The leading Baltic real estate company E.L.L. Real Estate has re-branded itself to Kapitel as a unified brand in all markets. Kapitel focuses on creating and managing sustainable, functional and aesthetic environments for people and companies to flourish. Kapitel follows the long-term strategy, managing the whole development cycle and remaining as property owners of the projects developed.
“With 20 years of experience in commercial real estate development and management, E.L.L. Real Estate has outgrown the Baltic States and is expanding also to new markets. The new brand and redefined values act as a roadmap for us to grow our business, strengthen the commitment of our employees and satisfy ever-changing needs of our current and future customers,” said Taavi Ojala, CEO of Kapitel.
Kapitel (www.kapitel.ee), former E.L.L. Real Estate is one of the largest real estate developers in the Baltic States, developing and managing shopping centres, hotels and office buildings. The group´s real estate portfolio includes over 185,000 m² of leasable area. The company has holdings in several leading shopping centres (Spice and Spice Home in Riga; Panorama in Vilnius, Viru Keskus in Tallinn) and four office buildings (Delta Plaza and Sõpruse Ärimaja in Tallinn, Narbuto 5 in Vilnius and Palac Pavlova in Prague). The group owns Nordic Hotel Forum (operator OÜ Nordic Hotels) and together with AS Infortar it owns Tallink City Hotel operated by Tallink Hotels. The company was founded in 1997 and is 100% Estonian-owned. The revenue for 2016 was EUR 42 million. Currently the group’s Estonian, Latvian, Lithuanian branches employ 50 people.
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