Estonia-based East Capital Real Estate has begun construction on a logistics and light industry park in Rae Parish, Estonia.
Named Future East Capital Park Rae, the 140,000m² logistics and light industry centre is located on a 30ha land site adjacent to Tallinn.
This facility is said to be Estonia’s largest logistics and industry park.
The initial building of Park Rae is expected to be completed in early 2025. The remaining timeline is dependent on market demand.
East Capital Group partner and Real Estate head Albin Rosengren said: “The plot of land we bought for the construction of the logistics park in 2021 is well-located, just 15 minutes by car from the centre of Tallinn, with excellent access to Tallinn Ring Road and Tartu Road.
“We have an ambitious goal, to build the largest park with logistics and light industrial buildings in Estonia. The work on the project started this year.
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“The future of the logistics industry is green, sustainable, and flexible. This means that energy comes from renewable sources and that sustainable materials are used in the construction.
“Rae Park’s buildings are flexible, allowing changes in the size of the tenant spaces and there is a focus on the overall work environment; attractive and healthy in all aspects. While developing East Capital Park Rae, we consider both people and nature at every step.”
As stated by Rosengren, the demand for new and contemporary logistics and light industry facilities emerges from companies’ increasing need to decrease their carbon impact.
This entire park solution includes logistics and light industry buildings, office spaces, and outdoor dining and resting spots, among others.