13 commercial properties across Estonia and Latvia
Skala Capital’s portfolio comprises 13 commercial properties in Estonia and Latvia, with a total net leasable area of more than 70,000 m² and over 200 tenants. The portfolio spans the retail, industrial, stock-office, and office segments, with no single tenant representing more than 7% of rental income. Occupancy has remained above 97% throughout the recent period of elevated inflation and interest rates.
- €110M+Portfolio value
- 70,000+ m²Net leasable area
- 200+Tenants
- >97%Occupancy rate
Portfolio
RETAIL
Mustamäe Keskus
Tallinn · Mustamäe district
Rimi · Apollo Kino · My Fitness
Neighbourhood shopping centre in Mustamäe, one of Tallinn’s largest and densest residential districts. Anchored by Rimi, Apollo Kino — the most-visited cinema in Estonia — and My Fitness, with all major tenants operating under long-term leases renewed at market rates. The surrounding area is undergoing residential and infrastructure expansion.
14,300 m² NLA Built 2016
Rimi · Apollo Kino · My Fitness
Neighbourhood shopping centre in Mustamäe, one of Tallinn’s largest and densest residential districts. Anchored by Rimi, Apollo Kino — the most-visited cinema in Estonia — and My Fitness, with all major tenants operating under long-term leases renewed at market rates. The surrounding area is undergoing residential and infrastructure expansion.
14,300 m² NLA Built 2016
INDUSTRIAL / SERVICES
Priisle Äripark
Tallinn · Lasnamäe district district
Assa Abloy
Industrial and services business park on the edge of Lasnamäe, Tallinn’s largest residential district. The park accommodates a diverse mix of small and mid-sized businesses across B2B services, light production, and consumer-facing trades, with Assa Abloy as the primary anchor tenant.
15,000 m² NLA Built 2016-2022
Assa Abloy
Industrial and services business park on the edge of Lasnamäe, Tallinn’s largest residential district. The park accommodates a diverse mix of small and mid-sized businesses across B2B services, light production, and consumer-facing trades, with Assa Abloy as the primary anchor tenant.
15,000 m² NLA Built 2016-2022
RETAIL
Juglas
Riga · Juglas Street
McDonalds's · KFC
Modern retail complex completed in 2023, located on Juglas Street in Riga in a high-traffic retail corridor adjacent to major regional anchors. Fully leased to international food and service operators including McDonald’s and KFC, under long-term agreements.
3,100 m² NLA Built 2023
McDonalds's · KFC
Modern retail complex completed in 2023, located on Juglas Street in Riga in a high-traffic retail corridor adjacent to major regional anchors. Fully leased to international food and service operators including McDonald’s and KFC, under long-term agreements.
3,100 m² NLA Built 2023
INDUSTRIAL
Maleva Äripark
Tallinn · Central district
Sanomar Kinnisvarahooldus
Light industrial business park in central Tallinn, serving a range of local production and service businesses. Benefits from a central residential location with limited competing supply in the immediate area.
8,300 m² NLA Built 2019
Sanomar Kinnisvarahooldus
Light industrial business park in central Tallinn, serving a range of local production and service businesses. Benefits from a central residential location with limited competing supply in the immediate area.
8,300 m² NLA Built 2019
RETAIL
Linnamäe Keskus
Tallinn · Lasnamäe district
Prisma · Olympic Casino
Neighbourhood retail centre in Lasnamäe, Tallinn, anchored by Prisma and Olympic Casino. The centre serves a dense residential catchment and is undergoing concept development to optimise its tenant mix and enhance the visitor experience.
4,600 m² NLA Built 2021
Prisma · Olympic Casino
Neighbourhood retail centre in Lasnamäe, Tallinn, anchored by Prisma and Olympic Casino. The centre serves a dense residential catchment and is undergoing concept development to optimise its tenant mix and enhance the visitor experience.
4,600 m² NLA Built 2021
STOCK-OFFICE
Taevakivi Stock-Office
Tallinn · Lasnamäe district
Miss Mary of Sweden · PharmaMint
Stock-office complex in Tallinn comprising several mid-sized units suitable for storage and office use. Located in a high-traffic area with strong surrounding retail infrastructure, including a large DIY retail development under construction nearby.
5,650 m² NLA Built 2021
Miss Mary of Sweden · PharmaMint
Stock-office complex in Tallinn comprising several mid-sized units suitable for storage and office use. Located in a high-traffic area with strong surrounding retail infrastructure, including a large DIY retail development under construction nearby.
5,650 m² NLA Built 2021
INDUSTRIAL
Kangru 17 Stock-Office
Near Tallinn · Kangru
Frasten Northcraft (OCCO)
Production and storage facility near Tallinn anchored by a furniture manufacturing tenant (Frasten Northcraft). Located in a growing light industrial corridor with further business park development planned in the surrounding area.
4,800 m² NLA Built 2021
Frasten Northcraft (OCCO)
Production and storage facility near Tallinn anchored by a furniture manufacturing tenant (Frasten Northcraft). Located in a growing light industrial corridor with further business park development planned in the surrounding area.
4,800 m² NLA Built 2021
STOCK-OFFICE
Artelli 19 Stock-Office
Tallinn · Light industrial district
Superhands · Van Der Knox
Stock-office property in an established light industrial district of Tallinn, comprising several mid-sized units occupied by B2B-oriented businesses. Key tenants include Superhands and Van Der Knox.
4,800 m² NLA Built 2020
Superhands · Van Der Knox
Stock-office property in an established light industrial district of Tallinn, comprising several mid-sized units occupied by B2B-oriented businesses. Key tenants include Superhands and Van Der Knox.
4,800 m² NLA Built 2020
PRODUCTION
Ilunurme 2 Production Facility
Near Tallinn · Industrial area
Nordic Shelter Production
Industrial production facility near Tallinn, fully let to Nordic Shelter Production, a manufacturer of container solutions. The tenant operates in a sector benefiting from increased regional demand.
5,400 m² NLA Built 2021
Nordic Shelter Production
Industrial production facility near Tallinn, fully let to Nordic Shelter Production, a manufacturer of container solutions. The tenant operates in a sector benefiting from increased regional demand.
5,400 m² NLA Built 2021
RETAIL
Maza-Nometnu 37 Smart Offices
Riga · Āgenskalns district
Multi-tenant
Mixed-use office and retail property in Āgenskalns, Riga — a district popular among young professionals and the creative class, within walking distance of the Āgenskalns Market food hall. Approximately 1,950 m² of leasable area, multi-tenanted, with high occupancy and recently refurbished premises.
1,950 m² NLA Built 2012
Multi-tenant
Mixed-use office and retail property in Āgenskalns, Riga — a district popular among young professionals and the creative class, within walking distance of the Āgenskalns Market food hall. Approximately 1,950 m² of leasable area, multi-tenanted, with high occupancy and recently refurbished premises.
1,950 m² NLA Built 2012
© 2026 Skala Holding OÜ · reg. 17350230 ·
Kai 4, Tallinn 10111, Estonia
Kai 4, Tallinn 10111, Estonia