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31 May 2012
Frankfurt am Main, Germany
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20 June 2012
London
Estonia#s struggling Kobe mandates DTZ to find e109m JV partner, buyer for portfolio
The Baltics-based private equity real estate investment group Kobe Holding, struggling with payments difficulties in the crisis-hit region, has mandated advisor DTZ in Sweden to identifiy a joint venture partner or purchaser for its Estonian property portfolio. The portfolio consists of five income-generating properties and development opportunities, four of which are located in Tallinn and one in Rakvere, 98km east of of the Estonian capital. The GLA of existing buildings in the portfolio is 55,000 sq.m., while development - retail, office and logistics - amount to a potential 140,000 sq.m.