Estonia, Good for Business, Logistics, Real Estate, Transport

The park, to be called Ringtee Aripark, is to cost about 120 million euros in total. 

Tomas Salamae, board member of the project's sales partner Restate Property Advisors OU, said in a press release that according to the spatial plan almost 350,000 square meters of production and commercial buildings can be established in the park.

Hammerhead's Board Member Rasmus Tali said that the construction of the logistics park spanning more than 20 hectares is estimated to take more than seven years.

"The crucial factor for us in making the decision was that the properties already have a valid detailed spatial plan, which enables to start with the project right away," Tali added. 

The park will be developed by Hammerhead OU and builder Eventus Ehitus OU.