Uncategorized Archives - Capital Mill

PRESS RELEASE: Capital Mill Celebrates Topping-Out Ceremony of Grünbergi Maja Residential Building

Today, Capital Mill held the topping-out ceremony for Grünbergi Maja, a new residential development in the heart of Tallinn, marking the completion of the building’s structural framework and reaching its maximum height. Located at Jakobi 17, the architecturally striking building will feature 17 spacious apartments designed to meet the needs of modern families.

“The topping-out ceremony is a symbolic milestone in the construction process. We’re pleased that the development of Grünbergi Maja is progressing on schedule and that we’ll soon be able to offer high-quality new homes right in the centre of Tallinn,” said Capital Mill’s Head of Construction, Taavi Kiisk.

“The focus of this development is primarily on three- and four-room apartments, which are in short supply in the city centre,” Kiisk added. “With Grünbergi Maja, our goal is to create spacious and well-designed living spaces for those who want to enjoy the convenience of downtown city life without compromising on space or quality of living.”

As of today, only one four-room apartment remains available at Grünbergi Maja — a clear sign that the development, which blends seamlessly into its surroundings, has been very well received. A selection of three-room apartments ranging from 66 to 74 square metres is also still available.

Named after a once-renowned local baker, Grünbergi Maja is located in a logistically attractive and peaceful area on Jakobi Street. It is within walking distance of schools, gyms, shopping centres, and the Tallinn bus station — a location that offers both the energy of city living and the privacy of a quiet residential area, making it ideal for families and active urban dwellers alike.

Construction began in October 2024 with completion scheduled for the end of 2025. The main construction partner is Unico Eesti OÜ, the architectural design was created by Panda Architecture Bureau, and the technical design was provided by Keskkonnaprojekt OÜ.

Grünbergi Maja is part of Capital Mill’s residential development portfolio, which also includes the Laaneserva townhouses in Viimsi, Luisenthal Butiik residences in central Tallinn, and the Telliskivi 8 development right on the cusp of Pelgulinn and Kalamaja.

PRESS RELEASE: A New Milestone! The Toyota Center, being developed by Capital Mill and Amserv, the largest in the Baltics, has reached its full structural height

Capital Mill, together with Amserv Tallinn and Tallinna Ehitustrust, celebrated the topping-out ceremony today for the new Amserv Auto Center. The joint project, located in Rae municipality, will become the largest Toyota dealership in the Baltics and is set for completion by summer 2026.

“Construction has progressed swiftly – we broke ground earlier this spring, and we’ve now reached the stage where we can place the traditional wreath atop the future flagship Amserv center,” said Silver Neemelo, Head of Construction at Capital Mill.

According to Neemelo, the construction team has done an excellent job so far – the building’s structural framework is complete, and work on the roof is currently underway. He emphasized that the partnership with Amserv goes beyond just erecting a new building. “This is a step into the future, where architecture, functionality, and responsibility go hand in hand.”

The upcoming 12,000 m² facility will house showrooms and service areas for both new and pre-owned Toyota vehicles, as well as repair bays, warehouses, and a parking garage. Designed in line with Toyota’s latest global standards, the building’s construction puts a strong emphasis on energy efficiency and sustainability, intending to achieve LEED Gold certification and an A-class energy rating.

“The topping-out ceremony is a symbolic milestone for us – it shows we are firmly on the path toward a future that includes a modern service environment and a strong customer experience,” added Rene Varek, CEO of Amserv Group.

Marek Maide, CEO of Toyota Baltic, praised Amserv’s continued commitment to developing the Toyota service network. “Amserv’s new dealership is a prime example of how strong partnerships and ambitious vision can create something that delivers real value to both customers and the wider region.”

The new Amserv dealership, located at Vägeva tee 2 in Rae municipality, is scheduled to open in the summer of 2026. It forms part of the company’s broader investment strategy – new centers were opened in Paide and Pärnu at the beginning of 2025, and in the coming years, Amserv will focus on developing even larger and more environmentally conscious service centers across Estonia.

PRESS RELEASE: Tapa to Get a Sports and Leisure Center with a Swimming Pool

Today, the city of Tapa, the Estonian Centre for Defence Investments, and AquaTapa OÜ, a company managed by Capital Mill, signed a concession agreement to establish a sports and leisure center with a swimming pool in Tapa. Construction is scheduled to begin next spring, with the building expected to be completed by 2028 at the latest.

Magnus-Valdemar Saar, Director General of the Estonian Centre for Defence Investments (RKIK), stated at the signing that the agreement will also allow members of the Tapa military base to use the future center —conscripts, active-duty personnel, and NATO allies—for sports, training, and rehabilitation.

“I’m pleased that years of preparation have brought us to this major milestone. The city of Tapa will gain a modern leisure center featuring a swimming pool, the result of strong cooperation among the state, local government, and the private sector. This partnership enables us to create more than just a pool, but a new center offering a variety of sports and recreational activities for both military personnel stationed in Tapa and the local community,” added Saar.

The planned center will feature an eight-lane swimming pool, a beginner training pool, a relaxation area with saunas, a gym, and a dining area that includes a sports bar.

According to Maksim Butšenkov, Chairman of the Tapa Municipal Council, the new center represents more than just a building—it is an investment in the health of residents, in new jobs, and the overall development of the town and municipality. “The long and difficult road full of obstacles and expectations has finally led to success—today, we opened a new chapter in the history of Tapa. Alongside the swimming pool, we’re also creating a true sauna experience with traditional birch whisking—an important cultural request we specifically included in the project requirements to honor the traditions of Tapa residents and the region’s history. I hope the pool and sauna become a place we’ll want to return to again and again—a space that brings together sport, social connection, joy, and fresh ideas,” Butšenkov added at the signing.

Silver Neemelo, Head of Construction at Capital Mill OÜ, expressed hope that the Tapa sports and leisure center will become a community hub that brings together people of all ages and backgrounds. “We’re sincerely pleased to contribute to the development of Tapa and the entire region. We see this project as having a significant impact on regional development and on strengthening national defense readiness. Collaborations like this create lasting value,” added Neemelo.

The establishment of the Tapa sports and leisure center will provide opportunities for conscripts and active personnel of the 1st Infantry Brigade, as well as NATO allied forces stationed in Tapa, to utilize the center for training, education, competitions, rehabilitation, and leisure activities.

The building’s right of superficies will be granted for 50 years, and the developer is obligated to provide sports services for a minimum of 20 years.

Press release: Telliskivi Is Evolving! Capital Mill’s Apartment Buildings Enter a New Stage of Construction

The work on the two apartment buildings of Capital Mill in Telliskivi area has begun. Representatives of the builders and partners laid the cornerstone today for the buildings now in progress. A home with a total of 12 apartments will be developed in this unique ultimate value area, combining the lively Kalamaja atmosphere with the peaceful vibe of Pelgulinn.

“For new housing development to be successful, it needs to take into account the traditions and spirit of the area where it’s located while at the same time progress according to today’s needs and ideals,” Capital Mill’s CEO Kaarel Loigu said. “The streets are surrounded by an environment that can only be found in this part of Tallinn, of which locals and tourists are quite fond of,“ added Loigu. ”We are building two unique apartment buildings in Telliskivi that suit many different lifestyles. The street-facing building will be rebuilt, retaining its historic façade, while the building in the courtyard will be a new building from the ground up. The result is a cozy and complete living environment with a range of layouts adaptable to a couple or a single person, a young and larger family,” says Loigu.

The address of Telliskivi 8 brings you the highest standard of urban living — Telliskivi Creative City, Balti Jaama Market, tempting restaurants, as well as galleries are located just a stone’s throw away. At the same time, the green space, bicycle lanes, and a serene inner courtyard offer a peaceful and private living environment.

“There are not many projects on the outskirts of Tallinn city center where a new development would so naturally blend into the historical city fabric. Telliskivi 8 has received a significant amount of interest already in the presale period, thanks to its location. Many of the courtyard building’s apartments are already under contract. The larger apartments, which are also particularly secluded and well-planned, are targeted at families with children, says Loigu. The present real estate market is buyer-friendly, he said, indicating banks are ready to dole out home loans, the criteria for loans have relaxed, and interest rates are at their lowest in years.

Construction of Telliskivi 8 was commenced in March 2025 and is scheduled for completion in January 2026. Construction is being performed by Remart Ehitus OÜ, and the project is implemented together with DVF Estate OÜ.

Besides Telliskivi 8, Capital Mill is currently looking for new homeowners for the Lanneserva row houses, Luisenthal Boutique and Grünberg House, offering people looking for a new place a chance to find their perfect home in Tallinn in a variety of neighborhoods.

Capital Mill awarded its namesake scholarship for the second year in a row

Last week, we awarded our namesake scholarship for the second time, and this year’s recipient is Tekla Liisa Vilberg, a master’s student at Tallinn University of Technology. Congratulations!

Tekla Liisa stood out with her thoughtful and comprehensive approach, focusing on sustainable solutions to make both new buildings and renovations more environmentally friendly—starting from the early stages of planning and design. Her work also explored the concept of a green quarter, a vision we at Capital Mill are pursuing in cooperation with the City of Tallinn in the development of the new Maakri district. In addition, she emphasized the importance of green certification systems, which we also consider essential for promoting sustainability.

The Capital Mill scholarship is valued at €3,000 and is awarded to an outstanding master’s student in the School of Engineering at Tallinn University of Technology. The scholarship is administered through the university’s Development Fund.

We are proud to support future engineers who are shaping tomorrow’s urban spaces with intelligence and responsibility!

PRESS RELEASE: In collaboration with DVF Estate OÜ, Capital Mill has commenced the construction of two apartment buildings on the border of Telliskivi and Pelgulinn.

Real estate developer Capital Mill is building two new, distinctive apartment buildings in the Telliskivi district. Construction has recently begun. A total of 12 apartments will be completed in this sought-after neighborhood, which is characterized by the vibrant atmosphere of Kalamaja on the one side and the tranquility of Pelgulinn on the other.

At 8 Telliskivi, the building facing the street will be lovingly renovated and reconstructed, while the inner courtyard building will be built from scratch. The two buildings will create a cohesive and cozy living environment, offering a range of floor plans to suit different lifestyles and needs.

“The Telliskivi area remains one of the most attractive residential environments in Tallinn, with its popularity staying high due to the neighborhood’s diverse atmosphere, cultural life, and good infrastructure. The concept of the street-side and courtyard buildings offers both urban living and a more private setting, thus adding to the value for both homeowners and investors,” said Kaarel Loigu, CEO of Capital Mill.

In addition to the well-being of residents, Capital Mill is also committed to environmentally friendly solutions in the construction of homes. The new buildings will have solar panels to produce cleaner energy and reduce the ecological footprint. New homeowners will also have the option to order a personalized electric car charger, as the parking lot is ready with the necessary wiring. A convenient bike parking area and a children’s playground are planned for the inner courtyard.

Construction has just begun with its completion scheduled for the winter of 2025. The construction work is being carried out by Remart Ehitus OÜ.

In addition to the Telliskivi 8 development, Capital Mill is currently selling residential properties at Laaneserva row houses, Luisenthal Butiik, and Grünbergi Maja, offering a wide range of homes in different neighborhoods of Tallinn.

Capital Mill has signed a collaboration agreement with the Estonian startup DoBu!

We’re excited to announce that we’ve started a collaboration with the Estonian startup DoBu. This management platform is designed to simplify homeowners’ daily lives, allowing them to forget about bulky paper documents and instructions that gather dust. With AI-based technology, homeowners can quickly access information on how to use various technical devices, maintenance schedules, and what to do when warranty issues arise.

The Laaneserva Homes in Viimsi is our first project, and we’ve started using the DoBu management platform. It’s great to see that, in such a short time, homeowners have already embraced the platform, sought help, and received the necessary answers from the AI. This creates a genuine win-win situation, enhancing client communication while significantly reducing our team’s workload.

Laaneserva became Estonia’s first residential area with eco-friendly asphalt

For the eco-friendly asphalt solution, we collaborated with the local wood chemistry developer Fibenol.

“Capital Mill is always seeking sustainable solutions because we understand that our actions have a profound impact on today’s society and future generations. The collaboration with Fibenol in installing eco-friendly asphalt is part of our long-term strategy to incorporate as many sustainable solutions as possible in our developments. Small steps together create significant change, which we must address today, not tomorrow. As developers, it is our duty to create an environment that supports a holistic and sustainable lifestyle,” comments Kaarel Loigu, CEO of Capital Mill.

Watch the video to see what eco-friendly asphalt is and why its installation is an important step in residential development:

In eco-friendly asphalt, the fossil-based binder bitumen is replaced with lignin, making the asphalt significantly more environmentally friendly compared to conventional asphalt. Even during installation, instead of the usual smell, you can immediately notice a mild, natural scent. Lignin is a binding agent found in wood that protects the tree from external environmental impacts. In hardwoods, the lignin content ranges from 20-30%. By extracting lignin from wood, it can be used as a raw material in the chemical and materials industry.

In the video, Deputy Secretary General for Environmental and Circular Economy at the Ministry of Climate, Ivo Jaanisoo, Fibenol’s External Funds Coordinator, Reet Nõmmoja, and Capital Mill’s Construction Manager, Taavi Kiisk, discuss the eco-friendly asphalt solution and future plans.

Laaneserva is a residential development project completed in summer 2024 near the Viimsi Open Air Museum.

TalTech scholarship competition: Kaarel Loigu presented the Capital Mill scholarship to Daniel Tootsman!

Daniel Tootsman, who studies building design and construction management, earned the Capital Mill scholarship at TalTech’s spring scholarship competition! Capital Mill awarded the scholarship in the field of construction and planning within the Faculty of Engineering for the second year in a row.

“Daniel stood out because his vision of the development trends for buildings and structures over the next 15 years largely aligns with our vision. During his studies, he has also shown dedication and ambition, which he will undoubtedly bring with him when he enters the sector,” explains Capital Mill’s CEO Kaarel Loigu, why Daniel was chosen.
“Daniel also expressed a desire to do a design internship with us if possible,” envisions Kaarel potential closer cooperation with Daniel in the future.

Applicants for the scholarship had to present their vision of what the major development trends or changes in buildings and structures could be over the next 15 to 20 years.

Kaarel believes that successful companies should always take the opportunity to show that they care: “For us, it is a sign of a company’s maturity and part of responsible behavior in society as a whole. It is also an opportunity and willingness to invest in young people who are creating the future for all of us.”

Press release: Capital Mill Capital Mill held the rafter party of the Luise 13 residential project

Last Thursday was the perfect time to hold a rafter party at the site of the Capital Mill’s latest residential development project – Luise 13. It is safe to say that this exclusive 14-flat building located in Tallinn’s Kassisaba area is to be completed by the end of the year 2024.

„The construction works at Luise 13 have been moving swiftly according to plan. We have come so far since last July when the first bucket of ground was dug, that it is high time to bring the wreath down,“ said Capital Mill’s Chief Construction Manager, Silver Neemelo. „We want to express our sincere gratitude to the construction team of Grand Ehitus for their work and thank our future home buyers as well.“

According to Silver Neemelo, it’s nice to see that the city centre hasn’t lost its appeal as a place to live, build a home or invest in. We meant to create the Luise 13 project that would be at the heart of everything essential for a comfortable daily life. The Old Town, Tõnismägi and Kristiine districts are all just a short walk away, which means that there are shopping malls, schools and kindergartens, parks, and other important institutions nearby. Luise 13 is being created to become a go-between among all the architectural styles around it and to seamlessly blend into its surroundings.

„The last two years have been both challenging due to the tough situation on the market and exciting,“ said Silver Neemelo who added that an average home-buyer today seems to be acutely aware of their wishes, needs, and financial means at their disposal. „The most-searched for are economical homes with the emphasis on details, the layout and the overall environment.“

The architectural profile of Luise 13 was created by the leading specialists of Apex Arhitektuuribüroo – Ove Oot, Janar Blehner, and Signe Kits.

Capital Mill is a company established in 2008, which is focused on property investments in the Baltic States. Its current portfolio reaches 500 million euros. The team of the company has many years of experience in the field of property development. Capital Mill manages several highly regarded properties in Estonia, Latvia, and Lithuania.

Gallery (by Kalev Lilleorg): https://bit.ly/4axCC4W

Luise 13 exteriors: https://bit.ly/43VhB1z

Additional information:

Silver Neemelo

+372 5343 5040

Capital Mill OÜ

silver.neemelo@capmill.eu

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Category: Uncategorized