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News
07
JUN
2018

Capital Mill celebrates topping-out ceremony at Saue Kuuseheki residential development project

Capital Mill held a topping out ceremony to celebrate the first apartment building of the new Kuuseheki residential development project in the town of Saue reaching its full height.

 

The apartment building at Kuuseheki 50, Saue, corresponding to Class A energy-efficiency label, has 3 floors and 48 apartments, more than a half of which have already found a new owner.

 

According to Capital Mill’s Development Manager Ahti Kiil, the Kuuseheki project is a good example of how quality, comfort, community spirit and good transport connections can be combined at affordable prices also in municipalities located near Tallinn.

 

“The big advantage of the Kuuseheki development project is its location in the town of Saue, which has a developed and feasible living environment, where, after moving in, one does not have to wait for kindergartens, schools or sidewalks being built in the future, as everything is already there,” said Kiili. “We have an excellent design and construction team, which makes it possible to build one of the first Class A apartment buildings outside Tallinn. While maintaining high quality, we keep the sales price below the average price level in Harju County. In addition to energy efficiency, strong emphasis has also been laid on effective layout solutions, interior decoration materials and a pleasant living environment (a large, green yard).”

 

The building is special as it uses solar panels to ensure maximum energy efficiency and to meet already today the more stringent construction requirements that will come in force in three years’ time. The developer of the Kuuseheki project is Nordecon AS and the total cost of the building is approximately 4 million euros.

 

According to Nordecon AS Board Member Ando Voogma, the construction is proceeding on schedule and the entire process has been running smoothly. “Construction of the Kuuseheki project has progressed in constructive cooperation with Capital Mill, the ambition being to reach the best possible solution,” said Voogma. “Kuuseheki is a well thought out development that meets the expectations of the most demanding prospective homeowner, both in terms of the price level, energy class and surrounding environment.”

 

The people who have bought their homes at Kuuseheki so far, have highlighted the established infrastructure, services and community in the town, as well as the fact that different shops, schools, kindergartens, catering facilities, etc. are within walking distance. The buildings will be linked to the central heating network, which, based on a comparative analysis, will provide residents with more stable and favourable heating costs than the alternatives.

 

In addition, solar panels located on the roof can help save on costs. The energy efficiency of the buildings is 100kWh/(m2 a). The buildings are ventilated by a central heat recovery ventilation system and heated by water heating floor system.

 

A fast connection to the centre of Tallinn is provided by the train and bus stops located within walking distance as well as a new road to be built, which will enable to drive to Tallinn even faster in the future.

 

The building is built on pile foundation; it has 3 floors; the total area is ​​4,155m² and net ​​area 3,500m². There are 48 2-4-room apartments in the house. The first apartment building of the Kuuseheki development project will be completed by the end of 2018.

 

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.

 

Nordecon Group includes companies focused on project management and general contracting in the field of construction of buildings and facilities. In geographical terms, the Group’s companies operate in Estonia, Ukraine, Finland and Sweden. The parent company of Nordecon AS is registered and located in Tallinn, Estonia. The Group’s consolidated, unaudited sales revenue in 2017 was 231 million euros. Nordecon Group currently employs nearly 740 people. Since May 18, 2006, the shares of the parent company are listed in the main list of NASDAQ Tallinn Stock Exchange.

 

 

Additional information:

Ahti Kiili

Development Manager

Capital Mill OÜ

ahti.kiili@capmill.eu

+372 582 52 262

www.capitalmill.eu