Carlsquare A/S advised E-STAR Property AS on the USD 41.5 million financing of a property investment in Moscow.
Carlsquare A/S has successfully advised E-STAR Property on the USD 41.5 million financing of their first property investment in Moscow.
E-STAR Property AS (E-STAR) is a Norwegian property investment company that was established and listed on Oslo stock exchange’s OTC list in 2007 with shareholders’ equity of approx. USD 89 million. E-STAR’s objective is to generate high returns to investors on a medium and long term horizon by investing in non-residential properties in Russia. The company’s focus is on prime office buildings with existing long-term tenancy agreements placed in attractive areas in Moscow and St. Petersburg.
To date, E-STAR has invested USD 63 million in an office building in Moscow and has signed a conditional sale agreement for a complex of office buildings in St. Petersburg. The Company has also initiated negotiations for the acquisition of another non-residential property complex in Moscow, which would bring the combined investment to USD 150 million. The company is always open to consider attractive investment properties.
Carlsquare A/S acted as strategic and financial advisor to the management on raising capital from Nordic and international banks.
| Client: | E-STAR Property |
| Industry: | Business Services |
