Estonian Air sold its headquarters to Tallinn Airport
TRINITI Tallinn office advised the national airline Estonian Air in the sale of their headquarters to Tallinn Airport. The transaction value was 7,5 million euros.
In addition to the headquarters building the transaction involved also the hangar and the technical buildings of Estonian Air. The sale of the main building is part of the ongoing restructuring program of the national airline. Estonian Air will continue to use part of the building for its head office functions as a tenant.
Advocate Ramil Pärdi co-ordinated the legal advice related to the transfer of the building and related financing arrangements.