On 25.02.2014 AS Pro Kapital Grupp group company OÜ Marsi Elu and AS Nordecon concluded the contract for construction of Tondi Residential Quarter located at Tallinn Kristiine district. The construction contract is split into three phases.
In February 2015 the construction of a 5-story residential building with 31 apartments, semi-underground parking floor, central plaza and necessary roads and external networks was completed in the first construction phase. In December 2014 the second construction phase was started which will result in completion of 5-story residential building with 31 apartments by November 2015.
OÜ Marsi Elu has on 26.06.2015 notified AS Nordecon to start with the works of the third construction phase. In the third construction phase a 5-story residential building with 31 apartments will be constructed. The planned completion of the works is May 2016. The price of the construction works of third construction phase is approximately two million Euros, to which VAT is added.
Apartments sold at Marsi 3 / 3a / 3b development:
| Building | Address | Number of apartments | Apartments sold | Completion |
| 1 | Marsi 3 | 31 | 25 | 02.2015 |
| 2 | Marsi 3b | 31 | 12 | 11.2015 |
| 3 | Marsi 3a | 31 | 4 | 05.2016 |
| as of 26.06.2015 | ||||
AS Pro Kapital Grupp CEO Paolo Michelozzi comment: "We are pleased with the sales results of the Tondi Residential Quarter. Tondi Residential Quarter has been well received by the buyers and the continuous interest of the buyers has given us the assurance to start with the construction of yet another building. At its completion Tondi Residential Quarter will be the first complete district built close to the city center, which is built in 21 century and based on the modern values".
Additional information:
More precise information on Tondi Residential Quarter can be found at www.tondilinna.ee
OÜ Marsi Elu is a real-estate development company established in 2014 for the development of Marsi 3 / 3a / 3b residential building located in Tallinn. 65% of the shares of OÜ Marsi Elu belong to AS Tondi Kvartal. AS Tondi Kvartal is a company established 07.10.1997, which belongs 100% to AS Pro Kapital Eesti. AS Pro Kapital Eesti is 100% subsidiary of AS Pro Kapital Grupp. AS Tondi Kvartal is the owner of the land plots needed for the development of the Tondi residential area.
Allan Remmelkoor
Member of the Management Board
Tel.: +372 6144 920
Email: allan.remmelkoor@prokapital.ee