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Real estate developer Favorte and Eventus Ehitus celebrated a rafter party last week to mark the fifth stock-office building in Tähetorni Tehnopark reaching its maximum height. By the end of this year, 5,000 m2 of energy-efficient commercial space will be added to Tallinn’s largest modern business park. “We are now halfway through the construction of…

Clients looking for commercial space should be aware that the amount of space coming onto the lease market in the near future is decreasing as some developers have postponed the start of new projects indefinitely. As the price of raw materials, interest rates and labour costs have peaked in the past couple of years, a…

Rainer Hinno, Member of Favorte’s Management Board, summarises the trends for the new year and gives an overview of the current situation in the warehouse segment. Enjoy your reading! 1. What lies ahead for warehouse space developers and tenants in 2024? The number of companies that are not ready to conclude a deal when the…

Real estate developer Favorte and Eventus Ehitus are expanding Tähetorni Tehnopark on Paldiski Road. The new 5,000 m2 stock-office building at Mäeküla 9 will be completed in the fourth quarter of this year.  To date, 22,000 m2 of stock-office spaces has been completed and leased in the technopark. A total of 30 companies have set…

The Mäeküla 7 business building has just been completed and several successful businesses are already busy on the site. In the rapidly growing Tähetorni Tehnopark, the last two rental properties are available for immediate move-in! The next modern stock-office spaces with low ancillary costs will not be ready until the end of next year at…