Favorte and Mitt & Perlebach celebrate topping-out ceremony at Lucky4 Business Quarter – Mustjõe 39/39a commercial building reaches full height 

A topping-out ceremony was held at the Mustjõe 39/39a commercial building in the Laki business district, marking the completion of the building’s structural frame. The project is progressing as planned towards completion in September.

The wreath was lowered by Favorte’s Project Manager Karl Luha and Mitt & Perlebach’s Site Manager Veljo Kahl. The event brought together the project team, builders and partners.

The building, scheduled for completion in September 2026, will add approximately 4,400 m² of modern leasable space to the Lucky4 Business Quarter. The layout allows flexible solutions tailored to different business needs, supporting both smaller companies and growing enterprises.

According to Favorte’s Management Board Member Rainer Hinno, the project reflects broader demand for modern commercial space.
“Companies are increasingly looking for premises that are representative, functional and cost-efficient. Well-planned business quarters best meet these expectations, and the Mustjõe buildings have been designed accordingly, combining office, storage and service functions in one location,” Hinno said.

Member of the Management Board at Mitt & Perlebach Andreas Pärloja commented on the progress of the project.
“This is already another similar collaboration project with Favorte. As a general contractor, we work with very diverse clients and can confidently say that Favorte is among the most professional developers in Estonia in the stock-office and light industrial segment. As a builder, we are committed to delivering the project with high quality and on schedule, despite the prolonged winter,” Pärloja said.

According to Favorte Project Manager Karl Luha, operating costs and energy efficiency play an increasingly important role in tenants’ decisions.
“The buildings will be connected to Favorte’s solar park network, enabling tenants to purchase electricity without grid fees. Combined with modern building automation and well-thought-out layouts, this helps companies significantly reduce their operating costs,” Luha added.

The Laki area has developed into one of Tallinn’s key business districts, hosting a mix of industrial and service companies. Good accessibility, established infrastructure and proximity to the city centre make it an attractive location for businesses. Interest in the Mustjõe 39/39a development has been strong, with approximately 60% of the space already leased.

www.lucky4.ee