AS Merko Kinnisvara is founded, later to be re-named E.L.L. Kinnisvara AS
Since our founding in 1997, we have been developing and managing real estate projects and creating quality environments for working, shopping and accommodation.
We follow the long-term strategy: we manage the whole development cycle and we remain as property owners of the projects developed and everyday partner to our tenants.
Our office buildings are daily quality working environment for thousands of people. Our shopping centres are home to hundreds of brands and shopping destination for millions. Logistics centers deliver the necessary goods and hotels offer quality accommodation in the city center of Tallinn.
ESTONIA, LATVIA, LITHUANIA, CZECH REPUBLIC
VOLUME OF GROUP’S ASSETS
TENANTS
GLA IN PORTFOLIO (incl. 57,000 m² under construction)
AS Merko Kinnisvara is founded, later to be re-named E.L.L. Kinnisvara AS
Subsidiaries are founded in Latvia and Lithuania
Tallinn’s WW Passaaž shopping mall becomes part of the company’s portfolio until June 2006
The residentialcommercial building at Vilmsi 44 / Poska 4 in Tallinn is completed
Tallink Express Hotel is completed in Tallinn. In September 2017, it is sold to the AS Infortar subsidiary Fastinvest
Sikupilli Kaubanduskeskus in Tallinn is completed. In September 2007, it is sold to Boultbee Land PLC
Mustamäe 24 commercial building is completed in Tallinn, eventually sold in May 2005 to Susi Real Estate OÜ
Phase I of Spice shopping mall in Riga is completed
The business building at Mustamäe 44 in Tallinn is renovated
The headquarters of the Merko construction company reaches completion on Järvevana tee in Tallinn. In September 2010, the building is sold to AS Merko Ehitus
Completion of Viru Keskus shopping mall in Tallinn
Tallink City Hotel in Tallinn is completed
The L3 office building is completed in Vilnius. In October 2016, it is sold to EfTEN Real Estate Fund III
The office-commercial-residential Admirali Maja development in Tallinn is completed
Mandarinas shopping mall is completed in Vilnius, and sold in June 2006 to Citycon OY
Phase II of Spice shopping centre in Riga is completed
Phase III of Spice shopping centre in Riga is opened
The Saules Miestas shopping centre is completed in Šiauliai, Lithuania. In August 2015, it is sold to EfTEN Real Estate Fund III
The Dociškių 15 apartment building in Vilnius reaches completion
Spice Home shopping centre in Riga is completed
The Duntes Building in Riga is completed, and in August 2008, sold to Catella Real Estate AG
Completion of the Sõpruse Ärimaja office building in Tallinn
Tallinn’s Nordic Hotel Forum is completed
Completion of Saltoniškių 36 apartment building in Vilnius
Vivulskio 12D business and apartment building in Vilnius is completed
A mattress factory built for Hilding Anders Baltic AS is completed in Harju County in the greater Tallinn region, and sold in 2009 to AS Kawe Group
Panorama shopping centre in Vilnius completed
Delta Plaza office building in Tallinn is completed
Embassy House, a multifunctional building in Vilnius, is completed
The renovation of Kõltsu Manor in Laulasmaa in Harju County, Estonia is completed
E.L.L. Kinnisvara is awarded the title of Estonia’s most competitive real estate company
E.L.L. Kinnisvara teams up with the Estonian Academy of Arts in support of the Unfinished City urban studies project
The Palác Pavlova office building in Prague becomes the newest addition to the company’s portfolio
An international invitational architecture competition for the Juhkentali office complex in Tallinn is announced
E.L.L. Kinnisvara is awarded the title of Estonia’s most competitive service enterprise
The Narbuto 5 office building in Vilnius is completed
E.L.L. Kinnisvara re-brands itself to KAPITEL. The new trademark will be adopted throughout the group
Martin Aunin’s work “Lightpark” wins Juhkentali Quarter architectural competition
Kapitel recognised as Culture Friend 2017
Arhitekt11 wins Liivalaia Quarter interior architecture design competition
Kapitel is awarded the title of Estonia’s most competitive real estate enterprise
Kapitel to invest 800,000 euros into lighting for Tallinn Old Town
The modern façade lighting for Tallinn’s Old Town has been completed
Highly regarded architecture bureau Wingårdhs won Viru Keskus’ interior architecture competition Navigatsioon
Kapitel is awarded the title of Estonia’s most competitive real estate enterprise
Kapitel invests 8 million euros in Nordic Hotel Forum renovation
8.6 million euro renovations will start at Tallink City Hotel
Kapitel is The Most Competitive Small and Medium-Size Company 2020
An exhibition on the problems of urban planning in Tallinn opens at the Museum of Architecture
Kapitel enters the logistics property business
Kapitel recognised as Culture Friend 2020
Kapitel and Merko signed a contract to start the construction of the Liivalaia Quarter
Reopening of Tallink City Hotel after complete renovation
Reopening of Nordic Hotel Forum after complete renovation
Kapitel is Estonian most competitive small and medium-size company for the second year in a row and the most competitive real estate company for the fourth time
A construction permit for the OXY Offices business centre
Elemental Skanste cornerstone
Food Hall area open at Viru Keskus
Arter Quarter cornerstone
Elemental Business Centre celebrates topping out
Topping out ceremony of Arter quarter
Completion of Elemental Business Centre office buildings
Kapitel is the strongest office developer brand in the Baltics, according to the Europe's largest real estate brand study by the European Real Estate Brand Institute
The Annual Brand Capital ranking by Norstat, the leading brand and lifestyle research in the Baltics: Spice is the second most loved brand among shopping centers in Latvia
European Real Estate Brand Institute Brand Value Study: the strongest office developer brand in the Baltics in 2024 and 2022.
Several times Estonian most competitive small and medium-size company and the most competitive real estate company.
The honorary member of the Estonian Academy of Arts.
Kapitel has been a successful business venture. We don’t take our accomplishments for granted, and we’re glad to share our successes with society.
A research project that explored the urban development visions and spatial scenarios of the future for Tallinn. The three-year project was led by the Faculty of Architecture at the Estonian Academy of Arts and involved the Academy teaching staff, researchers and doctoral students, as well as external partners. The results of the project were delivered as an exhibition and book.
The steel artwork placed at Nõmme and created by Heigo Jelle, consists of two outwardly calm but internally somewhat restless columns. At the top of the higher column, there is a rooster who is known from the cover of the ABC-book and whose everyday work is to wake up everyone in the morning.
We want to enhance our environments and support local art. Our Narbuto 5 office building in Vilnius is adorned with a sculpture "Initial Thought"created by a young and talented Lithuanian sculptor Virzbickas Vytautas. The piece of art seeks to celebrate the moments of a beginning.
In cooperation with the Estonian Embassy in Lithuania and the Estonian Chamber of Commerce in Lithuania, we helped renovate the Estonian language lecture room at Vilnius University. For more than ten years, students have been studying Estonian there under the supervision of a lecturer from the University of Tartu.
Panorama shopping centre is the sponsor of the renowned Vilnius basketballclub Rytas, which is a dedicated to proudly represent Vilnius and Lithuania in European tournaments. Founded in 1964, the club has been called Rytas since 2018.
The non-profit organisation Maria ja Lapsed (Maria and Children) offers therapy and a home for children left without parental care in the Lääne-Viru and Ida-Viru counties. We presented one family in the home the freedom of having their very own vehicle, so that the children and their foster parents could conveniently go about their daily business and enjoy outings together.
