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PRESS RELEASE: Capital Mill is aiming for a change of mindset with eco-friendly office building

Capital Mill’s environment-friendly office building by the Järvevana Road in Tallinn has a potential of becoming a trendsetter for working environments away from the city centre hustle and bustle, offering a number of eco-friendly solutions.

The Järvevana Road 7B office building stands out with its several unexpected features, from the collection of rainwater that is used as utilities water, to solar panels and energy-storing design.

According to Igor Mölder, Managing Director of Capital Mill, Järvevana Road 7B is a pioneering office building project not just in Estonia but also in the wider region, supporting a change of mindset towards a nature-friendly and high-quality working environment.

“Capital Mill’s business and success is based on close cooperation with tenants, in order to create the most suitable and high-quality conditions for them. Be Hepsor praised and thanked for launching this project. The goal of our company is always to go a step further and create a working environment that takes into account not only the practical needs of workers, but also the wider surrounding area. Järvevana Road 7B perfectly fits into the vicinity of the Lake Ülemiste both in content and form,” said Mölder.

Solar panels have been installed on the roof of the Energy Class A building, in order to reduce the monthly costs, and nearly 75% of the building’s utilities’ water is collected rainwater. The biggest special feature of the building is the first energy-storing structure ever seen in Estonian office buildings. Järvevana Road 7B is also the largest office building in Estonia, that has the heating and cooling solutions based completely on a geothermal heating system, with a 10,000-metre geothermal heating piping system installed in the ground.

One of the biggest tenants of Järvevana Road 7B is Toyota Baltic AS, which replaced its former city centre office with the green areas of Ülemiste. According to Marek Maide, Board Member of the company, they looked carefully for new premises, because in addition to the reasonable price and up-to-date conditions it was also important that the building had to meet Toyota’s fundamental values.

“Toyota is guided in its activities by its commitment to sustainability, with a goal of creating sustainable and safe products while caring for nature and the environment. In practice, one of the manifestations of this has been the development of environmentally sustainable automotive technologies such as hybrid and hydrogen technology, which has by now reached the stage where we see a change in people’s mindset and its expression in sales volumes,” Maide said. “Toyota’s environment-friendly and innovation-oriented way of thinking has to be expressed at all levels of our activities.

Therefore, one of the most progressive office buildings in Estonia, based on the ecological concept, fitted well with Toyota’s own values. We exchanged the benefits of the rental space in the city centre happily for Järvevana 7B, where smart solutions and caring for nature are the key notions.”

The project initiated by Hepsor OÜ reached the Capital Mill portfolio in its final stage. Capital Mill, which with its Navigator and Explorer commercial buildings set the standard for the port area that is developing into the business centre of the capital city, considers the Järvavana Road 7B building an example, which has a quality that all companies looking for office space a bit away from the city centre should demand.

“Järvevana Road 7B provides maximum energy efficiency by combining unique solutions, while guaranteeing also low auxiliary costs and a good indoor climate,” said Mölder. “A smart employer knows that work can be effective only if the conditions for doing it are of high quality. Adding low costs to the equation, the result can be better than just the sum of the addends.”

The total rental area of Järvevana Road 7B amounts to nearly 5,900m2; the size of the property is nearly 10,700m2. The biggest among the 18 tenants are Toyota Baltic, Atea, and Ridango.

Mitt & Perlebach OÜ did the construction work of the building under the management of the developer Hepsor. The architectural bureau Pluss developed the architectural solution.

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 information

Igor Mölder

CEO

Capital Mill OÜ

504 2505

igor.molder@capmill.eu

www.capitalmill.eu

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