Marja tn 3 development project in Tallinn. Total plot size 2559 m2, building right 1185 m2; 100% business. Enforsed detail plan.
Building rights 1185 m²
Enforsed detail plan
Total plot size 2559 m2
UMPA have consulted the owners of Tammsaare Business Centre in investment and agency services. The Property is one of the largest ownstanding office property in Tallinn with more than 24 000 m² leased space. With A-class quality and well connected location in suburb this property makes outstanding stabile cash-flow investment.
24 000 m²
UMPA was retained by Aareal Bank to advise the sales procedures of the historical office building Journalist House in Tallinn. Journalist house was bought and managed by Irish investors who exited the investment in cooperation with the bank. UMPA advised client with project material, investor search and transaction management.
UMPA advised reconstruction of the former Statistics Board into modern office building. Consultancy included the transaction advisory, concept development, architectural planning advice, planning and realising sustainable solutions, project management, attraction of the financing and brokerage. Building houses the new Centennial Hotel Tallinn.
Hotel and Business Center
UMPA acted as exclusive advisor to DNB Bank in selling the distressed property portfolio. Part of the portfolio an unfinished retail and offfice building was sold on Vabaduse pst in Tallinn. Building waiting for completion is located on Via Baltica on highly visible location that gives a strong potential for it to develop into a landmark of the area. Retail and office building shall be completed mid year 2017.
Retail and offices
UMPA have advised one of the largest logistcs developer in Estonia in transaction management and development consultancy. Jüri Tehnopark is one of the best located logistcs areas near Tallinn. The area is constantly growing both in volume and the range of activities and services. Park consists of 100 000 m² building rights and properties have been put to the market as cash-flows after commissioning and stabilising the cash-flow.
UMPA acted as an advisor to Finnish retail chain MOTONET in finding a first location for department store in Estonia. Motonet Department store is located at Tähesaju City retail park in Lasnamäe. UMPA was an advisor to site search, contract negotiations and transaction management.
Retail and offices
UMPA has advised the owner of Baltem AS with preparation of the sales prospect, investor search and transaction management.
UMPA acts as an advisor from the early stage concept development to the tenant commissioning of a retail center in Lasnamäe, the highest populated suburb of Tallinn.
Development of the 6444m2 center was completed in the April 2016 and the anchors to this neighbourhood center are Selver hypermarket and MyFitnes gym operator.
6 444 m²
UMPA acts as an advisor from the early stage concept development to the tenant commissioning of the old open market to modern retail center in city center of Pärnu.
Development of the 3000m2 retail project will be completed in 2017 and the anchor to this neighbourhood center will be Rimi hypermarket.
Property GBA: 2 946 m2
Parking places: 25
Year of construction: 2007
Number of tenants: 14
Cash flow object on Vana-Tartu mnt, 2 min drive from Tallinn airport. Commercial building consists of office premises and warehouse. Construction year 2007, buildings are in very good condition. Property owner rights exchange frees up extra space which is possible to rent out and increase cash flow. 19 tenants
Plot size 14 238 m²
Building net area 5091 m²
9% yield (p/a)
Rixwell Old Town Hotel a Historical hotel in the heart of Old Tallinn. Situated on the border of the Old Town of Tallinn on Lai street 49. Close to the sea and a few minutes walk from the Passenger Port. The hotel is managed by Mogotel Hotel Group under the Rixwell brand.
Building area 1232 m2
Vironia Shopping center rental area is approx 9 575 m2. The anchor tenants is strong and known Baltic retail chains. The property have a dominant position in location.
Steadily growing visitors traffic. Regional bus terminal are located on the property, extension possibility.
Rental area is approx 9 575 m2.
The property have a dominant position in location
The legendary cinema building in the very heart of Tallinn centre has opened its doors after substantial renovation to once more become the most advanced IMAX cinema in the Baltic states. Nowadays Kosmos IMAX has three screening halls. The largest, accommodating 322 viewers, is called IMAX after the technology in use.
Building area 5 923 m2