The Group at a glance

4 COUNTRIES

ESTONIA, LATVIA, LITHUANIA, CZECH REPUBLIC

578 mEUR

VOLUME OF GROUP’S ASSETS

500

TENANTS

244,000

GLA IN PORTFOLIO

Portfolio by countries

2021 H1

Portfolio by business lines

2021 H1

History

  1997

AS Merko Kinnisvara is founded, later to be re-named E.L.L. Kinnisvara AS

  1997

Subsidiaries are founded in Latvia and Lithuania

  1998

Tallinn’s WW Passaaž shopping mall becomes part of the company’s portfolio until June 2006

  1998

The residentialcommercial building at Vilmsi 44 / Poska 4 in Tallinn is completed

  1999

Tallink Express Hotel is completed in Tallinn. In September 2017, it is sold to the AS Infortar subsidiary Fastinvest

  2000

Sikupilli Kaubanduskeskus in Tallinn is completed. In September 2007, it is sold to Boultbee Land PLC

  2000

Mustamäe 24 commercial building is completed in Tallinn, eventually sold in May 2005 to Susi Real Estate OÜ

  2001

Phase I of Spice shopping mall in Riga is completed

  2002

The business building at Mustamäe 44 in Tallinn is renovated

  2003

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

  2003

Completion of Viru Keskus shopping mall in Tallinn

  2004

Tallink City Hotel in Tallinn is completed

  2004

The L3 office building is completed in Vilnius. In October 2016, it is sold to EfTEN Real Estate Fund III

  2004

The office-commercial-residential Admirali Maja development in Tallinn is completed

  2004

Mandarinas shopping mall is completed in Vilnius, and sold in June 2006 to Citycon OY

  2005

Phase II of Spice shopping centre in Riga is completed

  2006

Phase III of Spice shopping centre in Riga is opened

  2006

The Saules Miestas shopping centre is completed in Šiauliai, Lithuania. In August 2015, it is sold to EfTEN Real Estate Fund III

  2006

The Dociškių 15 apartment building in Vilnius reaches completion

  2006

Spice Home shopping centre in Riga is completed

  2006

The Duntes Building in Riga is completed, and in August 2008, sold to Catella Real Estate AG

  2006

Completion of the Sõpruse Ärimaja office building in Tallinn

  2007

Tallinn’s Nordic Hotel Forum is completed

  2007

Completion of Saltoniškių 36 apartment building in Vilnius

  2007

Vivulskio 12D business and apartment building in Vilnius is completed

  2007

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

  2008

Panorama shopping centre in Vilnius completed

  2008

Delta Plaza office building in Tallinn is completed

  2009

Embassy House, a multifunctional building in Vilnius, is completed

  2010

The renovation of Kõltsu Manor in Laulasmaa in Harju County, Estonia is completed

  2016

E.L.L. Kinnisvara is awarded the title of Estonia’s most competitive real estate company

  2016

E.L.L. Kinnisvara teams up with the Estonian Academy of Arts in support of the Unfinished City urban studies project

  2016

The Palác Pavlova office building in Prague becomes the newest addition to the company’s portfolio

  2016

An international invitational architecture competition for the Juhkentali office complex in Tallinn is announced

  2016

E.L.L. Kinnisvara is awarded the title of Estonia’s most competitive service enterprise

  2016

The Narbuto 5 office building in Vilnius is completed

  2017

E.L.L. Kinnisvara re-brands itself to KAPITEL. The new trademark will be adopted throughout the group

  2017

Martin Aunin’s work “Lightpark” wins Juhkentali Quarter architectural competition

  2017

Kapitel recognised as Culture Friend 2017

  2017

Arhitekt11 wins Liivalaia Quarter interior architecture design competition

  2017

Kapitel is awarded the title of Estonia’s most competitive real estate enterprise

  2018

Kapitel to invest 800,000 euros into lighting for Tallinn Old Town

  2018

The modern façade lighting for Tallinn’s Old Town has been completed

  2018

Highly regarded architecture bureau Wingårdhs won Viru Keskus’ interior architecture competition Navigatsioon

  2019

Kapitel is awarded the title of Estonia’s most competitive real estate enterprise

  2019

Kapitel invests 8 million euros in Nordic Hotel Forum renovation

  2019

8.6 million euro renovations will start at Tallink City Hotel

  2020

Kapitel is The Most Competitive Small and Medium-Size Company 2020

  2020

An exhibition on the problems of urban planning in Tallinn opens at the Museum of Architecture

  2020

Kapitel enters the logistics property business

  2020

Kapitel recognised as Culture Friend 2020

  2021

Kapitel and Merko signed a contract to start the construction of the Liivalaia Quarter

  2021

Reopening of Tallink City Hotel after complete renovation

  2021

Reopening of Nordic Hotel Forum after complete renovation

  2021

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

Kõltsu Manor

Adorning the sand dunes at Laulasmaa, Kõltsu Manor offers an extraordinary experience unique among Estonian manors. We restored the late 19th century wooden manor and opened it for excursions, concerts and distinguished events.

Old Town lighting

In 2019, the town wall and towers of Tallinn’s Old Town received a modern lighting solution that awakens them to new life as darkness arrives. Come look at the old town in a new light and listen to audio-guided stories about the old houses and town walls.

Estonian Tennis Association

We have been a gold sponsor for the Estonian Tennis Association since 2005, focusing on supporting the development of talented young tennis players and organising international tournaments.

Unfinished City

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.

Three monks

Two 2.5 metre bronze sculptures of monks stand in the Danish King’s Garden, referring to the stories and legends of the historic courtyard and enlivening the area. The figures are complemented by a lighting solution and an information plaque on the city wall.

Culture Wolf

In front of the Nordic Hotel Forum stands a 2.4 metre-high bronze statue of a wolf known as the Culture Wolf. As the PÖFF mascot and the Estonian national animal, the statue of the wolf symbolises our fondness for culture.

Sculpture Wake-Up

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.

Sõru Jazz

Jazz sounds best on the magical summertime island of Hiiumaa. Sõru Jazz Festival is a holiday for the body and soul – the best music, friendly company and picturesque natural scenery.

Tuletorni concert

The family festival on the banks of Lake Peipus, at the mouth of the Rannapungerja River, offers high-quality music from performers of various styles.

MTÜ Maria ja Lapsed

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.

Estonian language lecture room at Vilnius University

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.

SOS Children's Village

At the SOS Children's Village, children without parents are brought up in loving and caring homes. We helped to establish a family home at Kohtla-Järve.