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UPP Olaines
Name: UPP Olaines OÜ
Core business: Real Estate Management
Date of registration: 24.08.2017
Auditor: Ruut & Partnerid Audiitorbüroo OÜ
Date of listing: 29 November 2018 (Baltic Bond List)
Other listings: -
Management Board:
Marko Tali
Supervisory Board:
Mart Tooming, Hallar Loogma, Tarmo Rooteman
Background Information
With the UPP Olaines OÜ subordinated note issue, United Partners Property partially financed the acquisition of Olaines Logistics Park. It is the second logistics-project-based Estonian note issuer under United Partners Property.
UPP Olaines OÜ is the owner of the logistics park and it has established a mortgage (subordinated to investment loan issuer) over the logistics park as a collateral to the note issue. The logistics park is situated in the Olaine industrial zone, in Olaines parish, Grēnes campus, which is in near vicinity to Riga. In this region there are also operating Olainfarm, Nordic Industrial Park and Biolar.
The logistics park was acquired in December 2017 through a combination of United Partners Property equity, UPP Olaines OÜ subordinated note issue and an investment loan. Two warehouses, each having over 18 000m2 of leasable area, were built between 2007 – 2008 and are situated on 8.5-hectare land plot. The logistics park is fully leased, with anchor tenant Maxima Latvija occupying 60% of the leasable area. Girteka Logistics occupies additional 30% and the rest of the leasable area is occupied by McDonalds, Rimi Latvija and Akatrans.
Contact Details:
Address: Pärnu mnt 141, 11314 Tallinn, Estonia
Telephone: +372 6616 450
E–mail: info@unitedpartners.ee
Internet webpage: http://www.unitedpartners.ee/en/
Contact person: Siim Sild, e-mail: siim.sild@unitedpartners.ee