Karel Loigu has become the CEO of the Estonian real estate investment management group Capital Mill, setting the sustainable management and future development of the group in the Baltic States as its main goals.
Along with the change of the CEO, there have also been changes in the Board of Capital Mill in Latvia.
“Capital Mill is not only a strong player in the real estate market, but also an ambitious company. I believe that the experience gained in the field of banking and management will be very useful to me here. I see great potential for the development of this business in all three Baltic countries and possibly also outside them, so together with the team we will try to make full use of these opportunities, “says K.Loigu.
Mr Loig replaces Igor Molder, who has so far overseen the group’s leadership. From now on, Molders will be responsible for attracting investment and developing other Capital Mill companies.
With the change of the group’s CEO, there have been changes in the company’s board in Latvia – K. Loigu and Ieva Grīnerte, the head of “Capital Mill” in Latvia, have become members of the board. By strengthening the board in Latvia, the company intends to better implement the goals of shareholders – to improve the provision of services and processes in the company’s operations, as well as to ensure constant growth in the Baltic market.
“We want to expand our investment portfolio here in Latvia, as well as work more closely with other Baltic offices with the help of the new CEO and create common standards and procedures, using the unique experience and knowledge of each national team. In my opinion, it will be valuable and will go hand in hand for the growth goals of the Latvian team, ”explains I. Grīnerte.
Capital Mill is an Estonian investment company that invests in the acquisition of commercial real estate in Latvia, Lithuania and Estonia. Capital Mill manages several Baltic projects with total assets of approximately EUR 350 million. Since 2017, more than 51 million euros have been invested in the Latvian market.
At the end of August, one of the latest Capital Mill projects opened its doors to visitors – a 26-storey Skyon skyscraper in the center of Tallinn. Skyon is a 95-meter-high retail and office building with an 898 glass panel façade built using environmentally friendly and smart solutions.
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