Ülemiste City’s developer Mainor Ülemiste AS’s subsidiary, Öpiku Majad OÜ, signed a loan agreement with SEB Bank for a loan of EUR 39.5 million.
The agreement with SEB Pank is the largest in the history of developers of Ülemiste City since joining the euro zone. With the help of fresh funding it is planned to develop the new educational complex, offices and an innovative health center. Under the same roof will gather all neccessary medical staff to serve local clients and foreign specialists as well. The newest development in the campus is however the residential real estate, which generates hundreds of rental homes to embark 24/7 buzzing campus. At the same time, the loan will be partially used to refinance commitments made to develop the Öpik quarter.
The main activity of Mainor Ülemiste is the development of Ülemiste City as the largest business district in the Baltics constructed on the premises of the former Dvigatel factory near the Tallinn Airport. As of today, the 36 hectare of the district have 130,000 square metres of rentable office space in which over 10,000 people are working in more than 400 companies.
Ülemiste City is developed by Mainor Ülemiste AS and Technopolis Ülemiste AS.
Additional information
Margus Nõlvak
Chairman of the mangament board of Mainor Ülemiste
+372 504 1010
margus.nolvak@mainorulemiste.ee