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Kaarel Loigu to become CEO of Capital Mill

With 20 years of banking experience, Kaarel Loigu is set to take charge of Capital Mill, which is looking to expand its reach in the Baltic Republics, with his goal being the sustainable management and development of the company.

Igor Mölder, who has led the company for 12 years, will be focusing even more on the development of sales, strategy and other companies belonging to the CM group.

‘Capital Mill has grown rapidly in recent years, but we want to build an even stronger and more ambitious company. We have reached a stage where greater emphasis must be placed on sustainable management and the development of the company,’ said Mölder. ‘Leading Capital Mill requires a highly ambitious and broad-minded person, one who understands our company, real estate and banking. Kaarel is a professional who is not afraid of challenges or work, knows how to motivate people and wants to contribute 110 per cent to achieving goals. We are pleased that such a person has joined our team.’

Loigu is a top manager with 20 years of banking experience, who spent the last three years heading the Corporate Finance Department at Coop Pank.

‘The challenge of participating in the success story of Capital Mill is, of course, a great one. I believe that I can successfully use my long-term banking and management experience. In my opinion, Capital Mill is a strong player in the real estate market, and it is certainly important that it is a comprehensive and ambitious company. I see an excellent opportunity to increase business volumes in cooperation with a strong team in all three Baltic Republics, and possibly in other countries as well,’ said Loigu.

Capital Mill is looking to expand its operations in all domestic markets in Estonia, Latvia and Lithuania in the coming years. The company’s most outstanding development in recent years is the 26-storey commercial building on Maakri Street, and the 95-metre-high commercial building Skyon, which will be opening its doors on 26 August.

However, the most striking difference setting the skyscraper apart from the rest of the cityscape is its unique in the Baltics coloured glass façade, which will consist of 898 coloured elements when completed. SKYON is being awarded a LEED Platinum certificate in accordance with one of the most well-known environmentally friendly evaluation systems, and a number of smart technological solutions have been used in the building to help make it sustainable and environmentally friendly.

Capital Mill OÜ was founded in early 2008 to help investors looking to acquire commercial real estate in the Baltic Republics 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 a large number of highly regarded commercial buildings in Estonia, Latvia and Lithuania.

Additional information:

Igor Mölder

Capital Mill

Igor.Molder@capmill.eu

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