News

Tänassilma business park to undergo further expansion

The R-Park Tänassilma business park right just outside of Tallinn’s border is expanding. Next to large warehouse and production premises, the focus is on three-in-one warehouse/office type premises, well suited foremost for small undertakings.

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Ardi Roosimaa: An increase of municipalities’ income would also support private sector investments in regional development.

“The current taxation system where only a part of income tax goes to the municipality has resulted in a situation where it is exceedingly complicated for small rural municipalities to accept developments that would help them become richer,” writes Ardi Roosimaa, Supervisory Board Member of private limited company Restate and Management Board Member of the Association of Estonian Real Estate Firms.

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Restate: businesses require a new type of real estate

The R-Park Tänassilma business park right just outside of Tallinn’s border is expanding. Next to large warehouse and production premises, the focus is on three-in-one warehouse/office type premises, well suited foremost for small undertakings.

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Julia Linde: The commercial real estate market giving out mixed signals

Although Estonia’s economy is recovering quicker than expected, the commercial real estate market is giving out mixed signals. On the one hand, building permits are being issued in record volumes and the number of purchase and sale transactions involving real estate in increasing, rental processes are stabilizing, and demand is recuperating step by step. On the other hand, the construction sector dropped by as much as 12.8% in the first quarter, there are difficulties in supply of building materials, and construction prices are speeding upward. Rental prices for commercial premises cannot catch up to construction prices, resulting in continued decline of developers’ productivity. This current year will be modest in terms of completed commercial premises.

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Restate forecasts an even more robust growth for the real estate sector

Day after day we keep reading in the media about the rollercoaster of real estate price changes, new formats of buying a home (auctions and public sales), and estimates on how soon there might be nothing at all to put on the real estate market. But what is going on inside a real estate company? How has the crisis affected the goings-on there and what does the future hold?

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Restate foresees an upward trend in commercial real estate rental prices

Restate’s Senior Analyst Julia Linde says overall economic confidence is improving once again – the Economic Confidence Index for this year’s first quarter is again at the level it was at before the virus crisis. The confidence indicator for construction companies remains negative but nevertheless went up to -4 points in the three first months of the year. In the lowest point of the crisis, this indicator was as low as -43 – an absolute minimum since February 2010. The current prolonged virus crisis has had and continues to have in the near future an effect on the commercial real estate market, yet the effect differs between different segments of the commercial real estate sector.

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Restate, Hammerhead and Lubatud-Tehtud Haldus have merged under the RESTATE brand!

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Estonian commercial property market lacks suitable premises for thousands of companies

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Unique Hammerhead developments take shape around Tallinn

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