Mainor Ülemiste Subsidiary Signs 30-Million-Euro Loan Agreement for Construction of Masing Office Building
Mainor Ülemiste AS subsidiary TÜC Majad OÜ and Swedbank have signed a 30-million-euro loan agreement to finance the construction of a 13-storey office building with an A-energy class and gross area of 27 300 square metres in the Ülemiste City at Lõõtsa 1 B/C.
The total investment cost is approximately 48 million euros excluding VAT, and the construction tender for the office building was won by AS Merko Ehitus Eesti. Construction work on the building will begin in March 2026 and the planned completion date is November 2027. The new building will be built to the highest environmental standards: it will have A-energy class, district heating and cooling, and a 150-kW solar panel system.
Swedbank is Mainor Ülemiste's long-term and largest financial partner, that has helped develop the Ülemiste City campus for 20 years. Swedbank's predecessor, Hansapank, was one of the first banks to start financing the Ülemiste City developments, and Swedbank has financed the construction of nearly ten buildings.
Ülemiste City, developed by Mainor Ülemiste, is a community focused on innovation and collaboration, offering tenants opportunities to grow faster, find good partners and be conveniently connected with foreign partners. The new Viktor Masing building is planned to support growth, with flexible office space, natural and responsible design and smart building solutions.
The total investment cost is approximately 48 million euros excluding VAT, and the construction tender for the office building was won by AS Merko Ehitus Eesti. Construction work on the building will begin in March 2026 and the planned completion date is November 2027. The new building will be built to the highest environmental standards: it will have A-energy class, district heating and cooling, and a 150-kW solar panel system.
Swedbank is Mainor Ülemiste's long-term and largest financial partner, that has helped develop the Ülemiste City campus for 20 years. Swedbank's predecessor, Hansapank, was one of the first banks to start financing the Ülemiste City developments, and Swedbank has financed the construction of nearly ten buildings.
Ülemiste City, developed by Mainor Ülemiste, is a community focused on innovation and collaboration, offering tenants opportunities to grow faster, find good partners and be conveniently connected with foreign partners. The new Viktor Masing building is planned to support growth, with flexible office space, natural and responsible design and smart building solutions.
