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Capital Mill have received the Sports Friend 2023 title

The Ministry of Culture together with EOC have announced the laureates (both private persons and organisations) of Sports Friend 2023 title. This year the title was awarded to Alexela, Capital Mill, CF&S ESTONIA, Jetoil, E-Piim, Rimi Eesti, Lõunakeskus, Mr. Anders Anderson, Mr. Jüri Käo, and Mr. Mart Lajal.

The Sports Friend award was founded in 2019 by the Ministry of Culture and Estonian Olympic Committee in order to acknowledge the rendered support. The title is a way to show gratitude to all those who made a sizeable contribution to the area of either professional sports or health-promoting training, supported the organization of sporting events thus promoting a healthy and active society.

Thanks to Estonian Wrestling Federation for doing the main work!

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

 

Press-release: A birthday party at Tornimäe! Daniel Levi, Henrik Kalmet, and Kristjan Järvi got the crowd going

For the Skyon skyscraper’s first birthday, a lively yard party took place, offering delightful music, delicious food and most importantly – fun and food for thought. The crowd gathered at Tornimäe was entertained by several well-known performers.

The renowned conductor and composer Kristjan Järvi and Henrik Kalmet shared inspiring thoughts on executive work. ‘How to inspire through leadership? It is easy to complain and not bother – it pays to be the role model who goes, does, and takes risks. Creating a team atmosphere, share laughter and positive energy – this is something everyone wants to be part of,’ said Järvi.

The CEO Capital Mill, the building’s developer, Kaarel Loigu joined the company briefly before the opening of the building, which is why the birthday is an even more important event for him. ‘You could say that I found myself in the epicentre immediately when I joined the company – exciting times were ahead for both me and my colleagues in connection with my new position and the opening of the building. In my eyes, Skyon is definitely one of the flagships in real-estate development, and I believe I am speaking for everyone working in the building when I say that we are proud of the green solutions that have been implemented. Environmentally friendly standards also helped us get closer to the LEED Platinum certificate we were able to hang on our wall in April,’ said Loigu.

Daniel Levi trio and DJ Fieldz took care of the music, setting the mood in the courtyard in the heart of the city. Anyone who wanted, received the opportunity to participate in the house tour and see what has been done with the building from an environmental point of view. Food trucks provided delicious food for all guests.

Capital Mill OÜ was founded in early 2008 to help investors looking to acquire commercial real estate in 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. Capital Mill manages are numerous highly valued commercial buildings in Estonia, Latvia, and Lithuania.

GALLERY (Karli Saul): https://bit.ly/3Ahe53n

Additional information:

Kaarel Loigu

CEO of Capital Mill

kaarel.loigu@capmill.eu

+372 503 2845

Press release: The embedding of a time capsule marks the inauguration of a Logistics Centre expansion project implemented by Capital Mill

In cooperation with the developer and investor Capital Mill, an inauguration ceremony for the AS Antalis Logistics Centre expansion project took place on 16 June in Stopiņi Parish, Ropaži District. The event was attended by representatives of the municipality, constructor and developer, marking the important expansion of the warehouse, appreciating the building’s sustainability and embedding a time capsule in its foundations for future generations.

The investor and developer Capital Mill is an Estonian investment company investing in commercial real estate in Latvia, Lithuania and Estonia. The company manages a number of projects in the Baltics with a total asset value of approximately EUR 450 million. Since 2017, more than EUR 51 million has been invested in the Latvian market. According to Capital Mill Real Estate Development Project Manager Valdis Silnieks, “Antalis is an ambitious, stable and growing company, so we are delighted to build on our current warehouse expansion and provide our tenant with solutions that meet contemporary requirements.”

Antalis has been operating in Latvia for 29 years. The company’s team currently consists of 70 employees, operating in five sectors: papers, materials for printing and office, hygiene products and solutions for public spaces, visual communication materials and equipment, as well as products, materials, equipment and solutions for packaging. As the company has evolved over time and always strives to stay one step ahead of customer and partner expectations, the expansion of the Logistics Centre is the next step for the company and the developer Capital Mill, which will open new opportunities in product range expansion and customer accessibility, especially in the promising area of packaging products, materials, and solutions. The total warehouse area of the Logistics Centre will be an impressive 10000 m², thanks to the addition of an extra 3300 m².

“We are pleased that Antalis has been operating in Stopiņi Parish for more than 20 years and continues to steadily grow and develop. Every development of the company is an added value for the municipality and our residents, providing jobs. Moreover, the company is socially responsible and is a long-standing cooperation partner of the municipality – we are all happy about the oaks planted in Līgo Park on the occasion of the company’s 20th anniversary, and there has been good cooperation with Ulbroka School of Music and Art in the implementation of various projects. We are very grateful for this and wish to continue this stable and sustainable growth!” said Vita Paulāne, Ropaži District Council Chair.

The project inauguration event was also attended by the building’s constructor Mitt&Perlebach for which this is the first project in Latvia in partnership with Capital Mill. “We have been working on this new and modern warehouse project for some time, and I am really pleased to see the start of construction. Our cooperation with Capital Mill has been very smooth and professional during the design phase, and I trust that this will continue during the construction phase. Even though the situation in the construction market is still uncertain, I am confident that we will meet all our commitments and deliver the building to the client on schedule,” explained Mitt&Perlebach CEO in Latvia Allan Mahkvei.

The Logistics Centre expansion project has also been awarded the BREEAM (“Building Research Establishment Environmental Assessment Method”) certificate for its design stage. This prestigious recognition certifies that the building meets the highest standards of energy efficiency and sustainability, providing the friendliest solutions for both the environment and people. This type of building assessment is internationally recognised and is currently the most widely used system in Europe, including Latvia and the Baltic States. “We are delighted to be working with Capital Mill in the sustainable building sector – it is very gratifying that even in such challenging times, sustainability remains an asset in both construction and renovation work. We would like to thank the whole team for the successful cooperation during the design phase so far – we look forward to working on the construction of the building,” said Aļona Purvlīce, Senior Sustainability Consultant at VESTA Consulting and international sustainable construction assessment scheme BREEAM assessor.

The construction of AS Antalis expanded Logistics Centre will be completed by the middle of 2023. We invite you to keep track of the project’s news on the homepage of the developer and investor Capital Mill.

 

For additional information, please contact:

Ieva Grīnerte

Capital Mill CEO in Latvia

ieva.grinerte@capmill.eu

+37129477391

www.capitalmill.eu

Press-release: The owners of Capital Mill bought Rappel centre in Rapla and the Maxima in Ahtme

Last week, the owners of Capital Mill – Igor Mölder, Marko Kull, Tanel Samuel, and Aleksandra Samuel bought the biggest shopping centre in Raplamaa, Rappel, from Fausto Capital, and the Maxima supermarket properties in Ahtme. The value of the transaction is around 14 million euros.

‘Adding the modern retail spaces located in Rapla and Ahtme to the Capital Mill portfolio supports the company’s expansion strategy in every way. We are always on the lookout for investment opportunities in all Baltic states and the investing portfolio we manage has been in stable growth throughout the company’s existence,’ said the CEO of Capital Mill, Kaarel Loigu.

According to Kaarel Loigu, the current economic situation has grown complicated, unpredictable, and made foreign investors anxious. This is also the reason for the halt or temporary putting on hold of large real estate transactions. ‘We see great opportunities here since the situation favours local investors’ activity in making transactions,’ Loigu stated.

Sven Mihailov, one of the shareholders of Fausto Capital, says that the decision to sell was made due to the wish to direct focus mainly on the development of commercial real estate, especially the development of the new phases of the Fahle business quarter created in the area of the historic paper mill.

Fausto Capital was advised on the transaction by the law firm RASK. The transaction was coordinated by SUPPA Advisers, a partner of the Savills Group in the Baltics. The purchase of the retail spaces in Rapla and Ahtme was financed by LHV and Bigbank.

‘Investors in Capital Mill’s business volumes and activity expect financial partners to react quickly and on flexible terms, this fits well with Bigbank’s vision and ambitions,” said Aimar Roosalu, the Head of Estonian Corporate Banking Unit at Bigbank. According to him, the Estonian economy has reached a phase, in which investment decisions are difficult to make. ‘Then again, it is relatively convenient for the bank to finance the purchase of well-located retail space, since such objects can withstand different economic cycles,” Roosalu added.

The size of the Rappel centre property, completed in 2012, is almost 16 000 square metres, and the closed net area reaches 5293 metres. The size of the Ahtme Maxima property, completed in 2015, is 7465 square metres and the closed net area is 3600 square metres.

Capital Mill was founded in 2008. The company is focused on investments in commercial real estate in the Baltics, and today, the portfolio volume reaches 485 million euros. The founders and partners of the company is a team of lengthy experience in real estate and banking. Capital Mill manages several highly regarded commercial buildings in Estonia, Latvia, and Lithuania.

 

Additional information:

Kaarel Loigu

CEO of Capital Mill

kaarel.loigu@capmill.eu

+372 503 2845

Press release: Citadel is financing Skyon high-rise building with 30 million euros

Citadele Bank and Skyon developer Capital Mill signed a long-term financing agreement of 30 million euros. The purpose of the loan is to refinance the loan for the construction of the high-rise building Skyon and to finance other development activities of Capital Mill.

The Skyon high-rise was completed in August last year and was awarded the highest international certificate (LEED Platinum) for energy efficiency. The LEED certificate is an internationally recognized certification system developed by the US Green Building Council. To earn the certificate, a building can get points in five different areas: sustainable construction, water efficiency, energy efficiency, materials and resources, and indoor environment quality.

Skyon, with its outstanding architecture and design, was quickly booked fully with tenants, including several companies from the IT, legal, financial and other industries. Among them Tuum, BaltCap, the Estonian Banking Association and Capital Mill themselves.

“We are extremely proud of Skyon because we have succeeded in creating here technological solutions that support environmental protection and energy saving. The LEED Platinum certificate is also a proof that we have moved in the right direction, being innovative and bold in fulfilling our goals,” said Kaarel Loigu, CEO of Capital Mill. According to Loigu, such achievements increase the value of real estate and give reassurance to the client and the public that the high requirements set for the building have been met.

Smart energy solutions and a distinguished exterior design allow Skyon to save a significant amount of energy that would otherwise be generated by a similar high-rise building. There are places for employees to charge their electric cars, bicycle parking and a time tracking system in the stairwell that motivates people to walk and even creates a competitive moment between them.

Vaidas Žagūnis, Citadele Board Member and Head of Corporate Banking in the Baltics, noted that strong Citadele presence in the Baltics helps to serve such clients as Capital Mill in the way they require and expect from their financial partners. “Our key asset is an individual approach and local expertise in providing financial services. As a bank, we highly value the professionalism of Capital Mill, which has strong knowledge of the entire sector,” said Žagūnis. “We see that Capital Mill has a great vision, not only in Estonia but throughout the Baltics, and we are very pleased to be part of their development plans.”

Kaarel Loigu, CEO of Capital Mill, added that the Citadele loan will first refinance Skyon’s construction loan and the rest will be used to finance the groups other investments. “We have set ourselves the goal of creating good living environments that are sustainable also in the future. The cooperation with Citadele has been extremely business-accommodating and we are pleased to say that they came along with our ambitious plans, being very cooperative and solution-oriented. Like us, Citadele is strongly represented in all Baltic countries. In the future, we want to put more emphasis on real estate projects also in Latvia and Lithuania in order to increase Capital Mill’s portfolio in these countries,” Loigu explained.

About Citadele Bank

Citadele aims to bring innovation to the Baltic banking sector and offer more opportunities for people and companies to use banking services.

In addition to day-to-day banking services, Citadele offers services based on financial technology, including a modern mobile app and delay and flash payments. Citadele was the first in the Baltics to introduce a name payment, e-identification for opening an account and payment rings supporting prompt payments.

Citadele Group is a Latvian financial group headquartered in Riga. The Group’s subsidiaries and branches operate in Latvia, Lithuania and Estonia.

Capital Mill have pledged their support to a Nordic combined athlete Kristjan Ilves!

Capital Mill has been supporting young talented athletes for years, and we are happy to announce that we have now set out to another journey, this time with an Estonian ski athlete, Kristjan Ilves! We are lending a helping hand to Kristjan in his competition season of 2022/2023.

PRESS RELEASE: Roo Prisma was ceremonially put under rafters

Today, an important milestone in the building of Roo Prisma was celebrated in Harku – the rafters. The developer of the building, Capital Mill, has set the goal of making the building environmentally friendly and its life cycle as long as possible. Prisma and Harku parish also share the same value, the latter deems it important for future development projects as well. 

The Roo Prisma construction work began in August 2021, and the building will be ready this autumn. “The location of the Roo Street is logistically very favourable as well as human-friendly, since the centre will have good connections to both cycle and roadways. Paldiski Road and Järvekalda Road will be in the centre’s immediate vicinity, thanks to which more visitors will find their way to the centre,” said Silver Neemelo, Construction Manager at Capital Mill, the building’s developer. 

The total volume of investment in the new store is approximately six million euros. The building is designed as an energy class A building and other environment-related aspects have been accounted for as well. The store is cooled by a refrigerant that does not damage the ozone layer, and the ventilation systems use the principle of heat recovery, which helps to save energy. Solar panels are planned for the roof of the building, and the centre’s parking lot will be built ready for electric car charging stations. 

According to the parish mayor, Harku parish values sustainable solutions. “In the case of new development projects, we ask the developers to design electric car charging stations near stores already today, since it helps reduce the ecological footprint. It is great that with today’s electricity prices, which probably will not go down in the future, the developers themselves are looking for energy-efficient solutions to help minimize fixed costs,” said Harku parish mayor Erik Sandla. 

With the opening of Roo Prisma, Prisma Peremarket will create over 20 new jobs in Harku, which also supports the community’s development. “Recruiting has already begun and people are welcome to contact us,” said Prisma Estonia’s Country Manager Teemu Kilpiä. “Opening the Roo Prisma store in the Harkujärve district is very welcome since it is a rapidly developing district. Roughly 400 residential units are planned there, of which a little over a hundred have been built today. We would also be glad, of course, if the people of our own parish could get a job there, close to home,” the parish mayor added. 

The new centre will be built in a developing area near Lake Harku, and the total area will be 3300 m2. In terms of product selection and preferences, Prisma will take into account the local people’s wishes. “All customers have the opportunity to voice their opinion on what Roo Prisma’s product selection should include on the Prisma website. We want to offer the best everyday shopping environment in terms of product selection, quality, as well as price,” Kilpiä emphasized. 

Capital Mill was founded in 2008, focused on investments in business buildings located in the Baltic states. Altogether during its years of activity, the company has made investments with a total value of nearly 400 million euros. 

Prisma Peremarket AS has been operating in Estonia since 2000. Across Estonia, the chain has eleven stores that, along with support units, employ nearly 900 people. Prisma is the store chain with the broadest selection and the most affordable shopping basket in Estonia, ePrisma has is the online store with the largest selection in Estonia. Prisma Peremarket is a member of the commercial group S-Group operating on the Finnish and Estonian markets. 

 

Photos (Kalev Lilleorg): https://bit.ly/rooprisma

Additional information:

Silver Neemelo

Capital Mill OÜ

silver.neemelo@capmill.eu

+372 534 350 40

 

 

PRESS RELEASE: The Skyon office building was recognised with the highest international certificate

Capital Mill announced today that the Skyon office building on Maakri Street was awarded the internationally recognised LEED Platinum certificate. According to CEO Kaarel Loigu, Skyon is a leader in construction culture and quality. 

The LEED certificate is an internationally recognised certification system developed by the US Green Building Council. In order to receive the certificate, the building can earn points in five different areas: sustainable construction site, water efficiency, energy efficiency, materials and resources, and quality of the indoor environment. Additional points can also be awarded for design. The Platinum certification awarded to Skyon is the highest recognition followed by Gold, Silver, and Classic certifications.  

In addition to Skyon, five other buildings in Estonia have received the Platinum certification, but the 95-metre Skyon stands out from the others in terms of its height. The certificate was issued in an international evaluation and the building received a significant 84 out of 110 points. Skyon is the first commercial building in Estonia to be issued the certificate on the basis of renewed conditions, which are significantly stricter than before. 

According to Kaarel Loigu, CEO of Capital Mill, such achievements increase the value of real estate and give reassurance to the client and the public that the high requirements set for the building have been met. According to Loigu, certificates are also becoming increasingly important for banks, as more and more attention is being paid to the green transition and the valuing of the environment. ‘As the best possible solutions are used in the design and construction phase of the building, we can be sure that the life cycle of the building will be as long as possible,’ commented Loigu.  

The certificate promises to increase the value of the building in the eyes of international investors as well. ‘This greatly helps us with investors, as they get a clear understanding and assurance about the building thanks to the internationally recognised and valued certificate, which is also a third party confirmation regarding the compliance of the building with high requirements,’ said Loigu. 

In the process of applying for the LEED certificate, Capital Mill worked with Forus Haldus, one of the largest real estate management, maintenance, and energy efficiency companies in Estonia. According to Teet Raudsep, Chairman of the Management Board of Forus Haldus, LEED-certified buildings have significantly lower maintenance costs and an environmental footprint, increasing the well-being of the users of the building. ‘The fact that the documentation of the building is in order and the construction process is transparent is also important. This makes it much easier to manage the building and sell it if you wish,’ added Raudsep. 

Among others, companies such as Coop Pank, BaltCap, Vaimo, Tuum, and the Estonian Banking Association operate in the office building. Capital Mill itself has taken over the top floor. The most important difference in the Baltic cityscape of the high-rise building is the unique coloured glass facade, which consists of 898 coloured elements. The architectural solution of Skyon was created by the internationally renowned KOKO architects.  

The Navigator office building, which was previously managed by Capital Mill, received a Gold certificate in 2014, and in 2016, the Explorer commercial building was also awarded the Platinum certificate.  

Capital Mill is a company established in 2008 which is focused on investment in business buildings in the Baltic states. The total value of the investments made in the years of operation of the company amounts to almost 400 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 (Kalev Lilleorg): https://bit.ly/LEED_sertifikaat

Further information:

Kaarel Loigu

Capital Mill tegevjuht

kaarel.loigu@capmill.eu

+372 503 2845

 

+372 630 3700
property@capmill.eu

© Capital Mill 2019

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