UAB Merko Būstas, part of AS Merko Ehitus group, has launched the Vilneles Skverai residential development project located on the outskirts of the Old Town of Vilnius at Manufakturu str. 7. The first stage includes six buildings with 250 apartments,…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to launch the second stage of Lahekalda residential development project in Tallinn. The new stage includes two buildings with 96 apartments, which are to be completed in December…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to launch the fourth stage of Pikaliiva residential development project in Tallinn. The new stage includes two buildings with 50 apartments, which are to be completed in October…
EfTEN Real Estate Fund III AS acquired through its subsidiary Rutkausko UAB in Vilnius the Rutkausko office building where the anchor tenant is international IT firm Atea. The transaction was closed on Friday, 14 August 2020. Total value of the…
Regardless of the fact that there were holidays in the middle of a business week and in spite of the heat wave across Estonia, the number of real estate transactions continued to increase in June. According to the Land Board,…
The end of the emergency situation and lifting of many restrictions brought along a rise in the real estate market in May, as predicted and anticipated. According to the initial information, the rise was not as fast as predicted but…
On 31 March 2020 the owner and operator of T1 Mall of Tallinn shopping centre, AS Tallinna Moekombinaat (TMK, a group subsidiary of AS Pro Kapital Grupp), submitted an application to Harju County Court for commencement of reorganisation proceedings with…
MANAGEMENT REPORT Chairman’s summary 2019 was as a year of challenges, opportunities and acknowledgment, which is characteristic to many companies with an eye on the future and ambition for growth. The key focus of our work is on large-scale development…
AS Pro Kapital Grupp group company OÜ Kalaranna Kvartal and Nordecon AS have signed an agreement for the design and construction of the first two phases of Kalaranna Quarter. The property of Kalaranna Street 8 in Tallinn will have eight…
Paindliku lahendusega äripindu pakkuv IWG ning kinnisvaraarendaja Fausto Capital on jõudnud kokkuleppele, mille tulemusena rajatakse Tallinnasse Fahle kvartalisse Spaces’i kaubamärgi all Baltikumi suurim büroohotell. IWG’d esindava Jekaterina Kosmaceva sõnul on loodava teenuse nimetamine büroohotelliks isegi liialt väheambitsioonikas. “Me ei ole…
In the Baltic market of retail space, the biggest risk of overheating is in Tallinn because of the large number of new developments completed in recent years. At the same time, the average rental price in Tallinn is likely to…
Life shows that the supernatural expectations attributed to the coming of the euro were left unfulfilled. The new currency left the buyers and sellers eyeing each other and waiting for the actual market movements. For this reason the number of…
825 non-residential spaces have received use permits in 2010, according to the Stastics Board. To compare, in the last five years an average of 2700 non-residential spaces have received construction permits annually. As such, it can be claimed that many…
According to the Statistics Estonia, a total of 2449 non-residential spaces have received construction permits in Estonia in 2010. Compared to the previous year, the number of construction permits decreased by 11%. Year-on-year, this is the fourth consecutive drop, following…
