Yesterday the residential and commercial quarter of Rocca Towers, which is being developed by Endover, hosted a party to celebrate the final stage of work – the fourth building reaching its full height. The entire quarter will be completed by this summer.
A residential and commercial development in the heart of Haabersti, consisting of five residential buildings and two parking houses, comes at a challenging time for Endover. The company’s CEO Robert Laud noted that the project, which started in 2020, is still being completed as planned, with the final apartments expected to be ready for move-in by late spring 2024.
“Recent years have been difficult for the real estate sector, from a macroeconomic point of view and due to the market situation. Despite this, in 2023 Endover achieved the second-best result in its history in terms of sales of new apartments and commercial premises,” Laud said. Last year Endover’s residential and commercial sales turnover totaled €41.5 million, which helps the company to maintain a strong position among the market’s top three property developers, alongside Merko and Hepsor.
“This year we will complete the construction of the Rocca Towers quarter, Riviera Viimsi houses and will continue to work on new stages of the Volta quarter in Põhja-Tallinn,” Laud said, adding that they are certain that the construction of Rocca Towers has changed the expectations and preferences of homebuyers. “Today people are looking for housing that is, of course, well-built and economical, but at the same time has high ceilings and wide windows. We see more and more attention being paid to the appearance and design of the building itself and its common areas.”