aA
Changes in Baltic region‘s real estate field are happening – international real estate consulting company Newsec and Baltic investment banking company Redgate Capital signed a partnership agreement to offer real estate services to clients in Estonia. Redgate Capital‘s real estate advisory team will now operate under the Newsec trademark name in Estonia, a Newsec press release states.
Newsec and Redgate Capital signed a partnership agreement
© Shutterstock

The idea that Newsec might have a partner in the Baltic States was driven by the growing scale of activities in the Baltics and new projects being developed in the region. Headquartered in Estonia, Redgate Capital's focus is in offering capital raising (shares, bonds, loans), mergers and acquistion advisory and commercial real estate transaction advisory services, mainly targeting Baltic SMEs. Now it will extend its services range by teaming up with Newsec in real estate services.

„We are taking a leading position among commercial real estate consulting and property management services in Northern Europe – we strive to ensure the highest standards of service provided and we are constantly strengthening our position in the Baltic region. As our companies' attitudes and goals are similar, we signed a partnership agreement with Redgate Capital, which specialises in investment banking services in the Baltic States. Our partnership will allow more efficient customer service in Estonia. Since Redgate Capital is an experienced market player, with 10 years of experience, both sides felt confident entering the partnership", – says Ugnius Meidus, Newsec in the Baltics Management Director.

Redgate Capital's real estate advisory now will work under the Newsec trademark name. „We are happy to team up with one of the leading and international Full Service Property House in Northern Europe – Newsec. We see many new benefits for our clients by offering wider range of services in the real estate advisory and property management areas. Newsec has proven to be the leading full property house brand while working in seven markets, with established position in Lithuania and we intend to strengthen the brand presence in Estonia," – says Redgate Capital's partner Aare Tammemäe.

Both companies believe that the partnership will help to further expand their business activities on the commercial real estate market of the Baltic States.

In Estonia, both companies have advised large-scale commercial real estate transactions. Newsec has advised, among other deals, sale of the Metro Plaza office building, transactions of Narva Prisma and Magistrali shopping centers. Redgate Capital has advised Mustamäe Keskus shopping center, Auriga shopping center, several large-scale industrial and logistics sale&leaseback transactions. Redgate Capital and Newsec are looking forward to jointly increase transaction advisory business volumes including full property house services, including representing international tenants, offering corporate solutions, brokerage, valuation, property management and capital raising (debt and equity) services for the real estate projects.

About Newsec:

Newsec – a full service property house in Northern Europe – offers real estate owners, investors and tenants a full range of services within the areas of property asset management and advisory.

Newsec was founded in 1994 and is today a partner-owned company with some 1 700 co-workers in seven markets. Newsec has approx. EUR 39 billion under management and annually signs lease agreements of some 760 000 square meters, manages transactions of some EUR 3 billion and does real estate valuations of underlying property worth almost EUR 180 billion.

Thanks to large volumes, local presence combined with in-depth understanding of a range of businesses, Newsec has a unique expertise of the real estate market in northern Europe. Newsec is a BNP Paribas Real Estate Alliance Partner which gives us access to an international network of potential clients and relevant connections.

About Redgate Capital:

Redgate Capital is a partnership-based investment bank, offering wide range of financial advisory services tailored to meet the needs of Baltic SMEs. The main services of Redgate Capital cover corporate mergers and acquisitions (M&A), capital raising advisory and commercial real estate advisory. To date, Redgate Capital has successfully completed over 70 transactions with combined value of over 450 MEUR. Redgate Capital is a market leader in the Baltics in mid-cap high-yield bond sector with the largest dedicated debt capital markets team on the market. Redgate Capital was established in 2008.

|Populiariausi straipsniai ir video

Coronavirus emergency may mean restrictions, release from obligations for firms

The Lithuanian government's decision to declare a state-level emergency due to the coronavirus...

Finance minister: coronavirus to affect economy

The widening coronavirus outbreak will have implications for the Lithuanian economy , Finance...

Lithuanian businesses might feel coronavirus effect in spring

The coronavirus outbreak in China is already affecting Lithuanian businesses as some companies...

Leader in gaming and VR platforms to undergo major expansion in Lithuania

Unity Technologies , creator of the world’s most widely used real-time development platform for...

German polymer specialist establishing microduct systems production unit in Klaipeda

REHAU , a family-owned polymer specialist with annual sales of around EUR 3.5 billion, is...

Top news

Lithuania declares nationwide emergency due to coronavirus threat

The Lithuanian government declared on Wednesday a nationwide emergency in an effort to minimize...

Coronavirus emergency may mean restrictions, release from obligations for firms

The Lithuanian government's decision to declare a state-level emergency due to the coronavirus...

Vilnius is 7th most accessible city in Europe

Vilnius came in 7th place beating many other European tourist hotspots.

Zalgiris: Friday's Euroleague match against Milan team to go ahead as planned

Friday's Euroleague match between Zalgiris Kaunas and AX Armani Milan in Lithuania's...

Installation of Chinese CCTV in Kaunas raises security concern

The installation of a CCTV system produced by Chinese company Hikvision in Lithuania's...

|Maža didelių žinių kaina