Business
Pro Kapital Council approved Consolidated Interim Report for I Quarter and 3 Months of 2025 (Unaudited)
MANAGEMENT REPORT Real Estate Development Tallinn During the first quarter of 2025, construction of the final phase of the Kalaranna development (4 buildings, 146 units) reached substantial completion, although some minor finishing works continued into the second quarter. As of the publication of this report, 68 sold apartments have been handed over to buyers, and the overall sales rate has reached nearly 60%. In Kristiine City, we are actively engaged in the design and building permit applicati
About this update from Pro Kapital Grupp As
[{"type":"image","alt":"Pro Kapital Grupp","displaySize":"","headline":null,"caption":"Pro Kapital Grupp","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":83,"url":"https://media.zenfs.com/en/globenewswire.com/fc6f6a421b5625c3142665c2da18adfe"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Hl0u3MthrLonZRreTG2oUg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTExNjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/fc6f6a421b5625c3142665c2da18adfe","width":300,"height":83}},"lazy":false},{"type":"text","content":"MANAGEMENT REPORT","length":17,"tagName":"p"},{"type":"text","content":"Real Estate Development","length":23,"tagName":"p"},{"type":"text","content":"Tallinn","length":7,"tagName":"p"},{"type":"text","content":"During the first quarter of 2025, construction of the final phase of the Kalaranna development (4 buildings, 146 units) reached substantial completion, although some minor finishing works continued into the second quarter. As of the publication of this report, 68 sold apartments have been handed over to buyers, and the overall sales rate has reached nearly 60%.","length":363,"tagName":"p"},{"type":"text","content":"In Kristiine City, we are actively engaged in the design and building permit application process for four different projects submitted to the Tallinn City Planning Department:","length":175,"tagName":"p"},{"type":"text","content":"- "Dunte" - awaiting the issuance of the building permit.- Sammu 2/4 / Sõjakooli 15 - building permit application was submitted in December 2024- Marsi 1 / Sõjakooli 13 - building permit application was submitted in February 2025.- Sammu 3 / Sõjakooli 17 – we are in the design phase and preparing a new concept, alongside an application for a change of use to allow 95% residential and 5% commercial functions.","length":424,"tagName":"p"},{"type":"text","content":"All the above listed projects will add ca 35.000 sqm of GBA with ca 350 units of predominantly residential function (95% residential/5% commercial) to our portfolio in a well-established neighbourhood in Kristiine City.","length":219,"tagName":"p"},{"type":"text","content":"As of Q1 2025, construction of the White Building (91 residential units) in the Uus-Kindrali project, located in Kristiine City at Talli Street 3 / Sammu Street 8, Tallinn, has progressed well. Work on internal partition walls is und...