Year 2017 in premium-class market of the Baltic States - with positive growth

In the annual Baltic Sotheby`s International Realty event results of previous year were summarized   Previous year, 2017, in the premium-class real estate market in the Baltic States showed positive growth. With this conclusion, the annual event of the Baltic Sotheby`s International Realty representations of the all three Baltic States ended in Riga in the hotel Pullman Old Town Riga on February 9, where in ceremonial atmosphere the results of year 2017 were summarized and the best professionals in their field were awarded   The event of annual results was attended by 30 Baltic Sotheby`s International Realty team members from Latvia, Estonia and Lithuania. During the official part the results of concluded transactions and achievements the year 2017 in Latvian, Estonian and Lithuanian companies were presented, as well as the best sales and rental consultants of Baltic Sotheby`s International Realty in Latvia, Lithuania and Estonia were awarded. Looking at the progress and the brightest moments of the last year, also heads of the representations of the three Baltic States shared their thoughts. Paulius Gebrauskas, co-owner of Baltic Sotheby`s International Realty Lithuanian office commenting the situation in premium-class real estate market in Lithuania said: “For us in Lithuania, the year 2017 gain has been a year of growth. Great results were achieved, and we have attracted new, excellent professionals to our office.” Tiia Sooaluste, Sales Director of Baltic Sotheby`s International Realty representation in Estonia: “The premium-class market in Estonia last year was developing in a positive direction that was facilitated by strong economic growth. There was an interest in both the purchase and sale of such properties and, thanks to such development of this market segment many tempting property offers were available. We expect moderate growth for this year, both in terms of amount of transactions and price policy.” Vestards Rozenbergs, Head of Baltic Sotheby’s International Realty Board commenting results of 2017 and trends in Latvia said: “In general, this was a year of stabilization, continuing the market recovery trend of 2016 after recession in 2015. The second half of 2017 we saw increase in demand, especially from local buyers, correction of premium-class prices occurred, and predictability of demand for a certain range of prices was determined. Latvian economics is showing good results, and taking into account European and global economic growth forecasts for 2018 and 2019 the market growth is expected.”   As the most productive sales and rental consultants in 2017 (according to number of transactions concluded) were announced and awards for outstanding work received: In Latvia:

• The best sales consultant - Līga Āboliņa.
• The best rental consultant - Marika Alksnīte.

In Lithuania:

• The best sales consultant –Robertas Karalius.
• The best rental consultant –Mantas Kučinskas.

In Estonia:

• The best sales and rental consultant –Triin Loodus.

  After official part of the event, the members of Baltic Sotheby`s International Realty team from Latvia, Estonia and Lithuania watched a story about Old Riga, enjoyed a special tea ceremony where various, excellently roasted Asian teas from the private collection were tasted, there was also a cigar master class and exquisite dinner. About Baltic Sotheby`s International Realty: Baltic Sotheby`s International Realty is the franchise company in the Baltic States of Sotheby's International Realty, high-class real estate company, founded by the world-famous auction house in 1976. Baltic Sotheby`s International Realty acquired the opportunity to exclusively represent Sotheby's brand in the Baltic States in April 2010 and opened its central office in Riga, afterwards in Tallinn and Vilnius. In total, in all three Baltic offices 30 people are employed.      

2017 год на рынке premium стран Балтии - с положительным ростом

На ежегодном мероприятии  Baltic Sotheby`s International Realty подведены итоги прошедшего года   Прошедший 2017 год на рынке недвижимости премиум-класса в странах Балтии характеризуется положительным ростом. Таким заявлением 9-го февраля в гостинице Pullman Old Town Riga в Риге завершилось ежегодное мероприятие представителей трех Балтийских стран Baltic Sotheby`s International Realty, на котором в торжественной обстановке были подведены итоги 2017 года и вручены награды лучшим профессионалам своего дела.   На итоговом мероприятии года присутствовало 30 участников команды Baltic Sotheby`s International Realty из Латвии, Эстонии и Литвы. Во время официальной части мероприятия были представлены результаты, достижения 2017 года латвийских, эстонских и литовских предприятий, а также награждены лучшие консультанты Baltic Sotheby`s International Realty  по продажам и аренде в Латвии, Литве и Эстонии. Давая оценку достижениям прошедшего года и отмечая самые яркие моменты, своими размышлениями поделились руководители представительств трех Балтийских стран. Паулюс Гебраускас (Paulius Gebrauskas), совладелец литовского бюро Baltic Sotheby`s International Realty, комментируя ситуацию на рынке недвижимости премиум-класса в Литве, сказал: «2017 год, у нас в Литве, был очередным годом роста. Достигнуты великолепные результаты, кроме того, мы привлекли в свое бюро молодых, отличных профессионалов». Директор по продажам представительства Baltic Sotheby`s International Realty в Эстонии Тиа Соалусте (Tiia Sooaluste): «В прошлом году в Эстонии рынок премиум-класса развивался в положительном направлении, чему способствовал сильный экономический рост. Интерес проявлялся как к покупке, так и продаже такой собственности, и благодаря такому развитию сегмента рынка появилось много привлекательных предложений недвижимости. В этом году мы ожидаем умеренный рост как в отношении объема сделок, так и в отношении ценовой политики». Председатель правления Baltic Sotheby’s International Realty Вестардс Розенбергс, комментируя результаты и тенденции 2017 года в Латвии, отметил: «В целом, это был год стабилизации, продолжалось оздоровление рынка, начатое в 2016 году после падения в 2015. Во второй половине 2017 года наблюдался рост спроса, особенно со стороны местных покупателей, произошла коррекция цен премиум-класса и определены ценовые диапазоны спроса. Латвийская экономика демонстрирует хороший результат, ожидается рост рынка, учитывая прогнозы экономического роста в Европе и мире на 2018 и 2019 годы».   Самыми производительными консультантами по продажам и аренде 2017 года (по количеству заключенных сделок) были названы и награды за отличную работу получили: в Латвии:

• лучший консультант по продажам – Лига Аболиня;
• лучший консультант по аренде – Марика Алксните;

в Литве:

• лучший консультант по продажам – Роберт Каралюс (Robertas Karalius);
• лучший консультант по аренде – Мантас Кучинскас (Mantas Kučinskas);

в Эстонии:

• лучший консультант по продаже и аренде – Триин Лодус (Triin Loodus).

После официальной части мероприятия участники команды Baltic Sotheby`s International Realty из Латвии, Эстонии и Литвы посмотрели киноочерк о Старой Риге, наслаждались особенной чайной церемонией, дегустируя разные, великолепной обжарки чаи Азиатского региона из частной коллекции, участвовали в мастер-классе по сигарам, а в завершении вечера был подан изысканный ужин. О Baltic Sotheby`s International Realty: Baltic Sotheby`s International Realty -  франшизная компания в странах Балтии риэлторского предприятия высокого класса Sotheby’s International Realty, которое было учреждено в 1976 году всемирно известным аукционным домом. Возможность эксклюзивно представлять бренд Sotheby’s в странах Балтии Baltic Sotheby`s International Realty получила в апреле 2010 года и открыла свой центральный офис в Риге, затем в Таллине и Вильнюсе. Всего в трех балтийских бюро работают 30 человек.  

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Kuhu areneb Kadrioru piirkond?

В каком направлении развивается район Кадриорга?

Многие считают Кадриорг с его благородной историей самым зеленым районом Таллинна, откуда пешком можно дойти до центра города и до песчаного пляжа. Вишенкой на торте должен стать и строящийся комплекс Kadrioru Plaza, где будет все необходимое для жизни.

Дружелюбная среда для семей с детьми

«Приятные местные кафе, романтические места для пикника в парке и аллеи Кадриорга, по которым можно гулять летом и кататься на лыжах зимой», – так характеризует район исполнительный директор эстонского филиала международного агентства недвижимости Baltic Sothebys International Realty Тийа Сооалусте. Она рекомендует также обязательно посетить высоко ценящиеся художественные выставки в музее Kumu и полюбоваться отреставрированными виллами времен первой республики, утопающими весной в сирени. По словам Сооалусте, застройка района расширяется с каждым годом. «Многие здания, имеющие историческую ценность, к настоящему времени уже отреставрированы. На пустовавших ранее участках появляются новые многоквартирные дома, квартиры в которых часто предпочитают семьи с детьми», – поясняет она. Парк Кадриорг отличается прекрасным озелением и прогулки по нему – это впечатление уже само по себе. Кроме того, на окраине Розового сада в парке расположен и детский музей Мийамилла, где самые маленькие члены семьи могут весело поиграть. В районе находятся также детские сады и школы, перекусить можно в дружелюбных к детям местах, например NOP, Katharinenthal и Gourmet Coffee. [video width="1920" height="1080" mp4="https://ee.balticsothebysrealty.com/wp-content/uploads/2018/12/Kadrioru-Plaza2.mp4"][/video]

Район с достойной историей

Исторически Кадриорг всегда ассоциировался с элитарностью. По словам Сооалусте, это, вероятно, происходит от созданного царем Петром Первым благородного дворцово-паркового ансамбля в итальянском стиле, который был назван в честь его супруги Екатерины Екатериненталем. В 1938 году на южной границе парка построили Канцелярию Президента Республики и разбили Розовый сад. «Сотрудники иностранных посольств в Эстонии всегда называют Кадриорг одним из своих первых предпочтений, потому что прогулка в центр города, по сравнению с другими европейскими столицами, занимает немного времени, а также есть велопешеходные дорожки до пляжа Пирита», – сказала Сооалусте. Она подтвердила, что в связи с этим в последние десятилетия Кадриорг был самым дорогим жилым районом в центре города. «Я часто слышу, как мои партнеры по сотрудничеству с гордостью говорят: я живу в Кадриорге. Тот, кто уже обустроил здесь свой дом, просто так отсюда в другое место не переедет», – добавила Сооалусте.

Вишенка на торте – Kadrioru Plaza

В постоянно развивающемся районе сейчас строится комплекс Kadrioru Plaza, который соединит возможности для работы и жизни. Здание создается под руководством признанного архитектурного бюро Künnapu & Padrik Architects. По оценке архитекторов Вилена Кюннапу и Айна Падрика, место для комплекса выбрано особенное – треугольный по форме квартал просто требует особого решения. Здесь будет возведено импозантное новое строение с обращенным внутрь атриумом. Kadrioru Plaza, возводящийся на границе центра города, Кадриорга и Ласнамяэ, служит словно бы воротами и ориентиром между разными жилыми районами. «Нам нравится мыслить крупными категориями. По форме дом периметральный – здесь округлые квартальные углы, колоннады, крытые тротуары, сады на крыше и террасы», – приводят они примеры. Кроме того, здание украшает выразительное решение фасада, которое немного напоминает созданную архитекторами этого же архитектурного бюро башню-улитку Tigutorn в Тарту. Металлический фасад Kadrioru Plaza оживляют яркие цветовые акценты. «Вся архитектоника со своими символами, образами и ритмами выглядит несколько фантастично. В хорошей архитектуре всегда много слоев и смыслов», – говорят Кюннапу и Падрик. По словам архитекторов, Kadrioru Plaza – это как дом-машина в югендстиле, где найдется все нужное для жизни. «Подходя со стороны разных улиц, мы уже издалека видим здание как завораживающий знак», – добавляют они. Kadrioru Plaza находится возле одной из самых оживленных дорожных развязок, здесь сложившаяся транспортная инфраструктура, благодаря чему можно удобно добраться, например, до торгового центра Torupilli или до парка Кадриорг. Плавное транспортное сообщение с аэропортом и центром города делает Kadrioru Plaza эффективным центром притяжения. «Kadrioru Plaza оживляет и определяет искрящийся энергетический центр», – говорят архитекторы Кюннапу и Падрик. Kadrioru Plaza (по адресу Весивярава, 50) будет окончательно готов к осени будущего года. Больше информации об этом инновативном здании на домашней странице. Kadrioru Plaza:

Development of the Kadriorg district

Kadriorg, with its dignified history, is mostly known for being the greenest area in the city centre of Tallinn and for being within walking distance of both the centre and the beach. The icing on the cake is the new Kadriorg Plaza complex, where you will find everything you need in life.

The perfect environment for families with children

"Cute local cafés, romantic spots for picnics and the park’s alleys for walks in summer and skiing in winter," lists Estonian head of Baltic Sothebys International Realty Tiia Sooaluste in describing the area. She also recommends visiting the highly regarded art exhibitions at Kumu and admiring the restored villas dating from the first republic that peek out from gardens overgrown with lilacs in the spring. According to Sooaluste, more housing is being constructed in the area every year. "A lot of valuable buildings have now been restored,” she explains. “New apartment buildings, which are preferred by families with children, are being built on plots that stood empty up to this point." The greenery in Kadriorg Park is well-tended and walking around here is an experience in its own right. In addition, there is a children's museum, Miiamilla, next to the rose garden which has a playground for smaller kids to have fun in. There are also kindergartens and schools in the area and many child-friendly places to eat, such as NOP, Katharinenthal and Gourmet Coffee. [video width="1920" height="1080" mp4="https://ee.balticsothebysrealty.com/wp-content/uploads/2018/12/Kadrioru-Plaza2.mp4"][/video]

An area with a dignified history

Historically, Kadriorg has always been associated with the upper echelons of society. According to Sooaluste, this most likely stems from Katharinenthal, the Italian-style palace and park built by Tsar Peter I in honour of his wife Catherine. On its southern edge, the Office of the President of the Republic and the rose garden were constructed in 1938. "Kadriorg is always the first choice for employees of foreign embassies in Estonia, because walking to the centre doesn’t take much time compared to other European capitals, and there are also bike and walking tracks that lead all the way to Pirita beach," Sooaluste says. She admits that Kadriorg has become the most expensive part of the city centre to live in for these very reasons in the last couple of decades. "I often hear my business partners boasting that they live in Kadriorg,” she reveals. “If you’ve already set up a home here, you don't just up and leave it for somewhere else."

The icing on the cake: Kadriorg Plaza

Kadriorg Plaza, a complex which brings together living and working opportunities, is currently being constructed in this constantly developing district. The building has been designed by the well-known architecture firm Künnapu & Padrik Architects. According to architects Vilen Künnapu and Ain Padrik, the plot chosen for the building is special – being triangular in shape, it demands a special solution. An imposing modern building with an inverted atrium-centred design is being constructed. Set on the borders of the city centre and the Kadriorg and Lasnamäe districts, Kadriorg Plaza is like a gateway or landmark between the different parts of the city. "We like to think big,” the architects explain. “Big categories. Our concept for the building is perimetric, while the block it’s on has rounded corners. There’s a portico, covered walkways, a roof garden and roof terraces." In addition, the building is adorned with a lively facade that in some ways resembles that of Tigutorn in Tartu, which was designed by the same firm. The metallic facade of Kadriorg Plaza is enlivened by its brightly coloured accents. "The architectonics of the building are a little absurd with all of the symbols, shapes and rhythms,” the designers admit. “But good architecture always has multiple layers and meanings." According to the architects, Kadriorg Plaza is like an art nouveau house-cum-machine in which you will find everything you need in life. "Approaching it from various directions, you see the building from a distance as an attractive landmark," they say. Kadriorg Plaza sits alongside one of the city’s busiest traffic zones, characterised by the established infrastructure, which allows you to easily reach places such as Torupilli Shopping Centre or Kadriorg Park. Smooth transport links to the airport and city centre make the complex an effective focal point. "Kadriorg Plaza brings to life and defines a shining centre of energy," say the architects. Kadriorg Plaza (at the address Vesivärava 50) will be completed by next autumn. More information on the innovative building can be found on its website. Kadriorg Plaza:

• 9 floors
• Residential and commercial space
• 95 apartments
• Two-storey underground car park
• Restaurant, beauty salon and dental clinic
• Beach and Kadriorg Park within 15 minutes’ walk

 

Sotheby's will Return to Private Ownership

Sotheby's Announces Definitive Agreement to be Acquired by Patrick Drahi

  Sotheby’s (NYSE: BID) today announced that it has signed a definitive merger agreement to be acquired by BidFair USA, an entity wholly owned by media and telecom entrepreneur as well as art collector, Patrick Drahi. Under the terms of the agreement, which was approved by Sotheby’s Board of Directors, shareholders, including employee shareholders, will receive $57.00 in cash per share of Sotheby’s common stock in a transaction with an enterprise value of $3.7 billion. The offer price represents a premium of 61% to Sotheby’s closing price on June 14, 2019, and a 56.3% premium to the company’s 30 trading-day volume weighted average share price. The transaction would result in Sotheby’s returning to private ownership after 31 years as a public company traded on the New York Stock Exchange. Tad Smith, Sotheby’s CEO, said, “Patrick Drahi is one of the most well-regarded entrepreneurs in the world, and on behalf of everyone at Sotheby’s, I want to welcome him to the family. Known for his commitment to innovation and ingenuity, Patrick founded and leads some of the most successful telecommunications, media and digital companies in the world. He has a long-term view and shares our brand vision for great client service and employing innovation to enhance the value of the company for clients and employees. This acquisition will provide Sotheby’s with the opportunity to accelerate the successful program of growth initiatives of the past several years in a more flexible private environment. It positions us very well for our future and I strongly believe that the company will be in excellent hands for decades to come with Patrick as our owner.” Domenico De Sole, Chairman of Sotheby’s Board of Directors, said, “Following a comprehensive review, the Board enthusiastically supports Mr. Drahi’s offer, which delivers a significant premium to market for our shareholders. After more than 30 years as a public company, the time is right for Sotheby’s to return to private ownership to continue on a path of growth and success.” 2 “I am honored that the Board of Sotheby’s has decided to recommend my offer,” commented Patrick Drahi. “Sotheby’s is one of the most elegant and aspirational brands in the world. As a longtime client and lifetime admirer of the company, I am acquiring Sotheby’s together with my family. We thank Domenico and the rest of the Sotheby’s Board for its support and look forward to getting started with Tad and the wonderful members of his team to define our future.” The closing of the deal is subject to customary conditions, including regulatory clearance and shareholder approvals, but is not subject to the availability of financing. The transaction is expected to close in the fourth quarter of 2019 following shareholder approval. LionTree Advisors is serving as financial advisor to Sotheby’s in connection with the transaction, and Sullivan & Cromwell LLP is serving as the company’s legal counsel. BNP Paribas and Morgan Stanley are acting as financial advisors to BidFair, BNP Paribas acted as sole financing provider, and Hughes Hubbard & Reed LLP and Ropes & Gray International LLP are serving as its legal advisors. For further information regarding all terms and conditions contained in the definitive merger agreement, please see the Company’s Form 8-K, which was filed today in connection with this transaction.

About Patrick Drahi 

Founder, President of the Board, and Controlling Shareholder, Altice Europe Chairman of the Board and Controlling Shareholder, Altice USA Patrick Drahi, 55 years old, is a global entrepreneur with telecommunications, media and digital properties across the globe. Mr. Drahi founded Altice in 2001 in Europe, and over the course of nearly 20 years, he has built and acquired telecommunications systems across the world, turning Altice into a multinational broadband, telecommunications, media, digital and advertising company. Today, Altice Europe is listed on Euronext Amsterdam (ATC & ATCB) and comprises operations notably in France, Portugal, Israel and the Caribbean, serving 30 million customers. Altice USA, which is listed on the NYSE (ATUS) is one of the largest broadband and video services providers in the U.S., serving approximately 5 million customers across 21 states, including New York, New Jersey and Texas. Mr. Drahi began his professional career with the Philips Group in 1988 where he was in charge of international marketing in the cable and satellite division. Then in 1991, he joined the US/Scandinavian group Kinnevik-Millisat, where he was in charge of the development of private cable networks in Spain and France, and was involved in the launch of commercial TV stations in Eastern Europe. In 1993, Mr. Drahi founded CMA, a consulting firm specialized in telecommunications and media, which was awarded a mandate from BCTV for the implementation of Beijing’s full service cable network. Not long after, he founded two cable companies in France, Sud Câble Services (1994) and Médiaréseaux (1995). When Médiaréseaux was taken over by UPC (which then became Liberty Global) at the end of 1999, Mr. Drahi led its activities for southern Europe before deciding to create Altice in 2001. Mr. Drahi is a philanthropist in the fields of education, sciences, culture and the arts. Mr. Drahi is a graduate of France’s Ecole Polytechnique, and of Ecole Nationale Supérieure de Télécommunications, where he earned a post-graduate degree in optics and electronics. To view original press release by Sotheby's, click here.    

Sotheby's Will Return to Private Ownership

Sotheby's Announces Definitive Agreement to be Acquired by Patrick Drahi

  Sotheby’s (NYSE: BID) today announced that it has signed a definitive merger agreement to be acquired by BidFair USA, an entity wholly owned by media and telecom entrepreneur as well as art collector, Patrick Drahi. Under the terms of the agreement, which was approved by Sotheby’s Board of Directors, shareholders, including employee shareholders, will receive $57.00 in cash per share of Sotheby’s common stock in a transaction with an enterprise value of $3.7 billion. The offer price represents a premium of 61% to Sotheby’s closing price on June 14, 2019, and a 56.3% premium to the company’s 30 trading-day volume weighted average share price. The transaction would result in Sotheby’s returning to private ownership after 31 years as a public company traded on the New York Stock Exchange. Tad Smith, Sotheby’s CEO, said, “Patrick Drahi is one of the most well-regarded entrepreneurs in the world, and on behalf of everyone at Sotheby’s, I want to welcome him to the family. Known for his commitment to innovation and ingenuity, Patrick founded and leads some of the most successful telecommunications, media and digital companies in the world. He has a long-term view and shares our brand vision for great client service and employing innovation to enhance the value of the company for clients and employees. This acquisition will provide Sotheby’s with the opportunity to accelerate the successful program of growth initiatives of the past several years in a more flexible private environment. It positions us very well for our future and I strongly believe that the company will be in excellent hands for decades to come with Patrick as our owner.” Domenico De Sole, Chairman of Sotheby’s Board of Directors, said, “Following a comprehensive review, the Board enthusiastically supports Mr. Drahi’s offer, which delivers a significant premium to market for our shareholders. After more than 30 years as a public company, the time is right for Sotheby’s to return to private ownership to continue on a path of growth and success.” 2 “I am honored that the Board of Sotheby’s has decided to recommend my offer,” commented Patrick Drahi. “Sotheby’s is one of the most elegant and aspirational brands in the world. As a longtime client and lifetime admirer of the company, I am acquiring Sotheby’s together with my family. We thank Domenico and the rest of the Sotheby’s Board for its support and look forward to getting started with Tad and the wonderful members of his team to define our future.” The closing of the deal is subject to customary conditions, including regulatory clearance and shareholder approvals, but is not subject to the availability of financing. The transaction is expected to close in the fourth quarter of 2019 following shareholder approval. LionTree Advisors is serving as financial advisor to Sotheby’s in connection with the transaction, and Sullivan & Cromwell LLP is serving as the company’s legal counsel. BNP Paribas and Morgan Stanley are acting as financial advisors to BidFair, BNP Paribas acted as sole financing provider, and Hughes Hubbard & Reed LLP and Ropes & Gray International LLP are serving as its legal advisors. For further information regarding all terms and conditions contained in the definitive merger agreement, please see the Company’s Form 8-K, which was filed today in connection with this transaction.

About Patrick Drahi 

Founder, President of the Board, and Controlling Shareholder, Altice Europe Chairman of the Board and Controlling Shareholder, Altice USA Patrick Drahi, 55 years old, is a global entrepreneur with telecommunications, media and digital properties across the globe. Mr. Drahi founded Altice in 2001 in Europe, and over the course of nearly 20 years, he has built and acquired telecommunications systems across the world, turning Altice into a multinational broadband, telecommunications, media, digital and advertising company. Today, Altice Europe is listed on Euronext Amsterdam (ATC & ATCB) and comprises operations notably in France, Portugal, Israel and the Caribbean, serving 30 million customers. Altice USA, which is listed on the NYSE (ATUS) is one of the largest broadband and video services providers in the U.S., serving approximately 5 million customers across 21 states, including New York, New Jersey and Texas. Mr. Drahi began his professional career with the Philips Group in 1988 where he was in charge of international marketing in the cable and satellite division. Then in 1991, he joined the US/Scandinavian group Kinnevik-Millisat, where he was in charge of the development of private cable networks in Spain and France, and was involved in the launch of commercial TV stations in Eastern Europe. In 1993, Mr. Drahi founded CMA, a consulting firm specialized in telecommunications and media, which was awarded a mandate from BCTV for the implementation of Beijing’s full service cable network. Not long after, he founded two cable companies in France, Sud Câble Services (1994) and Médiaréseaux (1995). When Médiaréseaux was taken over by UPC (which then became Liberty Global) at the end of 1999, Mr. Drahi led its activities for southern Europe before deciding to create Altice in 2001. Mr. Drahi is a philanthropist in the fields of education, sciences, culture and the arts. Mr. Drahi is a graduate of France’s Ecole Polytechnique, and of Ecole Nationale Supérieure de Télécommunications, where he earned a post-graduate degree in optics and electronics. To view original press release by Sotheby's, click here.    

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When the temperature drops and days get shorter, one of the cosiest spots where to rent a home is Tallinn Old Town! With scenic streets, historical buildings and picture-perfect interiors, we have hand-picked five of our favourite apartments in Tallinn Old Town, where to escape the cold weather during the upcoming winter-season.

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5.

This Suur-Karja apartment gives a new definition to historical living. Dating back to the 15th century, the 2-bedroom home is ready to move-in as it comes fully furnished and is located in awarded Suur-Karja 8 building!

5 Extraordinary Homes to Rent in Tallinn Old Town

When the temperature drops and days get shorter, one of the cosiest spots where to rent a home is Tallinn Old Town! With scenic streets, historical buildings and picture-perfect interiors, we have hand-picked five of our favourite apartments in Tallinn Old Town, where to escape the cold weather during the upcoming winter-season.

1.

The fully renovated 3-bedroom apartment in Suur-Kloostri street is a historical beauty! This home runs through two floors, creating a small townhome feeling and the massive ceiling beams give tasteful accent to the overall atmosphere of the apartment.

2.

Pikk 36 house is one of the most luxurious renovated apartment buildings in the old town. This 2-bedroom home on the 5th floor of the building stuns with its interior design and the views to Tallinn Old Town (hint: living room gives breathtaking views to St Oleviste church).

3.

This Pagari One residence boasts two bedrooms, a spacious living room, 2-full and 1-half bathroom and a balcony! The interior design is elegant Scandi-style, creating a unique balance with the 700-year old history of the building.

4.

With its three bedrooms, we love the immaculate renovation done to this Suur-Karja apartment. The apartment cuts through the whole floor of the building, meaning plenty of natural daylight shining in from all directions.

5.

This Suur-Karja apartment gives a new definition to historical living. Dating back to the 15th century, the 2-bedroom home is ready to move-in as it comes fully furnished and is located in awarded Suur-Karja 8 building!