Millerhawk's Strategic Acquisition: Expanding Retail Portfolio in Estonia
Deal News | Jun 06, 2025 | CEE Legal Matters
Walless, a legal advisory firm, has represented Estonian investment company Millerhawk in its acquisition of a retail property portfolio from Swedish investor Sobra Arikeskus. This portfolio, comprising four retail properties in Estonian locations including three Bauhof stores in Haapsalu, Kuressaare, and Valga, and an A1000 store in Voru, totals 14,300 square meters of fully leased commercial space. The transaction included representation by Walless’s Partner Minni-Triin Park and Senior Associates Liina Kais and Margus Koiva. Meanwhile, Sobra Arikeskus was advised by Cobalt's Partner Aivar Taro and their legal team. This acquisition highlights Millerhawk's strategic growth in the Estonian retail market.
Sectors
- Real Estate
- Legal Services
- Investment
Geography
- Estonia – The retail properties are located in Estonia, making the transaction primarily relevant to this geography.
- Sweden – The seller, Sobra Arikeskus, is a Swedish investor, making Sweden a secondary geography of interest.
Industry
- Real Estate – The acquisition involves a portfolio of retail properties, indicating a focus on the real estate sector.
- Legal Services – Both Walless and Cobalt provided legal advice, highlighting the importance of legal services in the transaction.
- Investment – Millerhawk as an investment company represents the investment sector through its strategic expansion.
Financials
- – The financial details of the acquisition, including pricing, are not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Millerhawk | Buyer | Company | An Estonian investment company acquiring the retail property portfolio. |
| Sobra Arikeskus | Seller | Company | A Swedish investor selling the retail property portfolio. |
| Walless | Legal Advisor to Buyer | Company | Provided legal advisory services to Millerhawk during the acquisition process. |
| Cobalt | Legal Advisor to Seller | Company | Advised Sobra Arikeskus on the sale of the retail property portfolio. |