Real estate developer Favorte and Eventus Ehitus held the first rafter party at Väo Äripark yesterday to celebrate the commercial buildings at Plaasi 2 and 4 properties reaching their maximum height. Favorte is investing 20 million euros in the business park, which is being built right next to the Väo traffic junction.

Real estate developer Favorte and construction company Mitt&Perlebach held a rafter party to mark the first phase of Rehelepa residential area reaching its maximum height. A-energy class homes of the opening phase of Rehelepa will be completed at the end of this year.

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.

Clients looking for commercial space should be aware that the amount of space coming onto the rental 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 fall in rental prices cannot be predicted, say sales managers at property developer Favorte.

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!

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.

Throughout March, you can apply for a Financial Analytics internship at Favorte. The paid mentoring program offers one inspired student the opportunity to test their mettle in this field this summer. Together with experienced colleagues, you will find yourself at the heart of ongoing development projects and get a hand in their realization.

While market participants are unanimous in their assertion that there is no place for buying a home as an investment in the current economic climate, there is one niche that has proven itself time and time again in the past and is particularly suited to the long-sighted investor.

Real estate developer Favorte is constructing a 20-million-euro Väo Äripark right next to the Väo traffic junction. The opening stage will be built by Eventus Ehitus and the first 3,500-squaremeter stock-office commercial building on Plaasi 4 property will be completed as early as the third quarter of 2024.

The autumn application round for the Tallinn University of Technology Development Fund scholarships has been opened. This year, Favorte continues with the tradition and supports the studies of one Faculty of Economics student with 3,500 euros.

Construction of the new 334-apartment Rehelepa residential area on the border of Nõmme and Haabersti districts has started. The developer Favorte is investing 55 million euros in the project. Construction of the first phase was started by Mitt&Perlebach during the last days of August, and 72 apartments with energy class A will be ready by the end of next year.

Real estate developer Favorte and construction company Mitt&Perlebach signed a contract for the construction of the first phase of Rehelepa residential area on the border of Nõmme and Haabersti districts. The total investment of A-energy class apartment buildings to be completed at the end of next year amounts to 10 million euros.

In the second half of the year, Euribor will start to fall, which will increase the demand for both residential and commercial real estate, says Rainer Hinno, Member of the Management Board of Favorte OÜ, who confirms that the first quarter of this year went according to plan for the company.

Real estate developer Favorte has started the construction of Rehelepa residential area on the border of Haabersti and Nõmme City Districts. The first phase of the 334 apartment development project will be completed by the end of 2024 and the total volume of investments amounts to EUR 55 million.

Real estate developer Favorte and Eventus Ehitus held a rafter party last week to celebrate Kadaka Trade Center reaching its full height. By the end of this year, 16,000 m2 of multifunctional commercial space will be completed at Kadaka tee 42b property. 16 million euros will be invested into the construction of the building.

Real estate developer Favorte’s Sales Manager Tarmo Rammo and Favorte Real Estate Development Fund’s partner Riho Unt appeared on Äripäev’s radio program “Kõik ärikinnisvarast” (“Everything about Commercial Real Estate”) and talked about what the commercial real estate market is like in Estonia and in the Baltics.

Our commercial real estate Sales Officers Tarmo Rammo and Ivo Tammearu have concluded the new trends of 2023. Here’s an overview of the current state of commercial real estate in the warehouse segment.

The application for Favorte's real estate development internship is now open and engineering students are expected to submit their CV-s by the end of March. One bright student will be selected to challenge themselves this summer as part of a paid mentorship program. In cooperation with Favorte’s experienced colleagues, the trainee will dive right into the heart of ongoing development projects and contribute to their implementation.

Real estate developer Favorte and Eventus Ehitus held a rafter party to celebrate the fourth stock-office commercial building in Tähetorni Tehnopark reaching its maximum height. A modern 4,600 m2 commercial building will be completed on the property of Mäeküla 7 this summer.

Tallinn University of Technology Development Fund together with its partners recognised the brightest and smartest students of the year. Favorte’s engineering scholarship of 4,500 euros was awarded to Kreete-Karoline Pleiats at a ceremony held by TalTech.

Property developer Favorte and construction company Eventus Ehitus placed a cornerstone on a 16,000 m2 commercial building, that rises on the property of 42b Kadaka Road. The building, which bears the name of Kadaka Trade Center, is due to be completed as early as the end of next year.

Students can now apply for Tallinn University of Technology Development Fund’s scholarships. For the first time in history, Favorte is also offering a scholarship to support the studies of one engineering student with 4,500 euros.

Real estate developer Favorte and Eventus Ehitus have begun constructing a new stock-office aka warehouse/office/showroom type commercial building on Mäeküla 7 property. With the completion of the building, 4,500 m2 of modern commercial space will be added to Tähetorni Tehnopark, that is situated on Paldiski maantee.

Real estate developer Favorte and Eventus Ehitus are building a new multifunctional commercial building, Kadaka Trade Center, on Kadaka tee 42b property. Construction has started and the completion of the building will add 16,000 m2 of modern commerce, office and warehouse space to the Kadaka business district.

Real estate developer Favorte and construction company Mitt&Perlebach held a rafter party to celebrate the next stage of Käokella residential area reaching its full height. 64 new homes and 350 m2 of commercial space will be completed in the modern building complex at Sõnajala tee 1 in the summer of 2023.

Real estate developer Favorte and construction company Mitt&Perlebach have started construction of the sixth phase of Käokella residential area. 64 new homes will be ready next summer in the apartment building at Sõnajala tee 1.

Real estate developer Favorte and Eventus Ehitus held a rafter party yesterday to celebrate Iru Ärikeskus reaching its maximum height. The commercial building, which will be built on the property at Vana-Narva maantee 3, will be completed this autumn and will add 9,500 square metres of modern warehouse and production space to the Maardu-Iru industrial area.

Real estate developer Favorte hosted the Veskimetsa Perekodud project’s rafter party yesterday to celebrate the completion of an important construction phase and to thank the builder Mitt&Perlebach for their dedicated work. In total, 54 new apartments will be completed in the new building on the Veskilise tn 7 property.

Our sales managers Tarmo Rammo and Ivo Tammearu spoke about new technology parks in Tallinn as part of Äripäev's radio series “Kõik ärikinisvarast” (“All About Commercial Real Estate“).

Spring is fast approaching. The question of how to use time off from academic studies in the summer to work and develop professionally is becoming more relevant among students. This internship season, Favorte is also offering one bright student a paid mentoring programme to get to know the world of real estate development.

There are only a few technology parks around Tallinn, where small-scale production and customer meetings can be carried out under one roof. Tarmo Rammo and Ivo Tammearu, Sales Managers at real estate developer Favorte, explain why these stock-office type technology parks are becoming increasingly popular among companies and how businesses can grow with technology parks.

Real estate developer Favorte has started with the construction of Väo Tehnopark right next to the newly completed Väo junction. Total investment reaches €20 million.

A new three-storey apartment building is being built on the Veskilise 7 property in cooperation between real estate developer Favorte and construction company Mitt&Perlebach. Construction of the Veskimetsa Perekodud has already started and the apartments will be completed in October next year.

Real estate developer Favorte and Eventus Ehitus have signed a construction contract for building a 9500 m2 warehouse and production building on the Vana-Narva Road 3 property. The construction will begin in the coming weeks and the building called Iru Ärikeskus will to be completed by the autumn of 2022.

Real estate developer Favorte has attained a construction permit for a new multi-functional business centre, that will be erected on Kadaka tee 42b property. A spacious 14 300 square metre building bearing the name Kadaka Trade Center will be ready by the end of 2022.

Demand for homes in municipalities near Tallinn remains high. Among other districts, Rae Parish stands out with its rapid development, where, due to the great interest in purchasing, construction output has been resilient even in the uncertain conditions of the recent years. Thus, the buildings of the next phase in Käokella residential area – semi-detached houses on Sinika Road – have reached their maximum height, only a few months apart from the last stage.

In Majaka area between the downtown and Ülemiste, one more apartment building has reached its full height – the 12-apartment Sinilillekodu in Sikupilli at 7a Kivimurru will be completed in March 2022.

Harku parish, close to the capital, charms the residents with its long coastline and large natural green areas where one can enjoy an active holiday. The development of residential and commercial properties along Kloogaranna Road is on the rise due to the superb connection with Tallinn, and the growing interest of home seekers in the area.

Extensive investments in highways leading to Tallinn have made Saue Municipality a desirable location where people can enjoy a calmer tempo of life in the proximity of the capital. In recent years, a large number of new residents have moved to Saue Municipality, and this has boosted the development of local commercial property and social infrastructure.

Yesterday, the real estate developer Favorte held a rafter party in the commercial building at 24 Härgmäe. The new building with warehouse and office spaces will be ready in October, and will add 5,500 square meters of modern commercial space to Tähetorni Tehnopark by Paldiski Road.

Yesterday, real estate developer Favorte held a rafter party for the new buildings in the Käokella residential area – the terraced houses and commercial building at Kanarbiku tee 15, which will be completed by the end of the year, have reached their maximum height.

Real estate developer Favorte held a rafter party in the business building at 4 Laki Street. The commercial building with multifunctional business premises will be finished by September this year and is the first business centre to be erected in the Lucky 4 business quarter.

Rae Parish is indisputably one of the fastest growing regions near Tallinn. When compared with other similar municipalities, the proximity to the city centre and excellent infrastructure of Rae Parish can be highlighted, which is a strong argument for young families when choosing a place to buy a home, as well as for entrepreneurs looking to find the right premises for their business.

Lasnamäe, which has long been known as an industrial and commuters’ sleeping area, has become of interest to developers and has attracted a lot of investments in recent years. The increase in residential and commercial space in the region and numerous infrastructure improvement projects have strongly contributed to the development of Lasnamäe as a more modern and desirable living environment.

Pirita District with its long open coastline, different sporting options and lush greenery has become a popular residential area among the younger generation. Thanks to a well-developed road network, a quick access to the rest of the town is guaranteed providing an option that you can spend the end of the day in a peaceful and balanced environment beneath pine trees.

Green woods and a bog, an attractive seashore, Harku lakeside area, which will soon invite with its new look, and first-class leisure opportunities make Haabersti a district like no other in Tallinn.

The last 10 years have given Mustamäe a new lease of life and it’s riding a wave of steady growth. The diversely populated district is still a popular and desirable place for young people to raise a family, but also to create future technologies.

Nõmme is a dignified and well-established area that Tallinn's residents have loved throughout the ages. A peaceful and safe neighbourhood, green pines and jogging trails, and good connections to the city centre have made the Nõmme city district an elite area where it is not so easy to find a place to live and once here, people find it hard to leave.

Kristiine is one of the greenest and most diverse districts of Tallinn, where you can find apartments, private and terraced houses as well as a first-class business environment, which provides its residents with all the services necessary for a comfortable life close to home.

In the immediate vicinity of the ever-growing Tallinn, Maardu, and especially the Vana-Narva road and the Iru area, is expected to be reborn in the years to come. Due to the completion of the Väo junction and several other important infrastructure projects, the potential of the region is growing, which makes it increasingly attractive for various companies in the production and logistics sector.

The second building in Tähetorni Tehnopark, 22 Härgmäe, was completed this spring, and the tenants of commercial spaces have had enough time to settle in their new premises. We visited Benefit AS, who is renting two interconnected stock-office type commercial units.

In case of commercial premises, location, accessibility, space solution and price level are always decisive, but special solutions that meet the needs of specific companies are also playing an increasingly important role. According to Madis Lett, project manager of Favorte, a developer with long-term experience, more and more companies are looking for a „built-to-suit“ instead of a „box“, i.e. facilities that would exactly match the company's business model and needs.

The apartments of Kuukressi 1 and 3 are ready, and in the other houses, work is also being completed as planned to hand over the keys to anxious homeowners at the agreed time. There are only three apartments left in the houses of Kuukressi tee 1 and 3!

The construction of Taevakivi Ärikeskus is progressing well and we gathered to hold a rafter party with all those involved to celebrate it. Our project manager Madis Lett went for the wreath and, of course, the celebrations would not have been complete without our partners Hammerhead and Eventus, with whom the commercial building will be put up!

The boutique building that only has 22 apartments is fenced off and there is a playground for the smallest members of the family in a corner of the yard. Oksa 2/Seebi 4 is only a 5-minute drive away from the city centre. Strangers have no business at Oksa street, which is lined with ancient trees. New apartment owners have the opportunity to get a good breath of fresh air already when they step out of the building.

The Favorte team is in good health and we have successfully continued to work on all development projects and managed to monitor construction processes in spite of the emergency situation. In the meantime, Kirsiõis Kristiines (www.oksa2.ee) has been completed and more than a half of the satisfied new home owners have received their keys. Kuukressi apartment buildings (www.kuukressi.ee) will be constructed as planned and the first residents will get to move into their new home by Midsummer's Day.

Dear clients! We confirm that Favorte will continue to complete all of our development projects in the promised schedule. This includes all of our residential real estate projects under construction: Kuukressi departments (www.kuukressi.ee), Käokella terraced houses (www.kaokella.ee/en) and Kirsiõis Kristiines (www.oksa2.ee/en).

Despite the fact that the construction of Rail Baltic, which will be completed in cooperation between the three Baltic States, seems to be constantly stalled, developers and entrepreneurs are optimistic and improvement in the vicinity of the future route will continue. Last week, the rafter party was celebrated in Veldi Road on the Ringtee Stock, developed by Favorte. One of the major benefits of the new stock-office location is its connectivity to Tallinn roundabout, but also the proximity of the upcoming Veneküla stop on the Rail Baltic.

Real estate developer Favorte bought a 17,000 square metre property from Eesti Energia in the Kadaka area of ​​Tallinn, which will be transformed into a modern business district, offering retail and office space as well as stock-office type premises. According to the developer, the Kadaka district is far from reaching its full potential and more commercial and residential space is about to be added there in the near future.

Tallinn's commercial real estate market is still vivaciously developing and there is space for every business and necessity. Since moving every couple of years is unnecessarily expensive and a disturbance for your business activity, you should think carefully about the new location – will it satisfy your business needs today and in the future.

One of the few business and industrial complexes in Lääne-Tallinn, the Tähetorni Tehnological Park on Paldiski highway is expanding rapidly. When the first building was completed in June, the rafters were now upright on the second building of the development, the construction of which was begun in July. Favorte, the developer of the Tähetorni Technological Park, estimates that the city is rapidly developing westwards and the demand for commercial space is further increased by districts emerging in the vicinity.

We have created both apartment buildings and fully developed residential areas in different parts of Harju County. Our project manager Kaur Kaasikmäe highlights some important recommendations and ideas to help You make that decision.

Although Rail Baltic is expected to start operating only in 2026 according to the most optimistic predictions, even some developers are considering the position of the planned rail route already today when establishing commercial and industrial premises. At the end of August, construction of the Ringtee Stock was started in the Veneküla area, which is currently scheduled to include a train stop and a third of the nearly 3,400 square metres of the building under construction have already been rented out.

The Haabersti roundabout, that was completed a year ago, untied a traffic knot that has so far hampered commercial and residential real estate development near the intersecting thoroughfares. The Tähetorni Technological Park in Härgmäe, facing the Paldiski junction, has today established itself with a number of companies of quite different profiles, attracted to the area both by the location of the technology park and the stock-office commercial space concept which allows one to combine production, sales, storage and office space, aggregating them under one roof.

The recently completed Stock 101 on St. Petersburg Road is yet another example of Lasnamäe, previously known primarily as a residential area, with its infrastructure and number of habitants attracting businesses from a variety of industries. Good connections to the city centre and to all major highways via the Tallinn roundabout is the main reason why commercial buildings rising in Lasnamäe are attracting new companies there.

While in other areas close to the capital city, technological parks along major highways have developed rapidly, there is still a shortage of such space in Lääne-Tallinn. This gap will be filled by the Tähetorni Technology Park, which will be established along the Paldiski Road, with a total of 60,000 square metres of commercial space in 12 buildings. The first building is completed and the construction of the second one will start any time soon.

For the construction of five apartment buildings in Pirita-Kose, Kuukressi residential area, RAMM Ehituse OÜ has entered into a general contracting agreement to carry out construction work. Owner supervision is performed by Ehitusinsener OÜ.

OÜ Favorte signed a cooperation agreement with the non-profit organization called Estonian Athletic Association with the aim of promoting athletics.

Just a few hundred metres from the TV Tower and the Botanical Gardens, a private Kloostrimetsa² residential area will be established, with 16 plots are for sale to build houses to make wonderful homes.

A general contracting agreement has been concluded with Mitt & Perlebach OÜ for the construction of an apartment building of 22 apartments on the Oksa tn 2/Seebi tn 4 property in the district of Kristiine. Owner supervision is carried out by Ehitusinsener OÜ.