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Month: July 2023

Capital Mill is rapidly expanding its residential development activities in Viimsi

Capital Mill has acquired another residential development project in the Laaneserva area of Viimsi municipality. The goal is to build a residential block for more than fifty families in this promising area.

The company under the management of Capital Mill recently acquired six properties totalling approximately 25,600 square metres, the detail plan envisages the construction of 66 terraced house blocks.

‘This is an important deal with which Capital Mill further expands its portfolio in the field of residential development,’ said CEO of Capital Mill, Kaarel Loigu. ‘We believe in the sustainable development of this area and the value of the environment. That is why we purchased new development properties next to the Laaneserva development, which is already in construction.’

According to Kaarel Loigu, active construction is underway on the existing Laaneserva property, where the planned completion date of the terraced houses is the end of summer 2024. The building permit application process is ongoing for newly acquired properties.

‘Potential buyers have great interest in the new green residential area. This is also proven by the fact that we have already sold five homes in just a few weeks,’ said Kaarel Loigu. ‘As the developers, we see that residential development projects with a good perspective do not go unnoticed by customers, and there is no lack of demand from those interested in buying homes, despite the current state of the market, where inflation continues to be high and Euribor is on the rise. In many ways, this is a time of opportunities, and the need for high-quality real estate continues to motivate Capital Mill to continue its pursuits in this field.’

In residential development, Capital Mill is also active in the Laaneserva, Luise 13, and Jakobi 17 development projects

 

Additional information:

Kaarel Loigu

CEO of Capital Mill

kaarel.loigu@capmill.eu

+372 630 3700

Capital Mill started the construction of an apartment building at the Kassisaba area in Tallinn

This week, Capital Mill started the construction of a new apartment building at Luise St 13 of the Kassisaba area in Tallinn; the modern 14-apartment building made to fit the historical city area will be ready by the end of 2024.

“July of this year has been a busy housing development month for Capital Mill – while the beginning of the month saw the launch of the construction of private houses at the Viimsi Laanserva development, then this week, Grand Ehitus started the construction of the new Luise 13 apartment building in the historical Kassisaba area,” said CEO of Capital Mill Kaarel Loigu.

According to Kaarel Loigu, Luise Street 13 is a practical as well an exciting place to live. The surrounding areas include Old Town, Tõnismägi and Kristiine with shopping centres, parks and other establishments within a walking distance. “When living on Luise Street, you can run your daily errands car-free as the public transportation links are excellent,” said the CEO.

The Luise 13 apartment building is surrounded by historical wooden houses as well as slightly newer stone buildings. “Luise 13 is a joining link between different styles of architecture and fits perfectly into its surroundings,” said Kaarel Loigu. “It is a neighbourhood that is never dull and a building that’s unordinary. The neighbourhood is a good and convenient living area for families of varied sizes as well as for people who appreciate the proximity of the city centre and the historical milieu.”

The four-storey building has a reinforced concrete structure with wooden board exterior finishing and a rooftop covered with plantation in line with green thinking. The ground floor features parking spaces for cars as well as bicycles. There’s a children’s playground outside. The author of the architectural solution is Apex Ahitektuuribüroo OÜ.

Capital Mill’s other housing developments include Laaneserva, Väike-Taani and Jakobi 17 development projects.

Gallery: https://bit.ly/3pIytZQ

Capital Mill begins construction of the Laaneserva residential area in Viimsi Rural Municipality

This Monday, Capital Mill began construction of the Laaneserva residential area in Haabneeme Village, Viimsi Rural Municipality, where construction of new homes for a total of 36 families in a beautiful and private area will be completed by the end of summer 2024. This is a major residential development project for Capital Mill, which has previously focused on commercial real estate investments.

‘Capital Mill’s expansion into the field of residential development has got off to a successful start – sufficient interest has been shown towards the future residential buildings of Laaneserva, and the first bookings for terraced houses have also been made. This positive emotion offers a good place to start actual construction activities at the beginning of July. Located in a peaceful scenic area, and only a few minutes’ drive from the Viimsi Keskus shopping centre, the Laaneserva development presents a very attractive opportunity for a future home,’ said Kaarel Loigu, CEO of Capital Mill.

According to Kaarel Loigu, the terraced houses of Laaneserva – located inside a patch of forest and separated from each other by a courtyard – offer ample peace and quiet. The façade solutions and materials used in the buildings fit in well with the surrounding natural environment.

Particular attention has been paid to privacy with the placement of the buildings in the Laaneserva development, as the L-shaped buildings help to create a cosy and quiet courtyard with a play area offering activities for children of all ages. Consequently, the locations of the terraces are also in different directions relative to each other, granting maximum separation to future homeowners while allowing them to spend time privately with their families. The author of the architectural solution for the buildings is architecture firm AB Panda.

In May, construction company NOBE signed a contract for services with companies under the management of Capital Mill for the construction of four terraced houses, where a total of 36 terraced house sections will be built at the addresses Laaneserva tee 6, Laanelinnu tee 5, Laaneserva tee 8, and Laanelinnu tee 7 in Viimsi Rural Municipality. The total cost of the construction works is approximately EUR 6.8 million, excluding VAT.

Capital Mill is also active in the field of residential development with the Luise 13, Väike-Taani, and Jakobi 17 development projects.

Gallery: https://bit.ly/3InzFYH

+372 630 3700
property@capmill.eu

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