The quarter at the intersection of Liivalaia and Juhkentali streets in the centre of Tallinn will provide a total of 77,000 sq m of space and 36,000 sq m of fine rental space. The quarter consists of three buildings and a connecting car park. A nine-storey building with 3,000 sq m of rental apartments will be completed in January 2024, a 15-storey commercial building with a rental area of 9,000 sq m in May 2024 and a 28-storey commercial building with a rental area of 19,000 sq m in August 2024. Kapitel’s total investment in the development of the quarter is approximately 100 million euros.
We are building the highest quality working environment in Estonia, which is especially important in the context of the changing health requirements. The office premises have a first-class indoor climate, the net height of the ceilings is at least three metres, and the raised floors in the rental premises provide the flexibility to change the spatial plan and the layout of the workplaces. In addition to fine class A office space and rental apartments, the quarter will include 5,000 sq m of catering and service areas, including a lunch room, café and restaurant, and a 25-metre swimming pool, sports club and mini-spa, beauty and health services for the people who work in the quarter, as well as various rooms for conferences, meetings and events.
The two-storey underground car park and above-ground parking garage will have a total of 470 parking spaces and a car wash. We will also build Estonia’s largest indoor bicycle park and wash, as well as changing and shower rooms. We have acquired two undeveloped properties next to the project, where we can build additional parking spaces for the employees and guests of the companies that will move into the quarter. We also plan to establish childcare to simplify the daily logistics for people working in the quarter.
The Liivalaia Quarter is a dignified addition to Tallinn’s cityscape. The near-zero energy buildings are designed according to the international standard set by BREEAM at the level Excellent. The architect of the quarter is Martin Aunin and the interior architect is Arhitekt11, winners of the international invitation competition. We will establish a grand square in front of the buildings and two new access roads to Imanta and Võlvi streets, a green area and a public park next to Veski Street, through which a cycle and pedestrian path will pass as it follows the course of the historical Härjapea River.