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16.07.2025

Favorte and Mitt & Perlebach Begin Construction of New Commercial Buildings at Mustjõe 39 and 39a in Lucky4 Business Quarter 

Real estate developer Favorte Kinnisvara has started the construction of new commercial buildings at Mustjõe 39 and 39a, carried out by the experienced construction company Mitt & Perlebach. The buildings, which will be completed by the end of 2026, form the second phase of the Lucky4 business quarter, offering a total gross area of 4,400 m². The first building – Laki 4 – has already been completed and is home to several businesses.


Rainer Hinno, Member of the Management Board of Favorte Kinnisvara, stated:
 “The start of construction of the new buildings at Mustjõe marks another important milestone in the development of the Lucky4 business quarter. The buildings are designed with flexible solutions, enabling companies to consolidate their operations under one roof and reduce logistics and auxiliary costs. We take into account tenants’ specific needs in terms of layout and technical solutions and create an environment where business can thrive and grow.”

Liina Tettermann, Sales Manager for Commercial Real Estate at Favorte, added:
“For us, developing sustainable buildings is a priority, with a strong focus on energy efficiency. Within the Favorte Stock portfolio, we continuously improve spatial solutions and technical systems. Modern building automation and remote control have become standard, and the buildings will be connected to Favorte’s solar park network, allowing tenants to purchase electricity without grid fees.”

Kristjan Mitt, Member of the Management Board at Mitt & Perlebach, commented:
“The Mustjõe 39 and 39a project combines thoughtful architecture, modern energy-efficient solutions, and functional use of space. We are pleased to continue our collaboration with the Favorte team—this is already our 14th joint project, reflecting a reliable and smooth partnership. Construction is underway, and our goal is to ensure high-quality work and on-time completion.”

 Additional information about the development can be found at: www.lucky4.ee
All buildings in the Lucky4 business quarter are part of the Favorte Stock brand. Favorte is one of the leading experts in Estonia’s stock-office segment. The Favorte Stock portfolio includes success stories such as Tähetorni Tehnopark and Väo Business Park, both recognized as valued business environments. With 30 years of experience, the developer has built 80,000 m² of commercial space and helped more than 130 business clients transition to more energy-efficient premises.