The Competition Authority granted approval in January this year and on the 1st of February the transaction entered into force – Pontos Group sold its share in Viru Keskus to Kapitel and Tristafan. The parties do not disclose the price of the transaction. Viru Keskus, with a leasable area of 29,500 m², completed its largest… Continue reading Kapitel became the majority shareholder of Viru Keskus
The 72% share in the newly refurbished Viru Keskus will be bought from Pontos Group by the 28% owner Kapitel together with Tristafan. The transaction signed today will enter into force in the coming months, subject to the fulfilment of the agreed pre-conditions, including the approval of the Competition Authority. The parties do not disclose… Continue reading Kapitel acquires Viru Keskus with co-investor
The newest tenant of the Arter quarter, which is emerging in the center of Tallinn, is the TGS Baltic law firm, which will move its office to the 12th floor of the quarter’s 15-storey building. 90% of the spaces in the entire quarter have been rented out, only nearly 1,500 square meters of office space… Continue reading TGS Baltic law firm will move its office to Arter Quarter
The State Construction Control Bureau of Latvia has put into operation Elemental Business Centre office building complex, built in Skanste district in Riga. The construction of the buildings was started in September 2021, and Kapitel’s total investment in the project is over 60 million euros. The construction works of the project were carried out by… Continue reading Elemental Business Centre office buildings have been commissioned
Today, in Laagri, Saue Municipality, the cornerstone ceremony for Solina’s new production complex took place. With a total investment of 27 million euros, this complex is set to employ 110 people. Kapitel, the developer, and Eventus Ehitus, the construction company, have partnered on this impressive 15,000 sq m energy-efficient Class A building, complete with a… Continue reading The new production complex for Solina, which had its cornerstone laid today, enables a 25% increase in production volumes.
A rafter party took place yesterday at the Arter Quarter in central Tallinn, marking the completion of Estonia’s tallest office building, which now stands at an impressive height of 111 meters. Nearly 90% of the spaces in the new quarter have already been leased, with Swedbank as the anchor tenant. With a total investment of… Continue reading Estonia’s tallest office building rises from the Arter Quarter to reach full height
SEB Pank signed a €85 million loan agreement with Arter Kinnisvara, belonging to the Kapitel group, for financing the construction of the Arter Quarter in the Tallinn city centre. The total investment of Kapitel in the Arter Quarter extends to nearly €155 million and the project will be completed in Q3 2024. According to Artjom Sokolov,… Continue reading SEB will finance the real estate development of Arter Quarter with €85 million
Kapitel continues to invest in reducing the ecological footprint of its real estate portfolio. The company built an additional solar power plant on the roof of the logistics centre at Rukki tee 1 in Rae Rural Municipality, which more than triples the current solar energy production. Solar energy now covers more than a third of… Continue reading Kapitel more than tripled the capacity of the solar power plant at Rukki tee 1 logistics centre
The book, published today, summarizes the discussions held during the three-year Unfinished City research project and is intended for everyone interested in thinking about Tallinn’s potential as a city of the future – what we expect from Tallinn in the future, what the city needs and what problems it has to overcome in order to… Continue reading The Unfinished City research team publishes a book on Tallinn’s urban visions
Kapitel, which expanded into the logistics and industrial real estate business this year, acquired four land plots with a total area of 60,000 m2 in the former Gate Tallinn development area, in Laagri next to Tallinn-Pärnu highway. Valid detail planning allows development of logistics and industrial real estate with gross area of up to 26,000… Continue reading Kapitel supplemented its portfolio of undeveloped land plots
Kapitel, which expanded into the logistics and industrial real estate business this year, acquired four land plots with a total area of 60,000 m2 in the former Gate Tallinn development area, in Laagri next to Tallinn-Pärnu highway. Valid detail planning allows development of logistics and industrial real estate with gross area of up to 26,000… Continue reading Kapitel supplemented its portfolio of undeveloped land plots
