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2014-10-21

East Capital: East Capital acquires Metro Plaza office centre in Tallinn

East Capital Baltic Property Fund II (“the Fund”), managed by East Capital,
has yesterday acquired the Metro Plaza office building in Tallinn, Estonia.
The property, located in the central business district (CBD) of Tallinn,
was previously owned by Lords LB Baltic Fund I. The purchase price was €21,8
million, implying a yield
rate of 7%.

East Capital Baltic Property Fund II was founded in 2012 and invests in
commercial real estate in the Baltics. Today the Fund has investments in and
around all three Baltic capitals, namely Tallinn, Riga and Vilnius. The
Fund’s focus is on properties in prime locations with well-established
tenants and sustainable rental terms.

Commenting on the acquisition, Kestutis Sasnauskas, Head of East Capital
Private Equity and Real Estate, said:

“Our acquisition of Metro Plaza is another investment that illustrates the
attractiveness of the Baltic real estate sector. The combination of a high
yield level and favourable financing terms creates attractive investment
opportunities in this market.”

Madis Raidma, Real Estate CEO at East Capital added:

“Through this transaction, East Capital Baltic Property Fund II acquired a
well-known A-class office building in CBD Tallinn. With this purchase, East
Capital’s total real estate assets under management increase to €284 million,
250,000 square metres and 500 lessees in all three Baltic countries. This
reconfirms East Capital’s position as one of the leading participants in the
Baltic real estate market.”

Contact information

Vesna Lucca, Head of Communications, East Capital

+46 70 601 92 20vesna.lucca@eastcapital.com

Martin Otsa, Investment Manager, East Capital Real Estate

martin.otsa@eastcapital.com

Christian Pickel / Nick Denton, MHP Communications

+44 203 128 8208eastcapital@mhpc.com

About East Capital

East Capital is a specialist in emerging and frontier markets. The company,
founded in 1997, bases its investment strategy on thorough knowledge of the
markets, fundamental analysis and frequent company visits by its investment
teams. East Capital actively manages EUR 2.9 billion in public equity,
private equity and real estate. It is headquartered in Stockholm, with
offices in Hong Kong, Kyiv, Luxembourg, Moscow, Oslo, Paris and Tallinn.

About Metro Plaza

TheMetro Plazacentre is in Tallinn's old town based in a modern building that
reflects the vibrant business growth of Estonia's capital. The centre is
close to the harbour and is in walking distance of nearby Toompea hill, home
to Estonia's Parliament building and several foreign embassies.

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