TUS Real Estate, the company owned by Urmas Sõõrumaa, will complete the Golden Gate office building—located between Tallinn’s Old Port (Vanasadam) and the Rotermann Quarter—within the next one to two months. Construction of the Talsinki Quarter in the same area will then follow.
The six-story commercial and office building Golden Gate, situated between Rotermann Quarter and the Old Port, is on schedule for completion this spring, and tenants will begin moving in as early as April, US Real Estate CEO Gert Jostov told ERR.
The ground floor of the building will house restaurants and service establishments, which are currently still under construction and being furnished.
According to Jostov, several well-known restaurateurs will open venues in the building:
“Ivari Vokk, winner of MasterChef Estonia, will open his first restaurant, LaBocca, and the Siigur Group — owners of NOA, Paju Villa, and OKO — are also launching a new restaurant at Golden Gate,” he said.
Companies planning to relocate to Golden Gate’s office floors include:
- Law firm RASK
- Adcash
- Workland
- E-Governance Academy
Jostov stated that about 90% of the building is currently leased.
There is also a plan to turn the passage through the building (the “gate”) into a standalone attraction:
“We’re planning digital artworks from global artists on the ceiling of the gate, which we will curate in collaboration with the PoCo Pop Art Museum,” Jostov explained.
The construction cost of the building was approximately €65 million. US Real Estate signed the construction agreement for Golden Gate with Nordecon in November 2023.
Talsinki Quarter Construction Begins This Year
Seaward from Golden Gate, US Real Estate also owns a large plot along the Admiralty Basin at Ahtri 3, currently used as a parking lot. This site will become the future Talsinki Quarter.
“Construction of Talsinki will begin this year,” Jostov confirmed. “This will be US Real Estate’s largest project to date.”
The large-scale development will feature a five-building complex that connects Rotermann to the sea.
Spanning 50,000 square meters, the Talsinki Quarter will include commercial spaces — such as offices, restaurants, and hopefully a hotel, Jostov said. It will also offer 160 residential apartments and 600 underground parking spaces.
The estimated cost of the project is €250 million, with a construction period of 3–4 years, to be carried out in phases.
Patarei: a third major development already underway
US Real Estate’s third major development is the Patarei Sea Fortress project, which is already in progress.
“This summer we’ll complete the 5,000-square-meter museum and the preservation of the entire structure. The museum itself will open in summer 2026,” said Jostov.
The remaining parts of Patarei have not yet found tenants, but Jostov added, news on that may follow soon.
