11.12.2007

A new office building was completed in Sõpruse puiestee, Tallinn

The real estate development company ELL Real Estate and the construction company Merko Ehitus completed an office building, Sõpruse Ärimaja, which is as big as two football fields, in Sõpruse avenue in Tallinn. According to ELL Real Estate, all the rental areas are already occupied.

Sõpruse Ärimaja, which has five floors and 12,500 square meters of rental area, was built by AS Merko Ehitus. In addition to the office premises, the first floor of the building has commercial premises and a restaurant. A parking lot with 350 parking spaces was built for the building.

Among others, the following companies will move to Sõpruse puiestee 145, Tallinn 13417: –          SWECO Projekt AS, which is now, after a merger, the biggest project design company in the Baltic States –          telecommunication company Elisa Eesti AS –          food producer Valio Eesti AS –          construction company Gustaf Tallinn –          construction material producer Henkel Makroflex AS –          Kalle Rõõmuse architecture bureau –          insurance company QBE Kindlustuse Eesti AS.

Furthermore, E-Lux Kodutehnika OÜ, which sells the home appliances from Electrolux; the door producer Ukse ABC; and Amip Eesti AS, which operates the Tulering fireplace salon, will set up their activities in the Sõpruse Ärimaja.

“The lessees have started to move in. The building was mostly sold out or booked already during the topping-out ceremony,” said Jaan Sild, sales manager of ELL Real Estate. “No matter what the situation is like with the apartments and residential buildings, the demand for commercial premises continues to be high in Tallinn,” added Sild.

ELL Real Estate (www.ell-realestate.com) is a real estate development company based on Estonian capital, which started its activities in 1997 and operates in Estonia, Latvia and Lithuania. Among the bigger objects being completed are the shopping and entertainment centre Panorama in Vilnius (rental area ca. 52,000 m², date of completion: autumn 2008), 14-storey office building Delta Plaza in Pärnu mnt 141, Tallinn, the date of completion of which is November 2008 (rental area ca. 11,500m²) and Rannamõisa Business House (rental area ca. 21,000 m²).

Additional information:

Jaan Sild

ELL Real Estate, sales manager

Telephone: +372 6 805 404

GSM: 56 805 404

jaan.sild@ellkinnisvara.ee

http://www.sopruse145.ee/