Citycon acquired the plots at Kotkapoja 1, 3, 5 adjacent to the Kristiine centre’s parking lot and is planning real estate development on the acquired land.
The plots have an area of 5690 square meters and have the intended purpose of residential area.
Approximately 130 stores on more than 40 000 square meters of business space are operating in Kristiine.
Kristiine has 110 different fashion stores and 16 places to eat and is daily visited by about 16,000 people.
The future development plan of the company also envisages the development of Rocca al Mare, another centre located in Tallinn, into a multifunctional living environment of the region.
Rocca al Mare centre in western Tallinn is planning to expand on account of the current parking lot, by building additional shopping as well as office space with the plans to also construct residential premises and a hotel.