OÜ Marsi Elu, a subsidiary of AS Pro Kapital Grupp, and Oma Ehitaja have signed a contract for the construction of three five-storey building complexes in Kristiine City, in Tondi. Estonia.
Construction of the project, called Kindrali Houses, will be carried out in two stages with a total cost of €20m.
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The first phase of the construction will see 129 apartments being built, while 66 apartments along with parking spaces will be constructed in the second phase.
The first two building complexes are expected to be completed by the summer of next year.
Over 50% of the apartments are claimed to have been either sold or booked.
AS Pro Kapital Grupp chairman of the management board Paolo Michelozzi said: “The company is pleased to start cooperation with Oma Ehitaja.
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By GlobalData“Kristiine City’s residential area is highly valued by customers. Most of the new homes in Kristiine City find an owner even before the buildings are completed, which is why we are actively continuing the development of the area.”
Kindrali Houses will be constructed in the Kristiine City residential quarter. AS Pro Kapital Grupp had earlier built Kristina Houses, restored Tondi 51 barracks building, Marsi 6 lofts and is also set to complete construction of the Ratsuri Houses in spring this year.
Kindrali Houses will feature contemporary and Nordic architecture.
This project will feature tree-lined boulevard surrounding the houses. Brooklyn-type of high first-floor homes or commercial spaces will open directly onto the street.
It will boast of spacious and private courtyard between the buildings, and have trees, seating areas and play areas.
Architects of the buildings and landscape of Kindrali Houses are Indrek Tiigi and Allianss Arhitektid, while the interior architect is Galina Burnakova.
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Construction of the project will be carried out in two phases. (Credit: Manfred Richter from Pixabay)
