Technopolis Ülemiste AS to invest 25 million euros in new office building and parking house

Technopolis Ülemiste AS, the developer behind the Ülemiste City campus, is set to invest 25 million euros in a new 12-storey office building, a five-storey parking house and adjacent square at Sepapaja 1. The parking house is due for completion by the end of 2019 and the office building by spring 2020.

Gert Jostov, the chairman of the management board of Technopolis Ülemiste AS, says that the current market situation favours the construction of new office buildings in Ülemiste City. “The vacancy in our campus is well below the market average,” he explained. “There’s demand for new office spaces both within the campus itself, where companies are always looking for opportunities to expand, and outside of it. That’s a great position to be starting from and should guarantee the project’s success.”

Construction at Sepapaja 1 will substantially change the appearance of Ülemiste City. The office block and parking house will form the business park’s “gateway buildings”, situated close to two of its key entrances: Suur-Sõjamäe and Lõõtsa streets. Together they will become an important landmark for anyone approaching Ülemiste City from the direction of Lasnamäe and city center.

“The southern side of the office building will also feature a square with flagpoles, a fountain and space to sit in where in future we’ll be hosting a range of events,” Jostov added. “With it the centre of Ülemiste City will shift even more towards this part of the campus.”

The new office building will have a rentable area of 10,800 m², it will have a recognisably big-city appearance, marked out by its expansive, gradually sloping glass facade. At the heart of the building will be its high-ceilinged 1st floor, featuring a foyer and reception desks, and with space for catering and commercial premises.

The office building and parking house will be linked by a gallery, with entrance to the parking station from Suur-Sõjamäe Street. In addition to holding more than 540 cars, the parking house will feature an area for parking and securing bicycles.

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