About the company
KAPITEL, known as E.L.L. Real Estate until November 2017, is one of the Baltics’ largest real estate companies, engaged mainly in managing office and commercial real estate projects in the role of developer, investor and property manager. We focus on long-term real estate investments, including retail, office and hotels.
KAPITEL operates in capital cities, and our workforce in our companies in Tallinn, Riga, Vilnius, Prague and Amsterdam is 50 strong. The volume of KAPITEL group’s assets has grown from 0.7 million euros in 1997 to a current 300 million euros. KAPITEL has invested some 400 million euros into real estate development projects in Tallinn, Riga, Vilnius and Prague, and plans to invest 30–50 million euros annually in years to come.
Originally founded in 1997, KAPITEL is 100% controlled by Estonian capital. The sole shareholder, AS Riverito, is also the majority shareholder in the Baltic States’ largest construction group, AS Merko Ehitus. Most of our development projects involved cooperation with Merko Ehitus in the design-build phases: this helps to ensure the high quality of the buildings in our portfolio.