Introduction

The story of
Porto Franco

Ports have always symbolised freedom. Inspired by freedom, the sea, and the history of the Old City Harbour, the most seaside commercial and office development in Estonia was named Porto Franco.

Openness, excellent location, and world-class architecture create a diverse urban environment, shifting the centre of Tallinn closer to the sea. Porto Franco — the new heart of the city, making Tallinn a fully-fledged seaside city.

The concept of Porto Franco was created by Tom Klinghoz from the international London-based architectural bureau Chapman Taylor (www.champantaylor.com). The architectural solution was developed by Estonian architects Mihkel Tüür and Ott Kadarik from the innovative and contemporary architectural bureau Kadarik, Tüür. Arhitektid. (www.kta.ee).

One can only be free when following one’s heart. Porto Franco — the Heart of the City.

 

Main details of
Porto Franco

Total area of ca 150,000 m², including:

  • a shopping centre with the total area of ca 32,000 m²
    • hypermarket with the total area of ca 4,220 m²
    • cafés and restaurants with the total area of ca 5,700 m²
    • summer terraces and balconies with the total area of ca 2,500 m²
    • fashion stores with the total area of ca 14,000 m²
  • underground car park for ca 1,170 vehicles
  • office premises for rent with the total area of ca 25,530 m²
  • hotel about 8572 m2

Commerce of Estonia and
Tallinn in numbers

  • The volume of the Estonian retail market: 6.3 billion euros
  • The volume of Tallinn’s retail market: ca 1.95 billion euros
  • The impact of tourism on retail: ca 260 million euros
  • The real growth of retail in 2017 compared to 2016: +2%
  • Compared to the respective months of 2017, retail continued to grow also in 2018:  February +3%
  • The share of the shopping centres of Tallinn from the total market: ca 46%

About the
developer

The management of Porto Franco has long-term experience in developing office and commercial real estate. The shareholders of Porto Franco also include the shareholders of the leading developer and operator of shopping centres in Ukraine, Arricano Real Estate, which is listed in the London Alternative Investment Market (AIM). In the past 15 years, the shareholders and team of Porto Franco have been involved in several shopping centre development projects in Estonia, Russia, and Ukraine. Experiences gained from previous projects are now invested into the long-term project which adds value to the Estonian economic environment — Porto Franco.