There is excitement in the air on our Skyon construction site as some of the most intriguing glass façades in the city is taking shape and growing each day. The façade of our new office building will span over 4000 m sq. The façade is being mounted using the system of fastening elements, 898 elements in total.
Have a look at what Capital Mill’s construction manager, Silver Neemelo, has to say about the latest developments:
We are pleased to announce that Skyon office building has reached the height of 4 storeys and would like to welcome everyone to discover the daily progress made at the construction site. At the current stage, walls are being filled with concrete, which means that the emergence of the building’s façade is a question of the next few months.
You can see what our new office building has to offer here: https://skyon.eu/en/
It was only last year that Repston OÜ (specializing in making bespoke furniture and manufacturing of metal and steel elements) commissioned Capital Mill to develop a project of a new production and office building just outside Tallinn, in Liivamäe. As the founder and CEO of Repston OÜ has mentioned previously, the Repston trademark are complex and elegant quality wooden and metal elements of interior. The new production premises are a huge step forward for the company as they allow for a great opportunity to employ the latest leading technology in the field.
We are happy to announce that production equipment is being installed, set up checked at the moment. The last finishing touches are also about to be completed. The building is to be handed over in May 2020.
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.
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
Valdemara Centrs, a business centre on the main artery of Riga, Latvia, gained a new owner with a contract signed on September 25. Swedish company Eastnine bought the building managed by Capital Mill for 25 million euros.
Capital Mill, the leading Estonian real estate investment company, has been managing Valdemara Centrs since 2013. During this time, many investments have been made to improve the quality of the building, such as the complete replacement of the building’s automation and improved energy efficiency. As a result, the value of the building increased and the business premises of the building were filled with tenants.
Capital Mill’s partner Marko Kull said that given the value of the building today, the steps taken to improve its quality have clearly been successful. “We have been able to significantly increase the value of the building during the time it has been managed by Capital Mill, so today’s transaction is a great acknowledgement of our work. The building’s owners now have a good opportunity to realize the revenue and invest it in new projects,” he noted.
According to Kull, he is especially pleased to see that Eastnine, which has long-term experiences in the field, has become the new owner of the building. “Eastnine chooses their investments extremely carefully. We are very pleased that the new owner of the building will be a good and experienced company with a strong reach in the field, and the skills to manage and develop the business centre further,” he said.
Valdemara Centrs is one of the first modern business centres in Riga. The business centre in the Old Town has a total floor area of 8,500m² and more than ten international tenants operate there, including Rimi, Workland, Colliers, Oracle, Sorainen, PwC. The sales transaction of the centre was assisted by real estate brokerage firm Newsec and by law office FORT Legal.
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. The founders and partners of the company comprise a team with long-standing real estate and banking experience. Capital Mill’s investment portfolio consists of a large number of sought-after business properties in Estonia, Latvia and Lithuania.
Additional information
Marko Kull
Partner
Capital Mill OÜ
Tel: (+372) 524 5665
Email: marko.kull@capmill.eu
Repston OÜ, a metalwork and custom-made furniture production company, is building a new production facility brimming with cutting-edge technology in the Liivamäe village near Tallinn, in order to meet the growing demand of international customers. The cornerstone of the new building was laid yesterday.
The industrial and office building developed by Capital Mill will be completed in 2020. According to Edwin Jakobson, the founder and CEO of Repston, the export-oriented company will move from its current premises covering about 1,000 square meters to space nearly four times bigger and the majority of the equipment will be replaced.
“Repston’s trademark is high-quality, striking-looking, and highly sophisticated metal and wooden interior design elements. With the new production facility, we are taking a leap into the future because we shall be using the absolute cutting-edge technology in our field. The total cost of the investment is nearly EUR 2 million,” said Jakobson. “Thanks to our excellent production and good sales work, we have made our name in Europe. The volume of orders is constantly increasing, and the undergoing innovations will enable us to keep up with time and stay competitive.”
With the new building, it is also important to improve and expand the working conditions as well as to increase the number of jobs. The capacity of the current plant is 30 employees, but in the new one, this number will double. In addition, Repston’s own products will be used in the plant’s interior design, thus demonstrating the capabilities of the plant. The proximity to the existing production facility and the opportunity to expand activities played an important role in choosing the location.
“It was important for us to have the new facility in the same area as the existing plant, which is located near Maardu; thus the workers will not have to make major changes in their lives,” Jakobson said. “In addition, we can expand our production here and will launch the production of wooden furniture in the building to be erected on the adjoining lot next year. We plan to cover the roofs of production facilities with solar panels in order to provide for up to 50% of our annual electricity demand.”
Capital Mill’s Construction Manager Taavi Kiisk said that Repston is an ambitious company and a tailor-made complete solution will be provided to them with the erection of the new plant.
“Repston’s new building will be completed in close and constructive collaboration with the customer in order to provide a solution that will meet their needs in the best possible manner not only now but also in the future,” said Kiisk. “We have created all the necessary conditions for Repston to continue to grow in the coming years, both internally and externally. The construction that started in mid-May has proceeded as planned, and we will be able to hold the topping-out ceremony of the building at the beginning of the autumn and complete the construction next year.”
The new office and production facility of Repston will be built by Vilcon Ehitus OÜ, whose CEO Indrek Saar says they are pleased to witness the development of a modern production and office facility from the stage of an idea to full completion.
“I believe that approaching the project in this form will yield the best result both for the contracting authority and the lessee, meeting their needs with modern solutions,” Saar said. “This is the first cooperation project with Capital Mill for Vilcon Ehitus, and it is a great pleasure to work with a professional developer.”
Repston is engaged in the production of metal fittings, commercial furnishings, staircase guardrails, chandeliers and lighting fixtures as well as metalwork from laser cutting to powder coating.
Repston has collaborated with international hotel chains Hilton, Radisson, Sokos, Scandic, and Ibis as well as clothing brands such as Levis, G-Star Raw. Cooperation partners include shopping centres located in Russia such as TSUM and GUM, and the Helsinki-Vantaa Airport in Finland. For the latter, Repston made all custom-made design furniture used there.
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. The founders and partners of the company comprise a team with long-standing real estate and banking experience. 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
5563 2004
www.capitalmill.eu
Capital Mill’s environment-friendly office building by the Järvevana Road in Tallinn has a potential of becoming a trendsetter for working environments away from the city centre hustle and bustle, offering a number of eco-friendly solutions.
The Järvevana Road 7B office building stands out with its several unexpected features, from the collection of rainwater that is used as utilities water, to solar panels and energy-storing design.
According to Igor Mölder, Managing Director of Capital Mill, Järvevana Road 7B is a pioneering office building project not just in Estonia but also in the wider region, supporting a change of mindset towards a nature-friendly and high-quality working environment.
“Capital Mill’s business and success is based on close cooperation with tenants, in order to create the most suitable and high-quality conditions for them. Be Hepsor praised and thanked for launching this project. The goal of our company is always to go a step further and create a working environment that takes into account not only the practical needs of workers, but also the wider surrounding area. Järvevana Road 7B perfectly fits into the vicinity of the Lake Ülemiste both in content and form,” said Mölder.
Solar panels have been installed on the roof of the Energy Class A building, in order to reduce the monthly costs, and nearly 75% of the building’s utilities’ water is collected rainwater. The biggest special feature of the building is the first energy-storing structure ever seen in Estonian office buildings. Järvevana Road 7B is also the largest office building in Estonia, that has the heating and cooling solutions based completely on a geothermal heating system, with a 10,000-metre geothermal heating piping system installed in the ground.
One of the biggest tenants of Järvevana Road 7B is Toyota Baltic AS, which replaced its former city centre office with the green areas of Ülemiste. According to Marek Maide, Board Member of the company, they looked carefully for new premises, because in addition to the reasonable price and up-to-date conditions it was also important that the building had to meet Toyota’s fundamental values.
“Toyota is guided in its activities by its commitment to sustainability, with a goal of creating sustainable and safe products while caring for nature and the environment. In practice, one of the manifestations of this has been the development of environmentally sustainable automotive technologies such as hybrid and hydrogen technology, which has by now reached the stage where we see a change in people’s mindset and its expression in sales volumes,” Maide said. “Toyota’s environment-friendly and innovation-oriented way of thinking has to be expressed at all levels of our activities.
Therefore, one of the most progressive office buildings in Estonia, based on the ecological concept, fitted well with Toyota’s own values. We exchanged the benefits of the rental space in the city centre happily for Järvevana 7B, where smart solutions and caring for nature are the key notions.”
The project initiated by Hepsor OÜ reached the Capital Mill portfolio in its final stage. Capital Mill, which with its Navigator and Explorer commercial buildings set the standard for the port area that is developing into the business centre of the capital city, considers the Järvavana Road 7B building an example, which has a quality that all companies looking for office space a bit away from the city centre should demand.
“Järvevana Road 7B provides maximum energy efficiency by combining unique solutions, while guaranteeing also low auxiliary costs and a good indoor climate,” said Mölder. “A smart employer knows that work can be effective only if the conditions for doing it are of high quality. Adding low costs to the equation, the result can be better than just the sum of the addends.”
The total rental area of Järvevana Road 7B amounts to nearly 5,900m2; the size of the property is nearly 10,700m2. The biggest among the 18 tenants are Toyota Baltic, Atea, and Ridango.
Mitt & Perlebach OÜ did the construction work of the building under the management of the developer Hepsor. The architectural bureau Pluss developed the architectural solution.
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. The founders and partners of the company comprise a team with long-standing real estate and banking experience. The company’s investment portfolio consists of a large number of sought-after business properties in Estonia, Latvia and Lithuania.
Additional information
Igor Mölder
CEO
Capital Mill OÜ
504 2505
igor.molder@capmill.eu
www.capitalmill.eu
Skyon, a skyscraper with outstanding architecture at Maakri Street in the heart of Tallinn, developed by Capital Mill, has been issued a building permit. The construction process, that will last for two years, will begin in the first quarter of this year.
The height of the 26-storey Skyon to be erected at Maakri 30 will be 95 meters above ground, making it one of the tallest buildings in the area. Skyon’s slim and slender architecture follows the Scandinavian role models, combining city centre respectability with functionality and reasonability.
According to Silver Neemelo, Construction Manager of Capital Mill, the building permit is a long-awaited message of joy that enables to start with the construction of the ambitious high-rise building.
“Preliminary work to start the construction of Skyon is in the final stages and we are ready to launch construction in the coming months,” said Neemelo. “In the autumn, we carried out archaeological excavations at the site of the future skyscraper, where rare coins, buckles, rings and other objects from the 17th century were discovered. We covered with this a small gap in the capital city’s history, and now we are ready to take a prominent place in the Tallinn skyline.”
Skyon will be built according to the high requirements of the LEED Gold certificate for environmental sustainability, which continues the path that the Navigator and Explorer commercial buildings in the port area started.
An energy-efficient, architecturally attractive building with high-quality office space has been designed and will be constructed following the modelling design or BIM (building information modelling) methodology. BIM makes it possible to minimize design-induced construction failures, which in turn reduces construction costs and unnecessary wastage. In addition to conventional drawings, all construction information is reflected in detail also in 3D models, which can be viewed and used by all parties connected to the building.
“Tornimäe is a special and prestigious location that places high expectations on every new building. Our ambition is not only to respond to them, but to bring quality here, which would become a new standard,” added Neemelo. “For Capital Mill, an excellent working environment is important, because only this way, work efficiency can be guaranteed. The high-level architecture created by KOKO architects, which is combined with smart and energy-efficient engineering systems, contributes to this.”
The distinctive feature of Skyon is that it has windows of various shapes, sizes and layouts, which yield a dynamic result in both the exterior and interior, while ensuring energy efficiency. The LED light strips between facade elements create an impressive image in the dark. The main entrance is 11.5 meters high at the corner of Maakri and Tornimäe streets and a distinguished lobby extends through three floors.
Skyon is the ideal choice for small businesses looking for modern, high-quality, affordable office space in the city centre. The total rental area of the building is 8,200 m2. The rental space on the building’s 2nd-4th floor is 1,813 m2, which makes this space suitable for larger companies. In the tower, starting from the 5th floor up, the standard floor’s rental space is 302 m2.
Skyon’s higher floors offer a special view over Tallinn, which small businesses often cannot afford.
The smallest office sizes start from 34 square metres and these have all the amenities and functionalities needed for an office: space for 4 workstations and 4 people for meetings, a toilet, and in addition, it is possible to rent an office with kitchen furniture. Underground floors include parking spaces and rooms for bicycles, toilets and showers.
Sketches can be found in Dropbox at http://bit.ly/Skyonpildid. The sketches have been created by KOKO architects and 3D rendering by White Mammoth. The development’s website is located at www.skyon.eu.
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. The founders and partners of the company comprise a team with long-standing real estate and banking experience. The company’s investment portfolio consists of a large number of sought-after business properties in Estonia, Latvia and Lithuania.
Additional info
Silver Neemelo
Construction Manager
Capital Mill OÜ
+372 5343 5040
