RASK represents client in the acquisition of Veerenni Confido Tervisemaja, the largest private medical center in Estonia.

Case

RASK advised client in one of the biggest commercial real estate transactions of recent times – the acquisition of Veerenni Cofido Tervisemaja, one of the most notable private healthcare centers in the Baltics.

In the transaction Timo Kullerkupp, partner of the law firm RASK represented the buyer, the asset management fund Zenith Family Office and Summus Capital (member of Summus Group). The consultation included performing a legal audit before the acquisition, compiling transaction documentation and representing the client in negotiations.

Veerenni Confido Health House is one of the most modern A-class office buildings, built with the high-tech requirements of the medical sector in mind. Together with the SYNLAB Veerenni Health Center complex managed by the adjacent Zenith Family Office, the health houses form the most modern private medicine cluster in the Baltics. The leased area of the acquired building is approx 10,600 m2 and its most important tenants are Confido Healthcare Group, Orthopedic Doctors, Sports Medicine Foundation, Semetron AS and Next Clinic.

The major owner of the investment company that acquired Veerenni Confido Tervisemaja through Zenith Faimily Office is Summus Capital, whose portfolio in the Baltics includes over 250,000 m2 of commercial real estate.

Zenith Family Office OÜ is one of the largest independent asset management and financial consulting companies in the Baltics, which organizes and structures the financial affairs of  individuals and family-owned companies in accordance with the principles of a family office.