Technopolis Ülemiste AS concluded a loan contract with Swedbank in the sum of 15 million euro to finance the construction of a new office building.
The construction of the triple tower
at Lõõtsa 8 has already started: the building, which is to be completed by the end of 2013, will hold a total of 24,000 m² of new office space. It will amount to 50% growth of Technopolis Ülemiste, making it the largest knowledge-based economic environment in the Baltics.
According to Gert Jostov,
Chairman of the Board of Technopolis Ülemiste AS, the business park is likely to see more than 30 million euro in investments over the coming years. “In parallel with the construction of new buildings we are expanding and improving our service portfolio, and working on modernising the infrastructure in cooperation with our partners and the city of Tallinn,“ Jostov said. “Good cooperation with Swedbank allows us to execute the development plan according to the schedule,” he added.
"The fact that houses developed by Technopolis Ülemiste are covered with rent contracts proves that clients are favouring modern and energy-efficient solutions. We are happy that as partners we can contribute to the development of Technopolis Ülemiste,“ said Ero Viik, head of Real Estate Department at Swedbank.
"Recent developments in world financial markets have been primarily resulted in growth of money prise in Estonia. Despite of that Swedbank continuously wants to be the most preferred financial partner for its clients and projects with sustainable cash flow will be financed. We are sincerely happy to be the most preferred partner to Technopolis Ülemiste crew in future development of the innovation city," Viik added.
Technopolis Ülemiste AS is the ‘Smart Business City’ located close to Tallinn Airport. More than 200,000 m2 of office space and hi-tech factories are being constructed in the business park. Its aim is to create an innovative, people-friendly working environment for knowledge-based companies. A total of 46,000 m2 of modern office space had been completed by the end of 2011. Since October 2010 the company’s partner has been the Finnish stock exchange firm Technopolis Plc – the biggest developer of business real estate for knowledge-intensive enterprise and the biggest provider of business support services in Scandinavia.
For further information please contact:
Gert Jostov, Chairman of the Board of Technopolis Ülemiste AS
Tel: + 372 521 2344; e-mail: gert[A]technopolis.ee
Ero Viik, Head of the Real Estate Department of Swedbank
Tel: + 372 525 3710; e-mail: ero.viik[A]swedbank.ee
Karin Tamm, Public Relations Manager of Technopolis Ülemiste AS
Tel: +372 513 8862, karin[A]technopolis.ee