Real estate developer Endover is launching the public sale of apartments in a new architectural landmark of Tallinn – Volta SKAI. Even before construction began, during the pre-sale phase, one of the most expensive transactions on the Estonian real estate market in 2025 was concluded: the luxury SKAI Villa, occupying the top two floors of the high-rise, was sold for €2.5 million.
Construction of the Volta SKAI high-rise began in December 2025, and the first tower is scheduled for completion in mid-2027. The project, comprising two 12-storey towers, will be built at the corner of the Volta quarter and Kalaranna Street, at Krulli 10, offering panoramic views of Tallinn Bay, the Old Town and the Noblessner marina. The buildings will be erected on an elevated coastal site, ensuring that the views will be preserved in the future as well.
The total volume of successful non-public pre-sale agreements amounted to €8.45 million, with an average price per square metre of €9,700. The highest price per square metre reached nearly €13,000 – one of the highest figures in the history of the Estonian real estate market. Today, the plans and price list for all apartments offered for sale were also made public. Prices for Volta SKAI apartments start from €249,900.
“The sales success of Volta SKAI demonstrates demand for new homes where a prime location, high-quality architecture, thoughtful layouts and unique views form a unified whole,” said Endover CEO Roul Tutt. “Buyers value the opportunity to acquire a home where privacy and expansive sea views will be guaranteed even decades from now. The pre-sale confirmed that there is strong demand for exclusive real estate in Estonia – in the first tower of Volta SKAI, the SKAI Villa apartments located on the upper floors have largely already found their owners.”
SKAI Villas – exclusive penthouses between the sea and the Old Town
The upper floors of Volta SKAI are planned to house the most representative residences of the complex – the SKAI Villas. The most expensive of them, the SKAI Villa, has already found its owner and offers exceptional privacy across two levels with a living area of approximately 195 m². Its heart is a 70 m² kitchen–living area, adjoining a 60 m² rooftop terrace with panoramic views of the sea and the Old Town. Ceilings up to 3.5 metres high and floor-to-ceiling windows fill the spaces with natural light.
Architecture that reveals the city from a new perspective
The architectural concept of Volta SKAI was developed by the ARS Projekt team, whose portfolio also includes the high-rise buildings of the Maakri quarter and Rocca Towers.
“This building is the most expressive and striking of all Endover developments,” said Rasmus Tamme, architect at ARS Projekt. Rising at the corner of Kalaranna, Tööstuse and Krulli streets, the building is prominent and dominant due to its location. “There are few places in Tallinn that offer a completely new perspective on the city – from its elevated position, Volta SKAI opens up a 360-degree view of the sea, the Old Town and the city centre,” Tamme added.
The exterior architecture of the high-rises is enlivened by extensive glass surfaces and striking rounded corners that lend the buildings smooth, flowing lines. Panoramic windows make the horizon a natural part of the interior and open the spaces to both daylight and evening lights.
“Every line was created to define both a new city skyline and a high-quality everyday living environment. These homes are equally suitable for young families, multi-generational households, and those who value well-designed living,” Tamme said.
Strong investor confidence
The bond issues carried out to finance the Volta SKAI project demonstrated strong investor confidence. The first bond issue of €8 million, under a total bond programme of €30 million, was oversubscribed 2.2 times in September, when 112 investors participated in the offering with a minimum investment of €100,000. Demand from private and institutional investors from Estonia, Latvia and Lithuania exceeded the maximum volume of the second tranche of €4 million. A total of 488 investors participated, submitting subscription orders amounting to €5.13 million.
