Technopolis Ülemiste Posts EUR 6.5 Million Net Profit in 2015

The net sales of AS Technopolis Ülemiste, the developer of the Ülemiste City campus, was EUR 11 million in 2015, with net profit of EUR 6.5 million. The company’s equity increased to EUR 51 million by the end of the reporting period. The most important construction projects during the year were the representative building of the campus at Lõõtsa 5 and a modern parking station erected within the framework of an historic building.

“2015 was a year of realisation of many projects for Technopolis Ülemiste,” says Chairman of the Board, Gert Jostov. “Our financial results, which were reliant on a number of projects being completed successfully, are encouraging. In January we opened the first parking station in the campus at Valukoja 4c, with around 280 parking spaces on six floors. It was among the nominees for the Concrete Building of the Year award organised by the Association of Construction Material Producers of Estonia. Both the builder and the architecture received a special prize.”

October saw the opening of the tallest office building in the campus: the 13-storey Bernhard Schmidt building at Lõõtsa 5. “It meets the highest environmental and quality standards, and we’re applying for the international LEED Gold certification for it,” Jostov explains. “Its outstanding facade was inspired by the QR code, and the south side is covered by 275 integrated solar panels – one of the largest installations of its kind mounted on a building in Estonia. The building was awarded the City of Tallinn’s Best Development Project title. With its completion, the leased space available in Technopolis Ülemiste increased to around 74,000 m², which makes us the biggest owner of office buildings in Tallinn.”

The year 2015 also saw renovations to the facade of the Sepapaja 2 building, where there are plans to construct a food store for the 7,000 people working in the campus. “And we have other development projects in the pipeline, too,” says Jostov. “There’s a 13-storey office block at Lõõtsa 12, and a parking station with around 420 spaces at Lõõtsa 11, currently in the planning and at the building permit application stage. The aim is to invest around EUR 18 million in their construction over the next few years. We continue to grow.”

According to the architectural plans, within the next 15 years the Ülemiste City campus will become a multi-functional business and living environment operating around the clock. The number of people working in the campus is expected to grow to 15,000, and the resident population to 5,000. “Ülemiste will be the fastest-growing region in Tallinn over the next 10-15 years,” says Jostov. “It really could develop into its own separate city district.”



Technopolis Ülemiste offers suitable spaces for companies of all sizes. Whether your company needs an office on a permanent basis or flexible use of spaces, we make …