The real estate developer Everaus Kinnisvara AS, through its subsidiary Lennuradari Laod OÜ, has signed a construction agreement with AS Maru Ehitus to begin the expansion of the Lennuradar business complex in Rae municipality.
The project will add four modern commercial buildings with warehouse and stock-office spaces, totaling 4,000 square metres and comprising 56 business units. Two of the buildings will be completed and opened to tenants by the end of 2025, and the remaining two will be finished in spring 2026.
The Lennuradar complex includes warehouse and stock-office spaces ranging from 45 to 78 square metres. The complex was acquired at the end of 2024, at which point three buildings with 42 fully leased business units (totalling 2,500 square metres) were already completed. Once the expansion is completed, the full complex will consist of 106 business units — a strong cash-flow project that contributes to the growth of Everaus Kinnisvara’s stable rental portfolio.
“Everaus Kinnisvara’s long-term strategic goal is to strengthen its position in the commercial real estate sector, particularly in the warehouse and stock-office segment,” said Janar Muttik, founder and CEO of Everaus Kinnisvara.
“The Lennuradar business complex has proven its appeal in both location and concept. There is strong demand for warehouse and stock-office units targeted at small and medium-sized enterprises in the logistically advantageous Rae municipality,” he added.
Everaus Kinnisvara is an ambitious residential and commercial real estate developer. Founded in 2015 as a private housing developer, the company has grown into one of Estonia’s most diversified developers, with a portfolio that includes apartment buildings, terraced houses, semi-detached and detached homes, office buildings, warehouses, stock-office spaces, and self-storage facilities. While residential developments are built for sale, commercial properties are developed as rental cash-flow projects to diversify risk and are retained in the company’s ownership.
Everaus Kinnisvara is the only real estate developer in Estonia whose residential projects have consistently received top recognition in national home design competitions. Thanks to its forward-thinking approach, the company has earned the title “first of its kind” for several of its developments.
