Mainor Ülemiste sees 20% increase in Q3 profits

Mainor Ülemiste sees 20% increase in Q3 profits

Published at: 2018-11-06 11:00 | Author: CIJ Baltics
Mainor Ülemiste reported a 20.3-percent y-o-y increase in profits during the third quarter. Growth was driven by an 11-percent bump in sales as well as 97-percent occupancy at its 127,000 sqm Ülemiste City office complex in Tallinn. The company’s sales exceeded €2.1m in Q3, while profits increased to more than €1.6m. Mainor Ülemiste also secured a €10m loan for the construction of a 13-story apartment building and an eight-story office building. Both projects are set for completion in early 2020. The company is also developing a 12-story office building and a five-story parking garage at its Technopolis office complex, which is scheduled to come on-line in 2020.

Similar Stories:

Loss making WeWork raises another $3bn
WeWork has received a $3bn injection from the Japanese-based conglomerate SoftBank, which  »
RUCH S.A. remains at Francuska Office Centre
Fincores Business Solutions, part of RUCH S.A., has extended its lease on 627 sqm at the F  »
Europejski Offices 100% leased
Cushman & Wakefield has finished leasing the recently refurbished Europejski Offices i  »
Polish office demand stands at nearly 1.1 million sqm
Demand for Polish office space stood at almost 1.1 million sqm between January and Septemb  »
on behalf of a separate account for a German pension scheme, administered by Institutional   »
Czech Republic  ♦  100 Towers lands Táborská 31
The growing collection of Czech domestic investors that’s become such a force on the loc   »
Romania’s tallest building, the 137m Sky Tower in Bucharest, is to be surpassed next yea   »
Czech Republic  ♦  Three PropTech myths debunked
Something is happening here. And as it happens with anything that’s new, the whole movem   »