Estonia

Catella has advised Finnkino Oy in the sale of the Coca-Cola Plaza in the central business district of Tallinn, Estonia, in a sale and lease back transaction. The buyer is BPT Baltic Opportunity Fund, the most recently launched real estate fund from BPT, Baltic Property Trust. 

• Up to 268,000 people owe their jobs to presence of Hyundai and Kia in EU
• €1.7 billion in taxes paid to European governments during 2011
• Factories source €3.4 billion of supplies annually from within the region

Scandic Palace Hotel in central Tallinn, Estonia, will be sold to a new property owner and hotel operator on 30 April 2013. The new owners are EfTEN Real Estate Fund and Vello Kunmans AS Esraven. This deal sees Scandic Hotels streamlining its business as the Nordic region’s biggest hotel operator.

The year 2013 will be notable for both the European Union and Camfil as the “European Year of Air” and the year in which Camfil will celebrate 50 years of operations as the No.1 air filtration company in Europe and a global leader in clean air solutions. The European Year of Air initiative for 2013 is part of a larger effort to push for stronger EU air quality laws and tighten policies to protect human health and the environment.