Real Estate & Commercial News in Estonia from Propertyshowrooms.com

Ober-Haus: Few real estate companies can manage alone

Mon, 12 Jan 2009 00:00:00 GMT

The merger of Pindi and Vestman is a logical step for few real estate companies can manage alone, Rain Rätt, the analyst at Ober-Haus told Postimees.ee...

Danske Bank pulls the plug on Q Vara

Wed, 31 Dec 2008 00:00:00 GMT

Danske Bank that is the guarantee and paying agent of bonds issued by Estonian real estate company Q Vara has decided that enough is enough...

Estonian resort Haapsalu may be hit by a wave of unemployment

Wed, 12 Nov 2008 00:00:00 GMT

Haapsalu, one of the largest towns in Western Estonia, is preparing for a social disaster since two large plants are preparing for layoffs...

Arco Vara refinanced loan for Latvian project

Mon, 3 Nov 2008 00:00:00 GMT

Bišumuišas nami SIA that is a 40 pct joint venture of Arco Group, refinanced in Nordea bank BM-2 project land acquisition loan in value of EEK 219 mln, Arco Vara announced at Tallinn Stock Exchange...

Estonian government loses hope to sell 1.5 billion worth of property

Mon, 20 Oct 2008 00:00:00 GMT

It has now become clear that the government will not reach its target to sell 1.5 billion kroons worth of state property by year-end...

Estonian real estate agents divided over commercial real estate

Mon, 20 Oct 2008 00:00:00 GMT

While some agents claim that Estonian commercial real estate market has come to a standstill, others see a bright future ahead...

SEB to liquidate its real estate company

Fri, 17 Oct 2008 00:00:00 GMT

SEB Bank in Estonia will liquidate its real estate company Croneland, which among other things developed Pärnu beach building, aripaev.ee writes...

Another Estonian real estate developer goes under

Mon, 29 Sep 2008 00:00:00 GMT

On Friday Harju County Court declared bankrupt another Estonian real estate developer Askas Ehitus...

Estonia is losing its attractiveness to investors

Mon, 15 Sep 2008 00:00:00 GMT

Oleg Karpikov, managing director of the Estonian-Russian Chamber of Commerce, claims that Estonia’s business climate continues to deteriorate...

Company of prominent businessmen acquires more property in Estonia

Thu, 11 Sep 2008 00:00:00 GMT

EfTEN Capital, a real estate investment company that belongs to prominent Estonian businessmen, has acquired the logistics complex of Premia Tallinna Külmhoone...

Flebu Eesti to invest EEK 50 mln in Estonia

Wed, 10 Sep 2008 00:00:00 GMT

Estonian industrial group Flebu is building a new production plant in the Rae municipality near Tallinn for 50 mln kroons...

Armin Karu wants to take Olympic Casino to US market

Thu, 4 Sep 2008 00:00:00 GMT

Estonian casino businessman Armin Karu wants to take Olympic Casino to US market and said that the gamblers’ problem in Estonia is over-emphasized...

Property developer TPD loses EEK 6.5 mln in first half

Tue, 2 Sep 2008 00:00:00 GMT

Trigon Property Development that belongs to investment banker Joakim Helenius says its first-half result was a loss of EEK 6.5 million...

British real estate developer left plenty of debts behind in Pärnu

Tue, 26 Aug 2008 00:00:00 GMT

British real estate developer OÜ Churchills has finished operating in Pärnu and the company’s owner Lee Cornel Williams has disappeared with the clients’ money...

State to auction off 9 properties

Fri, 22 Aug 2008 00:00:00 GMT

Estonian State Real Estate Company (RKAS) is planning to sell 11 properties out of which 9 will be auction off now...

Silicon Valley attracts Estonian companies

Thu, 21 Aug 2008 00:00:00 GMT

US innovation centre Silicon Valley is attracting ambitious Estonian companies as a magnet, Eesti Ekspress writes...

Real estate company EfTEN made its first investment

Mon, 11 Aug 2008 00:00:00 GMT

EfTEN Capital, a real estate investment company that was recently started by Estonian entrepreneurs, made its first investment yesterday, when it bought the building of K-Rauta construction materials store in Võru...

City of Pärnu fails to sell unnecessary buildings

Wed, 6 Aug 2008 00:00:00 GMT

City of Pärnu has been unable to sell the city centre buildings that were left empty after the city government moved its departments into one building. Now, the city is planning to lease out some of the premises for bureaus...

Underground parking lot at Vabaduse square to cost EEK 156 mln

Mon, 4 Aug 2008 00:00:00 GMT

The tender for underground parking lot at Vabaduse square was won by a joint offer from three companies. Establishing the parking lot will cost EEK 156 million to the state...

Real estate transactions' value down 38 pct in Q2

Mon, 4 Aug 2008 00:00:00 GMT

The volume of real estate transactions fell 38 pct y-o-y in the second quarter...

Commercial property still valued in Narva

Mon, 28 Jul 2008 00:00:00 GMT

The most active sector in Ida-Viru County's commercial property market is made up by commerce and services land, demands for qualitative and more expensive areas is high in Jõhvi, Narva, and Kohtla-Järve...

Estonia may end this year with a budget deficit

Mon, 21 Jul 2008 00:00:00 GMT

If the state fails to sell EEK 800 million worth of state property in the remaining five months, Estonia will have a budget deficit...

Launching Tartu-Stockholm airway postponed

Fri, 11 Jul 2008 00:00:00 GMT

Launching the regular flights on Tartu-Stockholm route is likely to be postponed at least a month as Tallinn Airport has difficulties getting the permission of cutting state forest and in addition, the runway lighting is offered at dreadfully expensive price...

Enterprise Estonia: Foreign owner is not bad for business

Fri, 11 Jul 2008 00:00:00 GMT

Ülari Alamets, chairman of Enterprise Estonia, says that there is nothing bad if an Estonian businessman sells his business to a foreigner if he then uses the money to start a new company...

Baltic countries decried Estonia’s plan to raise VAT on hotels

Thu, 10 Jul 2008 00:00:00 GMT

The Estonian, Latvian and Lithuanian hotels and restaurants sub unions' management board members disapprove the Estonian government’s plan to raise VAT on hotels...

The tourism conference of the year is coming to Tallinn

Wed, 9 Jul 2008 00:00:00 GMT

On 26 September, the third international tourism conference, aimed at specialists in the field of tourism, will take place at Hotel Euroopa, in Tallinn, Esterprise Estonia (EAS) announced...

Architects plan a new accommodation establishment to Pärnu beach

Wed, 9 Jul 2008 00:00:00 GMT

A new accommodation establishment with relaxation centre is planned to be constructed in the place of the old nightclub Las Vegas at Rannapuiestee 7...

Analyst: winners are those who are prepared for the new economic growth

Wed, 9 Jul 2008 00:00:00 GMT

Now is the right time for the companies’ managers to sit down and cover the shortages that occurred in the terms of the fast economic growth. The winners are those who are prepared for the new economic growth period, Maris Lauri, the senior analyst of Hansabank, said...

Sults created a foundation for Casino Island

Mon, 7 Jul 2008 00:00:00 GMT

The legal side of Casino Island has been prepared and the foundation was started on the 26th June of this year, Tallinn’s representative and principle Märt Sults told aripaev.ee today...