Scandium Kinnisvara has acquired the historic wooden villa at Tammsaare Boulevard 11 in Pärnu. This long-abandoned building, well known to many, will be thoroughly reconstructed inside and out. The building, once used as a holiday retreat during Estonia’s early years, will regain its original historic function as luxurious holiday apartments.

Located just a few hundred meters from the sea in Pärnu’s beach area, the Tammsaare Boulevard 11 building has been vacant for nearly 15 years. Under the management of Scandium Kinnisvara, design work has begun to restore the building. This beautiful example of holiday architecture, built over 100 years ago, has served various roles including holiday apartments, a hotel, and a guesthouse. In the mid-20th century, two additional outbuildings were added to the property, which will be revitalized in the coming years.

Maido Lüiste, CEO and Partner at Scandium Kinnisvara, said: “We have admired the Tammsaare Boulevard 11 building for a long time. Given our extensive experience in the reconstruction of historical buildings and our vision for what this dignified building could become, we decided to take this step and acquire the property. Our goal is to transform this beautiful shell into Pärnu’s, and perhaps Estonia’s, most luxurious villa, where outstanding holiday architecture meets tasteful interior design and modern, relaxing lifestyle.”

Jaak Roosaare, Partner at Scandium Kinnisvara, added: “This building has symbolized Pärnu’s summer and holiday spirit to me since childhood. Every time I passed by, I hoped someone would restore its former glory. I am particularly pleased that the Scandium Kinnisvara team has the courage and capital to undertake this significant project. Our previous investors have shown great interest in participating in this project, and I believe together we can restore this long-neglected building to its former splendour. We invite potential investors and Pärnu enthusiasts interested in purchasing a luxury apartment to contact us.”

Design work for the Tammsaare Boulevard 11 building is underway in collaboration with the APEX Architecture Bureau, with construction planned to begin in the spring of 2025. This summer, Scandium Kinnisvara will start pre-sales of the apartments for registered clients.

Add your name to the waiting list HERE.