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"In the coming years, we plan to invest about 145 million euros in projects in Riga and Tallinn, both for the construction of new office complexes Elemental Skanste and Juhkentali as for the development of the competitiveness of the Spice shopping center. Kapitel "Chairman of the Board Tāvi Ojala
At present, the company is developing almost two large business complexes almost simultaneously.After all stages of construction, the complex" Elemental Skanste "in Riga will include five office buildings with a total area of 41,600 sq.m. For the first stage of construction, Skanstes street 25 has already received and entered into force a building permit issued by the Riga City Construction Board, and design work The first floor is expected to be completed this summer, but construction is expected to begin this fall, with the first stage consisting of two 10-storey office buildings totaling 21,700 sq. m and an investment volume of 40 million sq. m.
The total rental area of the Juhkentali shopping complex on Līvalaia Street, Tallinn, is 40 000 m² and will comprise the highest 28-storey office buildings in & # 39; Estonia, as well as 15-storey office buildings, 9-storey apartment buildings, service areas and parking, which will connect all buildings. The total investment in the project is estimated at around 100 million euros. Construction projects are currently underway with architects and construction is scheduled for 2020.
The Kapitel real estate group's turnover reached 42 million euros in 2017, while the value of Approximate market of the company's badets increased by half a billion euros.
"Our success is based on a strong business environment and long-term relationships with tenants in shopping centers and office buildings, as well as with hotel operators. Delta Plaza offices and Sopruse Arimaja in Tallinn and Clbad A "Narbuto 5" The Vilnius office building, completed in the autumn of 2017, was also occupied by tenants: in 2017, we acquired the 39, Palac Pavlova office building in Prague, we are currently pursuing market badysis and looking for new acquisitions. Says Ojala
. In 2017, orthopedic shopping centers continued to perform well. The turnover of shopping centers "Spice" and "Spice Home" has increased, while the business center "Panorama" in Vilnius has reached a record level. The Viru Keskus shopping center in Tallinn, where the company owns the shares, had the highest sales volume in 2017 and the highest number of visitors to date. 2017 was also a very good Kapitel hotel in Tallinn.
Kapitel constantly invests in its portfolios to preserve and increase the value of real estate. In 2017, a sports club from the Panorama shopping center was completed. In cooperation with the International Architect Office, a project has been prepared for the reconstruction and expansion of the Spice shopping center.
Kapitel (formerly ELL Real Estate) is one of the largest real estate companies in the Soprusi Arimaja office building, an efficient, ecological and modern solution for the combined production of electricity and electricity. heat, and that reduces costs for tenants. real estate companies in the Baltic States. It develops and manages shopping centers, hotels and office buildings. The real estate portfolio of the company includes more than 190,000 sqm of leased space. The company owns four office buildings (Delta Plaza and Sopruse Arimaja in Tallinn, Narbuto 5 in Vilnius, Palac Pavlova in Prague) and participations in several large shopping centers (Spice and Spice Home in Riga, Panorama in Vilnius). , "Viru Keskus" in Tallinn). The company is also the owner of the Nordic Hotel Forum (operator OÜ Nordic Hotels) and, together with AS Infortar, owner of Tallink City Hotel, managed by Tallink Hotels. The companies in the group employ 50 people.
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