TALLINN – The Forum Cinemas multiplex at Coca-Cola Plaza closed its doors to visitors on Dec. 3 for an upgrade and ergonomic improvement, and is set to reopen at the end of the year at the latest.
"The tenant's decision to invest and raise the cinema halls to a whole new level demonstrates strong understanding and confidence that large screen cinemas remain important entertainment venues also in the future and all of us hope that the restrictions are lifted as soon as possible, especially for children," Tarmo Karotam, fund manager at Baltic Horizon Fund, said in a press release.
He described Coca Cola Plaza as a well-known investment in the fund's portfolio with considerable long-term potential.
The Coca-Cola Plaza multiplex, situated in Tallinn's city center, has 11 theaters with 1,726 seats in total.
Baltic Horizon Fund is a listed real estate fund that specializes in commercial real estate in the Baltic capitals. The fund holds a portfolio of 14 properties in Tallinn, Riga and Vilnius worth over 315.5 million euros in total. Baltic Horizon Fund, a regulated closed-end contractual investment fund registered in Estonia and managed by Northern Horizon, is listed on the stock exchanges of Tallinn and Stockholm.