International real estate advisor Savills has entered into an association with SUPPA Advisers in the Baltics to support its continued expansion in Europe.
The SUPPA team has worked in the Baltics real estate market since 2006 with a strong focus on large scale complex real estate transactions, as well as asset management, renewable energy, forestry sales and acquisitions. The company is the market leader in Estonia and a leading player in the Latvian and Lithuanian commercial real estate markets.
The team has been involved in some of the most significant transactions that were made in the region. Amongst others, the track record includes the largest sale and leaseback transaction in the Baltics on behalf of SEB amounting to €197m. This also includes advising on the largest residential transaction in the Baltics, Estonia’s Raadiku municipal housing, which private developers sold to LCN Capital Partners for €136m and consecutively LCN Capital Partners sold to ICG, and, in cooperation with Savills, advising Blackstone on the sale of the Dole Shopping Centre in the suburbs of Latvia’s capital Riga to Hili Properties.
James Sparrow, CEO, Savills UK & EMEA, comments: “We are delighted that SUPPA Advisers will be our associate in Estonia, Latvia and Lithuania with immediate effect.
Baltic real estate saw a record transaction volume of c.€1.4bn in 2021 and we anticipate this sector to grow even more in the future once financial markets recover. This association enables us to strengthen and broaden our growing presence in the region as we continue to expand our teams and areas of expertise for the benefit of our global client base.”
Aleksandrs Tralmaks, Founding Partner, SUPPA Advisers, says: “This association with Savills allows us access to the company’s vast global network and reach of international investors and capital. It builds on our existing track record of commercial real estate transactions and on our continued cooperation in farmland and forest advisory that is currently not offered by any other global brand in the Baltics.”