Baltika is set to establish the Baltika Quarter, a project that is expected to unite the design and creative companies in the centre of Tallinn. In the beginning of 2008, Baltika launched the first phase of the Baltika Quarter involving reconstruction of the former sewing factory into a five-storey and 10,000 square metre business centre. The largest premises of the new centre will be occupied by Baltika's headquarters and a unique experimental store. The rest of the space will be let. The first phase of the development project should be completed in May 2009 and the total cost of the project is estimated to be approximately 160 million kroons (10 million euros). The second phase of the development project includes constructing of an additional building on the territory of Baltika's courtyard as well as landscape works. The time schedule of the second phase will be determined after the completion of the first phase. The main contractor of the construction works is Harju Ehitus. The architectural solutions of the building complex were developed by the architects of the design bureaus 3+1 and Studio 3. Triin Palge Head of investor relations +372 630 2886