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Construction of the Easternmost hypermarket in Tallinn completed

The Rimi Hypermarket, erected at the Peterburi Road and Lagedi Road intersection on the border of Tallinn, makes the lives of the people departing from the capital city in the Eastern direction easier, by allowing them to do their shopping when they leave the buzz of the city.

The developer of the commercial building at Peterburi Road 98 is Capital Mill. It is an interesting fact to note that it is the last hypermarket-sized grocery and consumer goods’ store on the Narva highway before the border town Narva, when leaving Tallinn in the Eastern direction.

According to Igor Mölder, Capital Mill’s CEO, the Peterburi Road 98 commercial building sparked lively interest already before its completion because it fills a significant gap and offers people leaving Tallinn the opportunity of comfortable shopping.

“The new commercial building balances the development and the look of the area, because until now, this lot at the entrance to the capital was vacant. Now there is life there,” said Mölder. “The fact that it will be the last big store and service centre located on the Tallinn-Narva highway before the border town, speaks volumes. Every day, tens of thousands of people leave Tallinn in the Eastern, or by ring road, in other directions, and for them, the Peterburi Road 98 will be a convenient place to carry out their everyday shopping and run other errands.”

Major and important roads intersect near Peterburi Road 98, which ensures good connections with the industrial district at Vana-Narva Road, the Muuga Harbour, the Tallinn Ring Road, the Lasnamäe city district, and the Tallinn-Narva highway.

The closed net area of ​​the building is 3,871 square metres, of which 2,955.5 square meters will be used by Rimi to service customers and 729 square meters will remain for sub-tenants and general-purpose areas. In addition to the food and consumer goods’ retailer Rimi, there will be, among others, a Benu pharmacy, Jardin flowers, Caramira Pet Shop, Liha Expert’s butcher shop, and Pizza Levi Caffee operating in the building. Itella SmartPOST and Omniva will also have their parcel terminals on the premises.

“Competition at the Estonian retail trade landscape is tight and everyone is struggling madly to keep their market share and, if possible, increase it,” said Vaido Padumäe, Head of Rimi Estonia. “The Peterburi Road Rimi is our 8th hypermarket in Tallinn, but already 15th in the whole of Estonia. I believe we made a good investment by opening a new big store at the Peterburi Road business centre, because the centre is located next to a major highway connecting the roads leading into the city and out of the city. We have opened four completely new stores this year and three Rimi stores have undergone renovations. The Peterburi Road Hypermarket is the last brand new Rimi we will open this year.”

The Peterburi 98 Rimi store has a different interior design than the previous ones, with focus on Nordic simplicity. The interior of the store is more spacious, simpler and more modern. In order to minimize the ecological footprint, this and other Rimi hypermarkets use the most up-to-date and environmentally sustainable technology, from refrigerators to ceiling lights.

The architect of the Peterburi Road 98 commercial building is Ivo Rebane from architectural company Guru Projekt OÜ and the main contractor is Mitt & Perlebach OÜ.

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

Igor Mölder

Chief Executive Officer

Capital Mill OÜ

+372 504 2505

igor.molder@capmill.eu

www.capitalmill.eu

Press release: Rare objects dating back to pre-Great Northern War era (1700-1721) were discovered in the site of future skyscraper Skyon in Maakri Street

Capital Mill is developing the skyscraper Skyon in Maakri Street, Tallinn, and archaeological excavations are currently under way at the site. Over the past couple of weeks, rare coins, buckles and rings have been found, as well as a cannon ball and a unique piece of glazed stove tile.

Skyon, to be erected at Maakri Street 30, will be located on the left bank of the former Härjapea River, and instead of the present city centre, there was a suburb three centuries ago. In the depth of one and a half metres, in the 17th-century cultural layer, a house foundation was discovered during the excavations, and inside and around it, several historically priceless objects have been found.

Rivo Bernotas, Manager of Arheox OÜ, which conducts the excavations, says that dozens of coins have been discovered, which may indicate that the people living in the house then used to hide their fortune, for example, under the oven, but a part of the small treasure was left behind for some reason. The building itself was either destroyed or demolished.

“Every find is priceless, because it adds a small fragment to the history puzzle of Tallinn,” Bernotas said. “The most interesting findings have been, for example, a rare silver öre coin, minted in Tallinn; a gold coin scales’ weight, the like of which has never been found before, and a piece of a glazed stove tile, which has not been found before in Estonia either. Another special find was a brass knife handle, on the one side of which, there was the image of Holy Virgin Apollonia and on the other, that of Apostle Thomas.”

All findings will be cleaned, taken in for identification and stored in the University of Tallinn archaeology research collection, after which historians can synthesize and analyse data related to the findings. The excavations at the site of the future commercial and office building Skyon are conducted because it is a heritage conservation area, and preliminary studies carried out last year indicated that the soil is hiding a cultural layer dating back to the 17th century there.

“The ​​Maakri Street area, especially the right bank of the former Härjapea River, has been quite thoroughly researched thanks to a large number of new real estate developments, but each excavation and finding is special because it sheds light to another unknown episode,” Bernotas said. “The soil indicates that the area of ​​Maakri Street 30 plot used to be waterlogged in the Middle Ages, but in the 17th century, the area became permanently habitable and the first references to the buildings on the lot date back to that period.”

According to Capital Mill’s Construction Manager Silver Neemelo, the developer observes the excavations with great interest, as it becomes clearer every day what has stood in the past at the plot where the skyscraper will stand in the future.

“Skyon, with it’s unique exterior look, will adorn the centre of Tallinn for decades to come, but at the moment, we can find out what life was like here hundreds of years ago,” said Neemelo. “Upon Skyon’s completion, we want to display some of the items found here in our lobby, so that people working in the building and visiting it would see what has been here a long time ago.”

The height of the 26-storey Skyon, which will be erected at Maakri Str 30, will be 95 metres, making it one of the tallest buildings in the area. Skyon’s architecture follows the Scandinavian examples, combining the grandeur of the city centre with functionality and practicality.

Photos of the excavations can be found at https://bit.ly/2DUvVPD. The author of the photos is Urmas Kamdron.

Skyon’s special feature is its windows – with different shapes, sizes and layouts, which deliver a spectacular result while ensuring energy efficiency. LED light strips between the facade elements make the building stand out even in the dark. The eminent lobby of the office building is 11.5 meters high. The total rental space of the building is 8,200 m2. The total rental space of the largest, 2nd-4th floors is 1,813 m2 and these are more suited for larger companies. Starting from the 5th floor, the building is in the shape of a tower and the standard rental area of a floor starts from of 302 m2.

Skyon will be built according to the high requirements of the LEED Gold certificate of environmental sustainability. Despite the fact that the size of the smallest offices starts from 34 square meters, such offices also offer everything necessary for comfort and functionality: a room for 4 workspaces and for meetings of 4 people, a toilet, and it will be possible to add a compact kitchenette with a sink and a refrigerator. The underground floors contain parking spaces, as well as rooms for bicycles, toilets and showers.

Rough design pictures and photos of the presentation events can be found in Dropbox at https://bit.ly/2I31yrc. The presentation events’ author is Kalev Lilleorg, the rough design was created by KOKO Architects and 3D rendering by White Mammoth. The development project’s homepage 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 generate 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

Silver Neemelo

Construction Manager

Capital Mill OÜ

silver.neemelo@capmill.eu

+372 5343 5040

www.capitalmill.eu

Press release: Capital Mill is the best logistics and industrial sector real estate developer in Estonia

Capital Mill, a leading property investment company in Estonia, won the first place in the logistics and industrial sector category of the Real Estate Survey compiled by the prestigious economic and investment magazine Euromoney.

Over the past year, Capital Mill has completed or will soon complete several important projects in this sector. For example, the factory building of one of the largest electronics industries in Estonia, Éolane Tallinn, the headquarters building of the Tradehouse beauty department store, the Rimi Hypermarket at the end of the Peterburi Road, and the production and office building of the window manufacturer Fenster.

According to Igor Mölder, CEO of Capital Mill, Euromoney’s recognition reflects the fact that the company has made the right strategic decisions as well as the dedicated work of the company in the logistics’ and industrial sector.

“For Capital Mill, this kind of international recognition is a great honour,” said Mölder. “Each of our developments is a tailor-made project and is completed in close cooperation with the client from the early planning stages on. This way, we provide the partner with the best possible solution for their needs, which supports the achievement of business goals and ensures the best possible working environment.”

Over the past few years, Capital Mill has achieved consistently high positions in the Euromoney survey in its focus areas. For example, last year, the company achieved the 2nd place in both the overall rankings and in the mixed and office space developments’ category.

According to the CEO, the results of the Euromoney survey, organized for the 14th year in a row, are highly valued because the final ratings are based on a survey of real estate advisers, developers, investment managers, end users and bank managers, or in other words, this is feedback from clients, industry experts and competitors.

Euromoney is a leading international financial magazine that organizes surveys among business leaders in 160 countries to identify best real estate advisers, developers and banks across countries and regions.

Capital Mill OÜ was founded in early 2008 to help investors looking to acquire commercial real estate in the Baltic countries and generate 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

+372 504 2505

igor.molder@capmill.eu

+372 630 3700
property@capmill.eu

© Capital Mill 2019

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