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Press release: Capital Mill received the Smart Contracting Entity 2022 award at the annual construction sector conference

Capital Mill, the leading real estate developer in the Baltic States, received the Smart Contracting Entity 2022 award issued by the Ministry of Economic Affairs and Communications for the construction of the unique Skyon business and office building at the most important annual conference of the construction sector, Ehitus 2023+.

‘The Skyon building is an excellent example of how well-thought-out terms of reference and the trust and successful cooperation between the team lead to a high-quality and outstanding building. I am happy to see that there are visionary architects, innovative engineers, experienced builders, and smart contracting entities in Estonia. We must work to ensure that value-based procurement becomes standard practice in both the private and public sectors,’ said Minister of Economy and Infrastructure Riina Sikkut.

‘For Capital Mill as the developer, building Skyon in the heart of Tallinn was a responsible task, as we wanted to create a truly special building – a unique and exemplary landmark in its integrity and environmental friendliness. We succeeded, and that is probably why Skyon caught the eye of others in the construction industry. I want to thank everyone who contributed to Skyon and who voted for Capital Mill in the Smart Contracting Entity competition,’ said Silver Neemelo, Chief Construction Manager of Capital Mill.

The purpose of the Smart Contracting Entity competition is to inform society about the importance of a smart contracting entity in the development of the construction sector in Estonia and to value the contracting entities who contribute to this.

Built in accordance with the requirements of the LEED Platinum standard, the 26-story Skyon building uses a number of smart technological solutions that make it sustainable and environmentally friendly. Nearly 900 coloured glass panels of different shapes and sizes give a unique look both for the interior and exterior of the building, but at the same time take into account the distribution of light throughout the day. The façade protects against excessive solar radiation, while allowing the people in the building to enjoy the view of the city.

The digital operator created by R8 Technologies helps to save energy and money spent on heating and ventilation as it uses cool night air for pre-cooling during the warm summer months and reduces the amount of energy spent on ventilation, cooling, and heating when employees are at home. All technical systems are remote controlled.

The architectural solution of Skyon was created by KOKO architects and the building was built by Tallinna Ehitustrust.

Capital Mill is a company established in 2008, which is focused on investment in commercial buildings located in the Baltic States. Its current portfolio reaches 500 million euros. The founders and partners of the company are a team with long-term real estate and banking experience. Capital Mill manages a number of highly regarded commercial buildings in Estonia, Latvia, and Lithuania.

 

Photos of Skyon, photographer Kaupo Kalda: https://bit.ly/3GXOgKE

 

Additional information:

Silver Neemelo

Chief Construction Manager of Capital Mill

Silver.neemelo@capmill.eu

+372 5343 5040

 

Press release: Capital Mill expanded AI-based energy management in its real estate portfolio

The expansion of the cooperation between Capital Mill, the leading real estate developer in the Baltic States, and R8 Technologies, a technology company, enables the management of various objects in Estonia, Latvia, and Lithuania at a new green level with the help of artificial intelligence-based energy management, bringing with it significant energy savings.

‘We have been enjoying the smart and environmentally friendly solutions offered by the R8 Digital Operator in the Skyon office building with our tenants for more than a year. Pursuant to the new cooperation agreement, we will further expand the use of R8 artificial intelligence in our real estate portfolio and bring three objects in Estonia, two in Lithuania, and one in Latvia to a new green level,’ said Kaarel Loigu, CEO of Capital Mill.

According to Kaarel Loigu, Capital Mill is currently using the R8 digital operator to manage a total of approximately 38,000 square metres of rental space on four sites.

‘The R8 energy management technology, which can be quickly implemented in every commercial building, improves the indoor climate of buildings and helps to save on energy costs,’ said Siim Täkker, CEO of R8 Technologies. ‘It is a digital operator whose experience grows as a result of continuous development activities of top scientists. It not only collects various data, but uses it for smart energy management of the building around the clock, providing a tool to meet increasingly strict green requirements.’

Siim Täkker added that the Capital Mill buildings are technically advanced, making it easy to interface the R8 Digital Operator working on the basis of artificial intelligence. In this way, the energy management tool offers the greatest effect to both the building manager and the tenants.

Capital Mill is a company established in 2008, which is focused on investment in commercial buildings located in the Baltic States. Its current portfolio reaches 500 million euros. The founders and partners of the company are a team with long-term real estate and banking experience. Capital Mill manages a number of highly regarded commercial buildings in Estonia, Latvia, and Lithuania.

R8 Technologies is a technology company which is focused on the energy and real estate sectors. R8 Technologies has created intelligent energy management software for buildings, which is easy to use, quick to install, and does not require additional investments. The R8 Digital Operator is an artificial intelligence that controls the technical systems of modern commercial buildings, keeping in mind three main parameters – better indoor climate, higher energy efficiency, and longevity of technical systems. The average energy saving achieved by the R8 Digital Operator is more than 20%.

Additional information:

Kaarel Loigu

CEO of Capital Mill

kaarel.loigu@capmill.eu

+372 503 2845