Baltic states

The Group operates a real estate development business in the Baltic States (Estonia, Latvia and Lithuania), through its subsidiary Prokapital⁵. This activity consists in the construction, renovation and development of residential buildings and the creation of residential and commercial districts.

Group strategy is based on several pillars:

A focus on mid-range and high-end residential properties, taking advantage of the increase in real estate prices that has occurred in recent years and the dynamism of its markets.
It owns large tracts of high-quality land covering some 250,000 square meters in Tallinn (Estonia), Vilnius (Latvia) and Riga (Lithuania). Still available for development, these plots offer a strong visibility on its activity until 2032.
The renewal of land inventories to continue its long-term development; a significant acquisition in Vilnius was made in 2022.

Prokapital is renowed as the first real estate company in Baltics and was named the most competitive real estate company by the CECI in 2022 (Estonian Chamber of Commerce and Industry).

See some of our most outstanding projects

Kristiine City

Talinn (Estonia)

Kristiine City/ Kindrali Houses

Kristiine City is one of the largest residential areas in the Baltic States, located in the Kristiine district, close to Tallinn city centre. The Company planned to develop this project in five phases, the first two of which have been completed and which consisted of (i) the renovation of a historic red-brick building (Tondi 51), a former officers' building (Marsi 6) and a former stable (Ratsuri Houses), and (ii) the construction of 13 buildings (ten "Marsi Houses" and three "Kindrali Houses") comprising more than 300 apartments for the former and 195 apartments for the latter.

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Kalaranna

Talinn (Estonia)

Kalaranna

The Kalaranna district is a residential area located along the seashore, close to the historic centre of Tallinn. This two-phase development project will eventually include 12 residential buildings (4 or 5 floors), restaurants and commercial areas covering a total surface area of almost 6 hectares. During the first phase, which began in January 2020 and was completed in 2022, eight buildings were built and delivered, comprising 239 flats, commercial premises and an underground car park. The second phase kicked off in April 2023. It includes the construction of four buildings with 146 apartments, and four commercial premises.

This project was nominated in the "Development Project 2022" category at the Tallinn City Entrepreneurship Awards.

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Riga (Latvia)

Kliversala District/Breeze residence

At the heart of the growing district of Kliversala a first exclusive residential building – River Breeze Residence – has been constructed and fitted out. This residence is located in the UNESCO heritage protection zone and, as such, is considered to be an area of great value.
The next phases of the Kliversala project are now under way.
This project has received the Baltics Prestige Award, recognizing the architecture of the River Breeze Residence.

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Riga (Latvia)

Tallinnas

Tallinnas street 5/7 in Riga plans a series of residential buildings, with commercial premises on the first floor. The residential complex is made up of both newly constructed buildings and restored historic buildings.

Vilnius (Lithuania)

Šaltiniu Namai/phase 2

Saltinių Namai - Attico is inspired by the baroque spirit of Vilnius Old Town and the tradition of Italian architecture in Lithuania.

Five new apartment buildings on the edge of Vilnius Old Town have been completed.

The second phase of Saltiniu Namai - Attico, comprising 41 residential units and 1,500 square meters for commercial use, is under planification.

Bad Kreuznach (Germany)

Parkhotel Kurhaus

PREATONI Group operates the Parkhotel Kurhaus hotel in the spa town of Bad Kreuznach in Germany. Built in 1913 and completely renovated in 2023, this 4-star hotel offers 116 rooms, 11 meeting and conference rooms, a restaurant, a bar and a wellness area.

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⁵ ProKapital is listed on the Nasdaq Baltic Stock Exchange in Tallinn (ISIN: EE3100006040 – PKG1T).