RASK advises the acquisition of Nurmenuku shopping centre.


RASK advised Adfectio Capital, a company operated by Zenith Capital Management, in acquisition of Nurmenuku Shopping Center from East Capital Baltic Property Fund.

RASK conducted the legal due diligence and drafted the necessary transaction documents, as a result of which Adfectio Capital successfully became the owner of Nurmenuku Shopping Center in Tallinn. The value of the transaction was EUR 6,525,000.

Nurmenuku Shopping Center is a shopping center located in Tallinn on Õismäe road in Haabersti district. On approximately 3700 m2 of rentable area, there are more than 25 different shops and service providers, including Rimi, Hesburger, Olympic Casino, Benu Pharmacy, Swedbank, R-Kiosk etc.

Zenith Capital Management OÜ is an independent asset management and financial advisory company, which is exclusively devoted to handling the investments, legacy and personal needs of wealthy individuals, their families and corporations owned by them.

East Capital Baltic Property Fund AB, founded in 1997, is one of the leading asset managers in emerging and frontier markets.