Swedbank’s headquarters will be moved to the Arter quarter
Swedbank AS and Arter Kinnisvara OÜ, a subsidiary of AS Kapitel, have signed an agreement according to which Swedbank AS will move its headquarters from its current premises on Liivalaia street in Tallinn to a 28-story building in the Arter quarter in 2025.
CEO of Swedbank AS, Olavi Lepp, said that the current office buildings on Liivalaia street have become too small for the bank, being also old-fashioned. “Our nearly 2,000 employees will move to the Arter quarter in the first half of 2025. We’ve had the plan to move our headquarters for years, both in our thoughts and on paper. At the end of 2020, we announced that we’d move our headquarters to the Hippodrome quarter, but this plan did not materialise. In order not to postpone the long-awaited move to new premises even further, we started looking for new solutions for moving to the new headquarters, and staying on schedule. The Arter quarter best suited Swedbank’s needs in terms of space and schedule. All our units operating in different locations in Tallinn will move to the new headquarters. The new 28-story building will have excellent working conditions, as the principles of both ergonomics, mobility, and sustainability have been taken into account. I’m sure our employees will welcome the new headquarters with positive emotions,” Olavi Lepp said.
Located at the intersection of Liivalaia and Juhkentali streets, the Arter quarter consists of a 28-, 15-, and 9-story buildings, and a connecting central building with a parking garage. The headquarters of Swedbank will be moved to the tallest, 28-story building in the quarter, and the representative office of Swedbank will be there too.
According to Taavi Ojala, CEO of AS Kapitel, the developer of the Arter quarter, a first-class working environment is increasingly important for companies both in keeping existing professionals, as well as in recruiting new talent. “We’re proud that Swedbank will be the anchor tenant of the Arter quarter. Swedbank is not only the most valuable company in Estonia, but also a responsible and reliable company that places great emphasis on sustainability. This also meets our values and expectations, and in cooperation, we can make the Arter quarter become the new centre of Tallinn’s business life,” Taavi Ojala added.
The business block’s near-zero energy buildings are designed and built according to the Excellent level of the international BREEAM standard. An environmentally friendly energy solution is provided by a combination of energy piles, and district heating and cooling. The office spaces have first-class indoor climate, air humidification, and raised floors, the clear height is at least three metres. A park, open to everyone in the city, will be built in the area of the former Härjapea riverbed behind the buildings.
The architect of the Arter quarter is Martin Aunin, the interior design is created by Arhitekt11. Arter is developed by Kapitel and built by Merko Ehitus Eesti. Kapitel will remain the owner of the Arter quarter.