The new valuation report has been created for the Modern office in the business center of Tallinn.
The initial book value of this property will be changed according to the new valuation report. Even though the indicators used to evaluate commercial real estate are currently very conservative due to COVID, we still decided to go ahead and ordered a new report, as the office went through a full renovation. The valuation reports for our other rental properties will be ordered once the overall market situation with commercial real estate is changed. The new valuation report can be found in the property "Technical Overview" section.