• November 2012

    1 news

    19. November

    Colonna Capital completes the purchase transactions of two buildings in the Old Town

    Rataskaevu 2 is a five-storey business and residential building with the total area of 1,220 m2. The building was fully renovated in 1995 and is still in a good condition. Among other tenants, the Belgium Embassy resides in the building.
    Lai Street 6 is a three-storey business and residential building with the total area of 450 m2. The first floor accommodates a high-quality wine shop and a cozy Mediterranean restaurant. The second and the third floor have rental apartments. 
    Marek Õunamägi, the board member of Colonna Kinnisvara said that the investors still see the Estonian business real estate as well as the real estate market in general attractive and with a great perspective. “The timing of the purchase transactions is highly favorable. The investors view the investment plans with a long-term perspective and believe that the volume of their investments in Estonia will grow substantially in the coming years,“ he added.
    Colonna Kinnisvara mostly intermediates professional investors’ capital investments in real estate projects in Estonia.  Colonna’s skilled team is entrusted to daily manage and administrate the assets in the Colonna’s portfolio.
    Currently Colonna Kinnisvara manages the portfolio of more than twenty different real estate projects. Since 2010, the company has become more active with purchase transactions. The main activities of Colonna Kinnisvara include the development of business and residential real estate projects with rental income. In short term, Colonna’s main objective is to grow its activities both in increasing the business real estate portfolio as well as its own development projects. Colonna Kinnisvara’s team has been operating in the Estonian real estate market since 1998.
    Additional information:
    Marek Õunamägi
    Colonna Kinnisvara, Board Member
    Phone: +372 5013356