The cornerstone of the second phase of the Marienholm residential development was laid yesterday, 14 October, in Haapsalu. Scandium Kinnisvara is developing 25 seaside apartments and a new park area as part of the project. With an investment of €8 million, the development continues the transformation of a former industrial site into a comprehensive waterfront residential community. The building is scheduled for completion in summer 2027.
Medicum, one of Estonia’s largest private healthcare providers, will open a new rehabilitation clinic in Tammsaare Health Centre, which is scheduled for completion at the end of this year. The clinic will occupy the entire second floor of the building. With Medicum joining the tenant community, 80% of the leasable space in the six-storey health centre developed by Scandium Kinnisvara is now covered by lease agreements.
Marienholm, the seaside residential development in Haapsalu, has received its third major recognition in less than a year.
An exclusive show apartment was completed in Marienholm in early autumn 2025 — a space that is not merely a home, but an experience.
Marienholm, regarded as one of the most significant developments in Läänemaa in recent decades, has received a strong market response, with 80% of the homes in the first phase already sold. Interest has remained high through the autumn, giving the developer the confidence to begin designing the second phase.
An exclusive residential environment in Pärnu’s beach district has captured the hearts of many. Architecture inspired by history, contemporary quality, and an ideal location come together to offer something more than just real estate – they create a lifestyle worth dreaming of.
Scandium’s real estate portfolio has been enriched with a significant architectural and historical landmark – the company has acquired the Sõjakooli 1 building in Tallinn’s Tondi district from Urmas Sõõrumaa.
Scandium Kinnisvara announces a photo competition inviting both professional and hobby photographers to capture the unique Marienholm peninsula – a place where nature, the sea, and the charm of a new living environment meet.
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.
Construction is starting on the advanced green apartment building, Allika Kodud, in the centre of Keila. The five-story building, featuring modern architecture, will include a rare green roof in Estonia, vertical greenery on the walls of the building with an automated irrigation system, solar panels, and numerous bicycle storage spaces. The developer is Scandium Kinnisvara, and the builder is Tesron Ehitus.
On Friday, July 12, Scandium Kinnisvara and Mitt & Perlebach held a topping-out ceremony for the Marienholm seaside development in Haapsalu. This project represents the largest private investment in Haapsalu’s history. Five buildings with 50 apartments have been completed, including a record eight homes in Haapsalu, each costing over half a million euros. Prices for two-room apartments start at 180,000 euros.