The co-operation between Capital Mill and the subsidiary of the Liechtenstein entity Estmak Capital Aktiengesellschaft, namely Lasnamäe Tervisemaja OÜ in terms of real estate management has come to an end. Capital Mill would like to thank their partners for the collaboration.
Press release: Capital Mill held topping out ceremony of Repston’s new production facility
Yesterday, the real estate investment company Capital Mill together with Vilcon Ehitus and Repston OÜ held a topping out ceremony for their new office and production facility. Together, they are erecting a state-of-the-art building near Maardu, to be completed by the spring of the next year. The building will be equipped with custom-made furnishings and in addition, there are plans to build a solar power station on the roof.
Vilcon Ehitus OÜ will build the new office and production facility. Indrek Saar, Manager of the Vilcon Ehitus OÜ said that the construction has proceeded very nicely so far: “We have tried to be as flexible as possible and keep in mind the needs of the client. At this point I would like to thank the client because the cooperation has been extremely friendly and reasonable, which has made everything very smooth.”
The user of the factory will be the company named Repston OÜ, which manufactures special metal construction solutions. “Repston’s main goal is to produce custom-made metalwork in the new facility. Currently, the company plans to produce a variety of metal parts for furniture, such as custom-made stair railings and other interior fittings,” said Taavi Kiisk, Construction Manager at Capital Mill.
Although the construction of the building will be completed as early as by February 2020, it is still necessary to install the equipment needed for metalwork. “Since Repston uses a variety of cutting-edge technologies, it takes extra time to install it all after the construction is finished. Therefore, the facility will be fully completed in the spring of 2020,” Kiisk noted.
Repston OÜ has invested a considerable amount of time and money into the building. According to Kiisk, it only looks like a traditional production building. “What makes it special is that the building will also house office facilities, which will have custom-made furnishings. In addition, the facade will be covered in weathering steel.” This was also confirmed by Indrek Saar, who said that the factory will be flashy and modern. “The building will be equipped with very modern technology and furnishings. In addition to the facade, we also plan to make the lighting very prominent.”
Various future plans have already been devised for the new building. “One idea is to build a solar power station on the roof. This would save the company a considerable amount of money because the solar power station will help reduce costs,” said Kiisk.
The traditional topping out ceremony at the new factory near Maardu took place yesterday afternoon; the architect connected to the building Anders Jaano, Capital Mill, Vilcon Construction and Repston representatives were invited.
Repston is engaged in the production of metal interior fittings, commercial furnishings, staircase guard rails, chandeliers and lighting fixtures, and metalwork. Repston has cooperated with international hotel chains Hilton, Radisson, Sokos, Scandic, and Ibis, as well as with clothing brands such as Levis, G-Star Raw.
Capital Mill OÜ was founded in early 2008 to help investors looking to acquire commercial real estate in the Baltic countries and increase their value through high-quality property management services. Capital Mill’s investment portfolio consists of a large number of sought-after business properties in Estonia, Latvia and Lithuania.
Additional information
Taavi Kiisk
Construction Manager
Capital Mill OÜ
Email: taavi.kiisk@capmill.eu
Phone: +372 5563 2004
