We advised Summus Capital, one of the leading commercial real estate investment companies in the Baltics, on raising EUR 30 million through the public offering of bonds.
First-ever public offering available to retail investors
This marks the company’s third ever bond issuance; however, the previous two were targeted only at institutional investors. This was their first ever public offering of bonds targeted to both retail and institutional investors in the Baltics. Bonds will be listed on Nasdaq Tallinn Baltic Bond list.
“The trust and active participation of investors clearly show that our business model, built on a high quality and diversified commercial real estate portfolio across the Baltics and Poland, meets expectations,” said Aavo Koppel, Member of the Management Board at Summus Capital. “We are pleased that so many individuals and organizations believe in our long-term strategy and want to be part of it. This gives us the confidence to move forward with new investments and growth plans.”
Summus Capital owns and manages real estate in the Baltics and Poland. The company’s portfolio includes several first-class retail, office, logistics and medical properties, and exceeds EUR 500 million in value. Summus Capital’s strategic focus is on creating long-term value and increasing efforts to meet the highest standards in ESG compliance.
Our services and client team
We advised the client throughout the project on all legal matters related to the issuance of the bonds. Our service included preparing the documents for the offering, including the prospectus and terms of bonds, legal advice on their listing on Nasdaq Tallinn, and liaising with the arrangers and other counterparts.
Our team was led by partner Kätlin Krisak and associate Eva Lotta Penjam. The team also included partners Kaido Künnapas and Aija Lasmane; counsels Gerda Skirbutienė, Lina Aleknaitė-van der Molen and Mārtiņš Rudzītis; senior associates Verner Silm and Oliver Ämarik; associate Annija Kuzma; and assistant lawyer Robin Sarapuu.
