• Construction progress: Construction of the Künka Stockoffice is advancing steadily, steel wall and roof structures are completed since last stage, plinth panels prepayment made. Construction is 30% complete.
• High future value of the property: The future value of the completed Künka Stockoffice is expected to be EUR 836 000 (excluding VAT) and EUR 940 000 after five years.
• Strategic location: The Künka Stockoffice is strategically situated conveniently between the Paldiski commercial port and Tallinn, just 18 km from Tallinn city center, and close to Keila, Saue, and the main Tallinn-Riga highway
• Low competition: There is a low supply of modern stock offices in the area, making the Künka Stockoffice an attractive option for potential tenants. This unique positioning in the market ensures high demand and minimal competition.
• Robust infrastructure: The project benefits from well-developed infrastructure, including present communications and necessary construction permits.

About the project owner:
Thörn Properties OÜ specializes in construction of residential and non-residential buildings. The developer has over 14 years of experience and has successfully completed 8 Real Estate development projects, over 6 175 m² in total, since 2013 in the same region.

Project objective:
The project owner is constructing a commercial rental property called Künka Stockoffice. The project consists of the development of two floors with a total rental area of 1 042.2 m². The building will comprise 5 separate units, each with a separate sales hall (44 m²), a warehouse (137 m²) and a toilet (1,6 m²). 3 of the leased units will feature an additional 42 m² room on the upper floor. The project is ideal for medium-sized manufacturing companies and investors seeking rental premises.

The project benefits from well-developed infrastructure, including present communications and necessary construction permits. The Künka Stockoffice is strategically situated conveniently between the Paldiski commercial port and Tallinn, just 18 km from Tallinn city center, and close to Keila, Saue, and the main Tallinn-Riga highway. This prime location offers excellent connectivity for medium-sized manufacturing companies and investors.

Project progress: 
The project started in 2021 when the project owner bought the land. Since the start of the project, the owner has obtained a building permit and built the foundations and utilities at his own expense. The foundation is completed, since last stage steel wall and roof structures are completed, plinth panels prepayment made and the funds raised for this phase will be used to continue the construction work. Repayment of the loan is expected at the end of the project's term, and once the construction of the project has been completed and the lease agreements have been concluded, the project will be refinanced with a long-term loan from another credit institution.

The maximum financed amount: EUR 600 000 (EUR 60 000 already raised). The project is financed on the basis of the current valuation of the collateral until it reaches the established maximum loan-to-value ratio LTV of 65%. Once the maximum LTV has been reached, a new valuation of the property will have to be carried out and further rounds of financing for the Project will only be advertised and collected if the set maximum LTV is not exceeded.

Interest by investment amount:
– From 100 EUR to 199 EUR – 9.20%
– From 200 EUR to 499 EUR – 9.60%
– From 500 EUR to 1 499 EUR – 10.00%
– From 1 500 EUR to 4 999 EUR – 10.30%
– From 5 000 EUR – 10.70%
Important: investments made separately are not accumulated.

We plan to collect the target amount within 7 days with the possibility to extend it to 30 days if the target is not reached.