US Real Estate now has a new chairman of the board, Gert Jostov, who has led the development of Technopolis Ülemiste for over 15 years. The main goal of the new manager is to turn US Real Estate into the largest commercial real estate developer in Estonia.
“As always, we have big plans. The USRE 2035 plan envisages an increase in the value of the real estate portfolio from 350 million to 1 billion euros. Obviously, this requires attracting different investors and, as a result, a new management model – in which Gert has extensive experience,” said the chairman of the council of US Invest Urmas Sõõrumaa.
“I came here with plans to increase US Real Estate’s commercial real estate portfolio to the largest in Estonia. After 15 years of experience in the development of Ülemiste City, for me this is a logical and at the same time challenging continuation of work in the real estate sector. If we implement all the ideas, USRE’s real estate portfolio will soon be worth over 1 billion euros,” said Gert Jostov. “We will initially focus on the launch of the Golden Gate office building, which will be completed in the spring of 2025.”
The position of chairman of the board of US Real Estate will be transferred to Jostov by Martin Kolga, who has worked in the company for five years and now wishes to devote time to himself and his family: “I am grateful that I had the opportunity to lead a company with such a talented team and excellent projects. I wish Gert every success! He is a very experienced property manager, so I can pass the baton to him with peace of mind.”
“I would like to thank Martin for these five years, and I really hope that after he has rested, we will be able to combine his and Gert’s experience to achieve our ambitious goals,” added Urmas Sõõrumaa.
US Real Estate is a company owned by Urmas Sõõrumaa, which has a portfolio of more than 130,000 m2 of rented commercial space and more than 200,000 m2 of space under development. The company owns commercial, educational and sports real estate, and develops comprehensive business and residential environments, including the Rotermann Quarter, Golden Gate, Talsinki, Patarei Sea Fortress and Park Tondi. The total value of the company’s real estate portfolio exceeds 350 million euros.
