Real Estate & Construction

Ellex Raidla has developed a deep understanding of the commercial requirements of owners and contractors during its two decades of experience in handling various aspects of the real estate and construction sectors. Working collaboratively and across borders, we help ensure planning and execution of precise solutions in even the most complex projects. Our clients are leading local and international property owners and developers, construction companies, investors, as well as public sector institutions.
Key projects in the field

Key contacts

Jaanus Ikla

Counsel

+ 372 640 7170
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Martin Triipan

Partner

Head of Environment, Planning and Administrative Law practice group
+ 372 640 7170
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Ermo Kosk

Partner

+372 640 7170
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Key projects in the field

We advised the sale of Microsoft office building
LHV Pension Funds in cooperation with Lumi Capital acquired the office building formerly known as the Skype Building in Tallinn. It’s main tenant is the Estonian branch of Microsoft’s Development Center, which focuses on developing cloud-based communication platforms and other Microsoft services.
 
The building, which was originally built by Nordecon in 2006, has been improved over time to meet customer needs. LHV Pension Funds, in cooperation with Lumi Capital, bought the building from its developer Arealis.
 
AS Arealis, formerly AS Eurox, is a subsidiary of AS Nordic Contractors that has specialised in the development of real estate. AS Arealis began operating in 2005. The company consolidates investments and development projects, for the most part, into commercial buildings and also partially into apartment buildings. Target markets are currently Estonia and Lithuania.
 
The pension funds of AS LHV Varahaldus have approximately 176 000 clients. LHV offers both actively and passively managed 2nd and 3rd pillar pension funds. The total value of the pension funds of LHV is 1.3 billion euros.
 
Lumi Capital OÜ is a real estate investment management company whose clients are private investors, pension funds from Estonia and foreign property investors.
 
Ellex Raidla’s partner Martin Käerdi and associate Karin Tartu advised the seller on the transaction.
 
Read more here.
Ellex Raidla advised the sale of ISS Eesti AS
Ellex Raidla advised ISS Eesti AS, a subsidiary of a well-known international real estate maintenance group ISS, on the sale to private investors, all connected with the real estate company Colonna. The new owners support the current management and their goal to further increase the company's trust and quality in the domestic market.
 
The new owners of ISS Eesti AS will be Triinu Reinold, active in several companies as Senior Manager, Ülo Kallas, CFO and Businessman, Roberto de Silvestri, International Real Estate Investor and Elio Cravero, his business partner.
 
The new name of the company will become clear over the following months, so far, the activities will continue under the name of ISS Eesti.
 
The transaction was advised by Ellex Raidla’s Partner Sven Papp, Senior Associates Gerda Liik, Martin Mäesalu ja Dmitri Rozenblat and Lawyer Kevin Gerretz.
 
Read more HERE.
Advising Kildare Partners UK, LLP in acquisition of Technopolis Plc
Advising Kildare Partners UK, LLP, a real estate investment firm that has acquired circa EUR 4.4 billion of real estate assets across Europe, on the Estonian law matters related to the acquisition of Technopolis Plc, a real estate developer that has, among other countries, developed the most modern business district in Tallinn – Ülemiste City.
 
The team included Partner Risto Vahimets and Senior Associate Karl-Erich Trisberg.
 
Read more HERE.