1Partner Develops Downtown Tallinn Apartment Building with 4 Million Euro Investment

1Partner has launched the development of Kalevi Maja, a new A energy class building with 28 apartments in Tallinn's city center, which will be completed by the beginning of 2025.

According to 1Partner Real Estate Director Tanel Tarum, the city center area is reaching the end of new developments. "There have never been unlimited new apartments in the city center, but recent market changes have further limited options, as virtually no new projects have emerged," commented Tarum.

Kalevi Maja, located at Juhkentali 14, is situated in the heart of the city, where everything needed for life is within a short walk. On the other hand, the area has plenty of greenery and parks, which allow one to step away from the fast pace of city life if desired. In addition to 28 apartments and 4 commercial spaces for apartments, the building has parking spaces and storage facilities located on a separate underground floor.

"The building, which is being erected in the immediate vicinity of the legendary Kalevi sports hall and the soon-to-be-completed most modern business quarter of the capital, will be built according to the best contemporary principles of urban lifestyle, which primarily means optimal, practical and well-considered space utilization," described Tanel Tarum.

"We believe that Kalevi Maja will help solve the problem of relatively limited selection in Tallinn's city center new development segment," commented Tanel Tarum, who considers it likely to be also the most affordable quality new development in the heart of Tallinn. The apartments in the building are 2-3 room units with a floor area of 40-70 square meters, and their price ranges from 190,000 to 300,000 euros.

1Partner Development is a company within the 1Partner group that deals with comprehensive real estate development. 1Partner is the leading real estate group in the Baltic countries, with offices in Tallinn, Tartu, Riga and Vilnius. The 1Partner group provides real estate brokerage, valuation, construction, development, management and investment management services. The 1Partner real estate group is the official cooperation partner of JLL (Jones Lang LaSalle), the world's largest commercial real estate advisory company, in the Baltics.