Estonia, Investments, Real Estate

The total revenue for the first three months of 2015 was 3.1 million euros, a decrease of 1% compared to the reference period (First quarter 2014: 3.2 million euros).

The net operating result during the three months decreased by 0.2 million euros (31%) compared to the reference period, totalling to losses of 0.7 million euros (first quarter 2014; loss of 0.6 million euros).

During the first quarter of 2015, Pro Kapital continued the construction works in two of its new residential development projects – Šaltinių Namai in Vilnius and Tondi Quarter in Tallinn. In the framework of the Peterburi 2 shopping centre development in Tallinn the tender process for choosing the main contractor was carried on and the company continued to sign the lease agreements for the premises.