Capital Mill logo

Month: October 2023

Press release: Capital Mill held the rafter party of the Laaneserva residential area in Viimsi

On Thursday, the rafter party was held in the Laaneserva residential area developed by Capital Mill in Haabneeme Village, Viimsi. By the end of the summer of 2024, thirty-six new homes will be built in the secluded area with beautiful nature.

‘The construction works of the Laaneserva residential area have hit the ground running – excavation works started this July and we have now reached the point of being able to remove the rafter wreath from the first building, said Kaarel Loigu, executive manager of Capital Mill. ‘We would like to thank the NOBE construction company for their good work, as well as the first buyers of the new homes. He are glad that the benefits offered by this beautiful natural area is appreciated by home-buyers and they value the sustainable and high-quality construction solutions in these A energy class row houses. This development project does not merely involve construction of buildings, but also contributes to the creation of a healthy micro-environment which promotes the community.’

‘We believe in the potential of this area, which is why we chose those locations for new green developments. Now is the best time for buying a new home, as only of few of such development projects are currently added to the market and the increase in the value added tax next year will also have an impact on property prices,’ admitted Kaarel Loigu.

Privacy was especially prioritised in choosing the locations of the houses of the Laaneserva development, as the L-shaped buildings help to create a cosy and quiet courtyard with a playground, where children of all ages will find plenty to do. Based on this principle, the terraces are also facing away from one another, allowing the future home-owners to spend time on their own and with their families as privately as possible. The architectural solution of the buildings was created by the AB Panda architecture bureau.

In May, the NOBE construction company concluded a contract for the construction of four row houses with companies managed by Capital Mill. In total, thirty-six apartments will be built at the addresses of 6 Laaneserva tee, 5 Laanelinnu tee, 8 Laaneserva tee, and 7 Laanelinnu tee in the Viimsi rural municipality. Ten million euros before value added tax is invested in the project.

In the field of residential property development, Capital Mill is also involved in the development projects at 13 Luise St. and 17 Jakobi St.

Capital Mill is a company established in 2008, which is focused on property investments in the Baltic States. Its current portfolio reaches 500 million euros. The team of the company has many years of experience in the field of property development. Capital Mill manages a number of highly regarded properties in Estonia, Latvia, and Lithuania.

Gallery: https://bit.ly/3PTQFc1 

 

Additional information:

Kaarel Loigu

Capital Mill, Executive Manager

kaarel.loigu@capmill.eu

+372 630 3700

Press release: Prisma supermarkets built by Capital Mill received LEED certificates for environmental sustainability

Tiskre and Maardu Prisma supermarkets, which opened their doors last year on the commercial premises built by Capital Mill, received LEED certificates for meeting strict environmental sustainability standards. These are the first supermarket-type buildings in Estonia that have been certified.

‘Of the commercial buildings developed by Capital Mill in Estonia, six buildings have now received the LEED environmental certificate. Of these, two LEED certificates were added last week to recognise compliance with environmentally sustainable building standards in the construction of commercial spaces as well,’ said the CEO of Capital Mill, Kaarel Loigu.

According to Kaarel Loigu, A-energy class buildings with sustainable solutions have become a new mandatory level for the developer, and Capital Mill wants to go every step of the way in terms of certification requirements by thinking green. On the other hand, the LEED certificate indicates quality, which helps find tenants for buildings or get better financing conditions.

During LEED certification, the building receives points in different categories, where one of the important indicators is the building’s energy use – heating, cooling, and the consumption of electricity. According to Kaarel Loigu, Maardu Prisma and Tiskre Prisma use environmentally friendly refrigeration equipment. They use natural and water vapour-free refrigerant, which has an ozone depletion coefficient and a very low impact on global warming. For more efficient use of energy and heating of the building, residual heat from the same cooling system is used.

Forus, a company that contributes to safety and sustainability, helped the Prisma supermarkets achieve the certificate, by acting as partner and consultant throughout the process. Kairi Nõulik, Head of the Forus Energy Efficiency department, said that the most environmentally friendly way to heat a building is to use efficient district heating or ground source heat pumps, which have a lower CO2 footprint, instead of fossil fuels. For example, Maardu Prisma is located in an efficient district heating area, and this earned the building extra points for certification.

Kairi Nõulik also stated that she considers the two supermarkets’ lighting system to be one of the most efficient in commercial buildings today. In addition to the measures mentioned above, solar panels were installed on the roof of Tiskre Prisma.

Maardu Prisma, located at Keemikute tee 43, was opened in the summer of 2022. The size of the investment was approximately 4.5 million euros. A charging point for electric vehicles was also built next to Maardu Prisma. Tiskre Prisma, located at Liiva tee 61, opened its doors last autumn. The total investment for the establishment of this centre was nearly 4.5 million euros.

Photos of the Prisma supermarkets: https://bit.ly/3RNAaRd

 

Additional information:

Kaarel Loigu

CEO of Capital Mill

kaarel.loigu@capmill.eu

+372 630 3700

+372 630 3700
property@capmill.eu

© Capital Mill 2019

➤