the award-winning HGA Architects.