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.
Next to the main gate of the Põhjala factory, the construction of the spacious Marati Kvartal began. A total of 76 apartments, business premises, a large 24-7 Fitness gym, a wide promenade and a park area will be built here. The developer is Scandium Kinnisvara and the construction company is Fund Ehitus. The buildings will be completed at the end of 2025. The investment for building the quarter is nearly 15 million euros.
Scandium Kinnisvara and Everaus Kinnisvara acquired a unique peninsula in Haapsalu on the left bank of Suur-Viik. The detailed plan allows the development of luxurious seaside villa apartments, a marina, and restaurants there. A dignified SPA hotel is planned to be built at the beginning of the peninsula.
Scandium Kinnisvara and Everaus Kinnisvara are developing a modern residential quarter consisting of 21 buildings at Luige. In the next two and a half years, 96 apartments will be completed in the large-scale development called Luige Homes, most of which are two-story terraced houses with a private garden. The heart of the area will be a community house where childcare facilities, a gym, and yoga hall, and a community garden with a greenhouse has been planned.
Nestin Rent, the first operator and developer of complete rental houses in Estonia and one with the largest rental portfolios, is now called Scandium Living. The company, which previously managed apartments and rental houses mainly owned by Scandium Kinnisvara, expanded its operations and now offers rent management services to other large property owners. Over the next three years, the portfolio is expected to expand to 2,000 rental apartments.
Scandium Kinnisvara is developing a five-story co-living rental house in Mustamäe, Tallinn. The building will have 151 one- and two-room studios and a wide range of common areas for residents. The building permit for the building has been issued, and work will begin soon; the builder is Mitt & Perlebach.
Scandium Kinnisvara organized an architectural competition for the construction of the tallest, 24-story apartment building and 6-story office building in Mustamäe, in which four prestigious Estonian architectural firms took part. The entry KÄBI by Kadarik Tüür Architects was chosen as the winner.
Scandium Real Estate is developing a new office building, Scandium Park, at the intersection of Tallinn's largest roads at Peterburi Road 1a. The 13-story building stands out for its innovative green technologies, raising the house's energy class significantly above the A level. The office building is distinguished by the concept of mixed-use - in addition to the offices, the house will have plenty of recreational opportunities for employees, a gym, a restaurant, a green terrace, and an apartment hotel.
Mixed-use real estate is a keyword that we hear more and more often from the lips of both European and American real estate developers. Giving a building several complex functions enriches the daily life of the users of the house, as well as the cityscape around it.