TARK team advised on the purchase of Krulli Quarter

TARK team, led by managing partner Tanel Tark, advised investment company OÜ Notorious on the acquisition of shares in Krull Kvartal AS.

Krulli Kvartali is located in North Tallinn, on the border of Kalamaja, where the production buildings of the former Franz Krull machine factory and later Tallinn machine factory are located. The planned development is divided into half: 50% residential and 50% commercial premises. In the middle of the quarter, a public area with high greenery for pedestrians will be created, a kindergarten will be built and parking spaces will be moved mainly under the buildings.

As a result of the share transaction, a mortgage has been established on all real estate owned by Krulli Kvartal AS and a share pledge on the shares of Krulli Kvartal AS in favor of OÜ Notorious until the establishment of the detailed plan for the Krulli quarter.

OÜ Notorious is a next-generation Estonian asset management and investment company that invests in various asset classes globally (including technology and start-ups, VC funds, real estate, real assets, etc.).