Our anchor tenant will create a strong synergy with Apollo Cinema in Coca-Cola Plaza, integrating into the rhythm of urban lifestyle in the heart of Tallinn with prominent entertainment and catering brands. Along with the nearby Postimaja, this synergy provides an exceptional scope of retail, services, and entertainment, ready to serve the city center client – it is, therefore, the new era of the entire complex,” commented Tarmo Karotam, Manager of Baltic Horizon Fund.
The 5,200 sq. m. cinema space with 11 movie auditoriums in Coca-Cola Plaza is currently operated by Apollo Cinema. Both Apollo Group and Apollo Cinema signed long-term agreements and will operate in Coca-Cola Plaza for at least 10 years.
Apollo Group will open entertainment venues, restaurants and a bookstore in Coca-Cola Plaza.
As a company, we are constantly looking for the new ways to develop so that we could offer new and unique experiences to our clients. Coca-Cola Plaza has plenty of potential to be one of these unique spots in the central Tallinn. So we are looking forward to this partnership and the transformation that is going to happen in less than a year”, said Ivar Vendelin, Chairman of the Supervisory Board of Apollo Group.
The nearby Postimaja has also reached the maximum occupancy, having leases with several current tenants, such as Rimi store and fashion retailers New Yorker and Deichmann, extended for 3 to 5 years. In addition, renowned H&M has expanded with the H&M Home store.
The recent success in both Coca-Cola Plaza and Postimaja indicates that we are able to attract new partners while maintaining the trust of the current ones. Seeing the corresponding developments in all three Baltic States, we can conclude that our long-term strategy and hard work meeting the changes in the retail business with flexibility and a client-oriented approach are paying off, Tarmo Karotam pointed out.
This breakthrough agreement is the latest in the series of successful partnerships Baltic Horizon Fund had recently signed in three Baltic states, one of the latest being a record-setting 3,200 square meters partnership deal with NARBUTAS in Lithuania. The international office furniture manufacturer chose the Baltic Horizon Fund-owned Vilnius Meraki Business Home for its office and exhibition space.
Baltic Horizon Fund manages 12 commercial properties across the three Baltic capitals.
