{"id":9192,"date":"2025-02-26T14:08:16","date_gmt":"2025-02-26T14:08:16","guid":{"rendered":"https:\/\/tahetornitehnopark.ee\/?p=9192"},"modified":"2025-07-25T07:22:16","modified_gmt":"2025-07-25T07:22:16","slug":"favorte-continues-construction-on-tallinns-largest-modern-business-park","status":"publish","type":"post","link":"https:\/\/www.tahetornitehnopark.ee\/en\/2025\/02\/26\/favorte-continues-construction-on-tallinns-largest-modern-business-park\/","title":{"rendered":"Favorte continues construction on Tallinn\u2019s largest modern business park\u00a0"},"content":{"rendered":"<div style=\"color:#1f7eff;\" class=\"has-text-align-center has-link-color wp-elements-d48c1780b781b60e17a539ed8aae755b wp-block-post-date has-text-color\"><time datetime=\"2025-02-26T14:08:16+00:00\">February 26, 2025<\/time><\/div>\n\n<h2 style=\"color:#0c2f60; font-size:36px;line-height:1.2; margin-top:10px;margin-bottom:10px;\" class=\"has-text-align-center has-link-color wp-elements-9c798695e4256accdb61fbd729858b4d wp-block-post-title has-text-color\">Favorte continues construction on Tallinn\u2019s largest modern business park\u00a0<\/h2>\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading9192_933ada-7e, .wp-block-kadence-advancedheading.kt-adv-heading9192_933ada-7e[data-kb-block=\"kb-adv-heading9192_933ada-7e\"]{font-style:normal;}.wp-block-kadence-advancedheading.kt-adv-heading9192_933ada-7e mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading9192_933ada-7e[data-kb-block=\"kb-adv-heading9192_933ada-7e\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading9192_933ada-7e img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading9192_933ada-7e[data-kb-block=\"kb-adv-heading9192_933ada-7e\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading9192_933ada-7e wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading9192_933ada-7e\"><\/p>\n\n\n\n<p><strong>Real estate developer Favorte is progressing with the expansion of T\u00e4hetorni Tehnopark, located along Paldiski Road, according to the planned scope and schedule. Construction company Mitt&amp;Perlebach has already started building the business park\u2019s sixth warehouse. The 3,600 m\u00b2 stock-office building at H\u00e4rgm\u00e4e 20 is expected to be completed in December.<br><\/strong><\/p>\n\n\n\n<p>According to <strong>Liina Tettermann, Sales Manager at Favorte,<\/strong> companies have adjusted to the economic sentiment at the beginning of the year, with some already taking action.<br>&#8220;Unstable economic conditions have become the new normal. Small and medium-sized enterprises that have successfully navigated these challenges are now moving towards signing agreements after extensive negotiations. At Favorte, we have leased out an additional 2,400 square meters of business space since the beginning of the year,&#8221; Tettermann added.<\/p>\n\n\n\n<p>&#8220;Now is a good time to lease from the tenant&#8217;s perspective \u2013 the selection of available spaces has increased, and prices are more competitive compared to a couple of years ago when the stock-office segment had a historically low vacancy rate of just 2.7%,&#8221; said the Sales Manager.<\/p>\n\n\n\n<p>&#8220;Additionally, based on our 66,900 m\u00b2 lease portfolio, we can see that the ancillary costs of modern business spaces are becoming more favorable for tenants over time. In older warehouse buildings, monthly utility costs can reach as high as \u20ac4\u20136 per square meter, whereas the 2024 average for Favorte Stock\u2019s lease portfolio was \u20ac1.6 per m\u00b2 per month, setting a new record for us,&#8221; Tettermann explained.<\/p>\n\n\n\n<p>The tenant profile of T\u00e4hetorni Tehnopark is increasingly characterized by the rapidly growing e-commerce sector. M\u00e4ek\u00fcla 9 commercial building, completed in December, hosts Motley Denim Europe O\u00dc among others. The company, originally from the Nordics, specialises in the production and sale of plus-size men&#8217;s clothing.<\/p>\n\n\n\n<p>&#8220;All our products are shipped from T\u00e4hetorni Tehnopark to customers across Europe. The logistically favorable location on the outskirts of Tallinn and our new 1,700-square-meter warehouse space allows us to expand into new market segments. Our goal for 2025 is to launch a women&#8217;s clothing line,&#8221; said <strong>Motley Denim CEO Henrik \u00d6hlund<\/strong>, outlining the company&#8217;s future plans.<\/p>\n\n\n\n<p>The H\u00e4rgm\u00e4e 20 business building is being constructed by <strong>Mitt&amp;Perlebach, whose founder and co-owner, Kristjan Mitt<\/strong> confirmed that work is proceeding smoothly and according to plan. &#8220;We are committed to contributing to sustainable projects, and T\u00e4hetorni Tehnopark is a great example. The buildings feature a 600 kW solar park on the rooftops, covering around half of the annual electricity consumption of the tenants,&#8221; Mitt stated.<\/p>\n\n\n\n<p>T\u00e4hetorni Tehnopark is the largest modern business park in Tallinn, with a total development area of 60,000 m\u00b2, half of which is already completed. In addition to the H\u00e4rgm\u00e4e 20 property, building permits have been issued for three more warehouse buildings. To date, over 30 companies have signed leases within the business park. Favorte is investing a total of \u20ac55 million in the project. More information about the development is available at&nbsp; <a href=\"https:\/\/tahetornitehnopark.ee\/?utm_source=med&amp;utm_medium=pt&amp;utm_campaign=26.02\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/tahetornitehnopark.ee\/<\/a><\/p>\n\n\n\n<p><em>All T\u00e4hetorni Tehnopark buildings are part of the Favorte Stock brand. Favorte is a leading expert in Estonia\u2019s stock-office market segment, with 30 years of experience, 80,000 m\u00b2 of developed business space, and a track record of helping over 130 business clients relocate to more energy-efficient premises.<\/em><\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading9192_6fd762-5a, .wp-block-kadence-advancedheading.kt-adv-heading9192_6fd762-5a[data-kb-block=\"kb-adv-heading9192_6fd762-5a\"]{font-style:normal;}.wp-block-kadence-advancedheading.kt-adv-heading9192_6fd762-5a mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading9192_6fd762-5a[data-kb-block=\"kb-adv-heading9192_6fd762-5a\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading9192_6fd762-5a img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading9192_6fd762-5a[data-kb-block=\"kb-adv-heading9192_6fd762-5a\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading9192_6fd762-5a wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading9192_6fd762-5a\"><\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/tahetornitehnopark.ee\/wp-content\/uploads\/2025\/02\/Hargmae_20_autor_Rain_Aduson-1024x683.jpg\" alt=\"\" class=\"wp-image-9187\" srcset=\"https:\/\/www.tahetornitehnopark.ee\/wp-content\/uploads\/2025\/02\/Hargmae_20_autor_Rain_Aduson-1024x683.jpg 1024w, https:\/\/www.tahetornitehnopark.ee\/wp-content\/uploads\/2025\/02\/Hargmae_20_autor_Rain_Aduson-300x200.jpg 300w, https:\/\/www.tahetornitehnopark.ee\/wp-content\/uploads\/2025\/02\/Hargmae_20_autor_Rain_Aduson-768x512.jpg 768w, https:\/\/www.tahetornitehnopark.ee\/wp-content\/uploads\/2025\/02\/Hargmae_20_autor_Rain_Aduson-1536x1024.jpg 1536w, https:\/\/www.tahetornitehnopark.ee\/wp-content\/uploads\/2025\/02\/Hargmae_20_autor_Rain_Aduson.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading9192_3e86fd-f3, .wp-block-kadence-advancedheading.kt-adv-heading9192_3e86fd-f3[data-kb-block=\"kb-adv-heading9192_3e86fd-f3\"]{font-style:normal;}.wp-block-kadence-advancedheading.kt-adv-heading9192_3e86fd-f3 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading9192_3e86fd-f3[data-kb-block=\"kb-adv-heading9192_3e86fd-f3\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading9192_3e86fd-f3 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading9192_3e86fd-f3[data-kb-block=\"kb-adv-heading9192_3e86fd-f3\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading9192_3e86fd-f3 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading9192_3e86fd-f3\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Real estate developer Favorte is progressing with the expansion of T\u00e4hetorni Tehnopark, located along Paldiski Road, according to the planned scope and schedule. Construction company Mitt&amp;Perlebach has already started building the business park\u2019s sixth warehouse. The 3,600 m\u00b2 stock-office building at H\u00e4rgm\u00e4e 20 is expected to be completed in December. According to Liina Tettermann, Sales&#8230;<\/p>\n","protected":false},"author":1,"featured_media":9181,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kadence_starter_templates_imported_post":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-9192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.tahetornitehnopark.ee\/en\/wp-json\/wp\/v2\/posts\/9192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tahetornitehnopark.ee\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tahetornitehnopark.ee\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tahetornitehnopark.ee\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tahetornitehnopark.ee\/en\/wp-json\/wp\/v2\/comments?post=9192"}],"version-history":[{"count":2,"href":"https:\/\/www.tahetornitehnopark.ee\/en\/wp-json\/wp\/v2\/posts\/9192\/revisions"}],"predecessor-version":[{"id":9194,"href":"https:\/\/www.tahetornitehnopark.ee\/en\/wp-json\/wp\/v2\/posts\/9192\/revisions\/9194"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tahetornitehnopark.ee\/en\/wp-json\/wp\/v2\/media\/9181"}],"wp:attachment":[{"href":"https:\/\/www.tahetornitehnopark.ee\/en\/wp-json\/wp\/v2\/media?parent=9192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tahetornitehnopark.ee\/en\/wp-json\/wp\/v2\/categories?post=9192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tahetornitehnopark.ee\/en\/wp-json\/wp\/v2\/tags?post=9192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}