Uus-Peetri residential cluster project in third phase
Triple Net Capital’s development project for Uus-Peetri residential cluster is keeping a profitable pace. Second building phase will be finalized in July 2018. Third phase of building process has started and will be finalized by October 2018.
Whole residential cluster houses 120 new apartments with total living space of 10 000 square metres. By the beginning of February 2018, 75% of the properties were sold. By the prognosis, sales of the rest of the apartments will be finalized by the end of 3rd quarter 2018. Uus-Peetri is located in favourable and in-demand neighbourhood of Estonian capital Tallinn.
More info about the available properties: www.uuspeetri.ee
Tartu "Kapitalimaja" hosts reputable insurance and real estate business offices
Landmark in Tartu's business real estate market - „Kapitalimaja“ - hosts reputable businesses from IT, banking and as from beginning of 2018, insurance and real estate. In addition to earlier tenants Danske Bank A/S and Fortumo OÜ, the „Kapitalimaja“ now houses the offices for IF P&C Insurance AS and LVM Kinnisvara.
Triple Net Capital's subsidiary Danfor OÜ acquired "Kapitalimaja" from EfTEN Capital in the beginning of 2016. Triple Net Capital's managing partner Heiti Riisberg refers to office building as one of the most attractive business real estate objects in Tartu. "With its strong and stabile tenants and strategic location the "Kapitalimaja" offers attractive return on capital, even if the economic situation is unstable and deposit and bond yields are approaching zero,"
Triple Net Capital develops a new residential cluster with 120 apartments in Peetri
Uus-Peetri cluster includes six 20-apartment residential buildings with two to four bedrooms in each unit. All second story apartments have balconies while ground floor apartments have private terraces.
The layout of the houses ensures that all of the buildings will have enough space and sunlight. The surroundings will be landscaped and feature cycling and pedestrian traks, green areas and a playground for children. The area also provides ample parking space for cars.
For more information, please visit us at: uuspeetri.ee
Tammsaare tee 118CTallinn, Estonia
Triple Net Capital´s subsidiary Faramir Invest acquired from Ergo Insurance SE office building situated at Tammsaare tee 118C, few minutes drive from the city center. Almost 2,000 m2 building is designed by architect Tõnis Tarbe and was built in 2007. In August 2017, after renovation, the building was rented to Estonian Defence Resources Agency.
Triple Net Capital led the sales process and financing and remains the owner of the house.
Ülikooli 6ATartu, Estonia
Triple Net Capital was responsible for the deal structuring and financing, it also continues to hold the investment in its own investment portfolio.
Hilton Tallinn ParkTallinn, Estonia
Triple Net Capital was the exclusive advisor for the transaction, responsible for structuring and sales process of the deal.