Park Rae logistics park near Tallinn marks topping-out of first building
East Capital Real Estate held a groundbreaking and topping-out event on 6 November at its Park Rae logistics park near Tallinn, Estonia. Once fully built, it is set to become the largest logistics and light industrial park in the country.
East Capital Real Estate marked a construction milestone on 6 November at Park Rae, a logistics park in Rae municipality near Tallinn, Estonia, with a groundbreaking ceremony and a topping-out celebration. It is the company's first real estate project developed from scratch, and once fully completed it will become the largest logistics and light industrial park in Estonia. The first building has reached its full height, and work now moves toward completion.
The event brought together representatives of general contractor Nordecon AS, which provides construction and design services, project partners and officials of Rae municipality. They noted the progress made and thanked everyone involved in building the P11 building.
Building details and timeline
The P11 building has a total area of 32,000 square metres, including roughly 1,200 square metres of office space that can be expanded to suit tenants' needs. Construction is scheduled to finish in the first half of 2027, when the building will be ready for its first tenants.
The project aims to obtain the highest LEED Platinum sustainability certification level. It would be the first rating of this level for a logistics park in the Baltics.
Companies involved
Albin Rosengren, head of East Capital Real Estate, said the project reflects the company's long-term commitment to Estonia and the Baltic region and that the park will create new jobs. Investment head Martin Otsa stressed sustainability and quality as guiding principles. Tarmo Pohlak, a management board member at Nordecon AS, said building a warehouse with non-standard structural solutions had been a challenge.
Architecture firm DAGOpen won the park's 2024 architecture competition with its "EASTWOOD" design. Studio Argus handles interior design, Projektibüroo is responsible for the building design, Inseneribüroo Telora supervises construction on the client's behalf, and Certify advises on the LEED certification process.
Location
Park Rae lies on Pähklimäe road, about a 15-minute drive from central Tallinn, with direct access to the Tallinn ring road and the Tartu highway. When fully built, the 30-hectare site will offer about 130,000 square metres of logistics and light industrial space.
