15.12.2025Mainor 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.

15.12.2025Mainor Ülemiste Has Signed a Contract with as Merko Ehitus Eesti for the Construction of a New Office Building

The construction tender for the Viktor Masing office building was won by AS Merko Ehitus Eesti, which will build a 13-storey office building with an A-energy class of 27,300 square metres of gross area at Lõõtsa 1 B/C. The total investment cost is approximately 48 million euros excluding VAT, and the construction is financed by Swedbank.

Construction of the building will begin in March 2026 and is scheduled for completion in November 2027. The new building will be built to the highest environmental standards: it will have an A-energy class, district heating and cooling, and a 150 kW solar panel system.

Ülemiste City, developed by Mainor Ülemiste, is an innovation and collaboration-oriented community that offers tenants opportunities to grow faster, find good cooperation partners, and be conveniently connected to foreign partners. The new Viktor Masing building is planned to support the growth of tenants businesses, with flexible office space, natural and responsible design, and smart smart home solutions.