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News
14
NOV
2018

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