Avala is located in Tallinn, the capital of Estonia. Estonia is an e-country with a favourable business climate and numerous cost advantages. It is also very open to foreign investment.
In 2013, Estonia placed 13th in The Wall Street Journal and Heritage Foundation’s Global Economic Freedom Ranking, well above the regional and world avarages, putting Estonia fourth among European countries, behind Switzerland, Denmark and Ireland.
Currency: Since 1 January 2011, Estonia has been a member of Eurozone and the currency in Estonia is the euro. Estonia became the OECD's 34th member country on 9 December 2010. Tax system: 21% flat income tax rate, reinvested corporate profits are not taxed; VAT is 20%.
Foreign investors are guaranteed a level playing field with local firms, including unrestricted repatriation of profits and capital along with the right to own land. Many costs such as energy, labour, transport services, telecommunications and property are considerably lower than in other parts of Europe. Investors find they can achieve Scandinavian levels of quality at lower costs.
The 10 ha Avala business district is in the vicinity of the city centre, close enough to cycle or even walk to work.Its focus on international clients makes the close proximity of the airport relevant – it is a 3-minute drive away. The buildings have marvelous views of Lake Ülemiste on one side, and the city and sea on the other.
Avala is a business district working on the basis of the open economy principle. It was designed by the world's leading architectural company, HOK, to unite open minded, innovative and knowledge-based enterprises. Avala will be home to enterprises with great development potential that create value and mutual benefit by sharing specialised knowledge.
Avala is positioned at the hub of technological development and is therefore facing towards the future even now, as Estonia has become a pioneer in the progress of information technology in Europe. Avala is unique among the business campuses of Tallinn: only a short walk from the city centre, yet comfortably accessible from both the airport and port.
The architecture and engineering of Avala will be aimed at creating a sustainable and healthy working enviroment. Avala is easily accessible via private and public transport, making it a perfect home to companies with different profiles. The planned Rail Baltic is situated alongside the business dstrict.
|Office space||GBA 95,000 m2|
|Commercial and service space||GBA 20,000 m2|
|Number of floors||up to 13|
Avala is a business campus that will offer its customers meeting and conference rooms of various sizes, the most up-to-date technology (including all support services), and rest and recreational facilities. It will have several eateries, a supermarket, gym, childcare, car wash, beauty parlors and a number of other services to make clients feel comfortable.
Kaamos Group is one of Estonia's most reliable real estate developers. Over the last 10 years, Kaamos has developed office spaces as well as apartment buildings, warehouses and commercial premises. Amongst their top projects is the biggest office building in Estonia – the magnificent 24,000m2 Tammsaare Ärikeskus.
With in-house engineers and construction professionals, Kaamos guarantees cost effective and high-quality development.
For further reference, please visit www.kaamos.ee
+372 502 8519
+372 510 9499
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