Trigon Developments
AS Trigon Property Development is a publicly listed Estonian real estate developer operating the Niidu Industrial Park in Pärnu, selling industrial land plots (6,000-28,000 m²) and renting custom stock-offices (150-2,000 m²) to logistics, warehousing, and light industrial businesses along the Via Baltica highway.
- Company typePublic
- Founded2007
- HeadquartersMontréal, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Trigon Developments does
AS Trigon Property Development is a publicly listed Estonian real estate development company (Nasdaq Tallinn ticker TPD1T, listed since 5 June 1997), established in its current corporate form on 19 September 2007 following the division of AS Viisnurk. The company operates from Tallinn and holds a single core asset, the 12.8-hectare Niidu Industrial Park in Pärnu, Estonia, situated directly along the Via Baltica (E67) corridor between Tallinn (128 km) and Riga (182 km). Its product surface consists of industrial and commercial land plots available for sale (6,000-28,000 m², with an approved detail plan covering approximately 130,000 m²) and custom-built stock-office units available for long-term rent (150-2,000 m²), with construction financing offered as an add-on service to buyers.
The company monetises through two streams: one-time land plot sales (the dominant 2024 revenue driver, contributing 331,920 euros including a single 0.70-hectare transaction for 300,000 euros in Q4 2024) and recurring rental income from stock-offices. Target customers are logistics, warehousing, and light industrial businesses in the Baltic region requiring flexible, well-connected industrial space. Trigon is a small-cap, asset-heavy vehicle with a 1-10 employee footprint, total assets of 1,804,656 euros, and a 97.24% equity ratio. FY2025 revenue fell to 0 euros with a net loss of -99,507 euros, reflecting extreme project-level revenue concentration and absence of completed transactions during the year.
Go-to-market is direct B2B (website, inquiry form, phone, named Development Manager and Head of Group Property Development), with no intermediaries or third-party distribution. Marketing is limited to the corporate website and Nasdaq stock exchange disclosures. There is no proprietary technology, software, or AI capability disclosed, consistent with the company's identity as a property development and asset-holding entity rather than a technology platform.
Trigon Developments firmographics
Firmographics- Name
- Trigon Developments
- Legal name
- AS Trigon Property Development
- Website
- https://trigonproperty.com
- Company type
- Public
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- AS Trigon Property Development is a publicly listed Estonian real estate developer operating the Niidu Industrial Park in Pärnu, selling industrial land plots (6,000-28,000 m²) and renting custom stock-offices (150-2,000 m²) to logistics, warehousing, and light industrial businesses along the Via Baltica highway.
- Ownership category
- akta.pro rank
Trigon Developments industry classification
Industry- Product category
- Industrial Real Estate Development
- NAICS
- Industrial Building Construction (23621)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Industrial & Logistics Property Management (BPAJAGAC)
- akta.pro secondary industry
- Industrial Land & Build-to-Suit Site Brokerage (BPAJACAJ)
Keywords
Where Trigon Developments is headquartered
LocationHeadquarters
- HQ city
- Montréal
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Trigon Developments business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Others
Revenue model
- Property Sales: Revenue is generated through the sale of commercial and industrial land plots. In Q4 2024, the company sold a 0.70-hectare property for 300,000 euros. Revenue declined to zero in 2025 from 331,920 euros in 2024 as no property sales were recorded during the year.
- Property Rental: The company offers stock-office spaces for long-term rent, with premises ranging from 150 m² to 2,000 m². Rental income contributes to recurring revenue alongside plot sales.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Industrial/commercial land plots for sale |
| Subscription | Monthly | Stock-office spaces for rent |
Distribution channels2 records
Marketing channels3 records
Trigon Developments product offering
Product offeringCore offering
AS Trigon Property Development develops and manages the Niidu Industrial Park, a 12.8-hectare commercial, industrial and logistics real estate project in Pärnu, Estonia along the Via Baltica (E67) highway. The company sells industrial and business land plots ranging from 6,000 m² to 28,000 m² under an approved detail plan and rents custom-built stock-office units ranging from 150 m² to 2,000 m² to logistics, warehousing and light industrial businesses.
Product overview
AS Trigon Property Development operates as a real estate development company focused on the Baltic region. The primary product offering is the Niidu Industrial Park, a 12.8-hectare commercial and logistics development project in Pärnu, Estonia. The portfolio consists of land parcels available for sale (approximately 130,000 m² of industrial/business land) and customizable stock-office spaces for rent (150-2,000 m²). The company also provides financing for construction and develops properties to meet specific client requirements. All properties are strategically located along the Via Baltica (E67) highway.
Differentiator
Problem solved
Functional benefit
Brands
- Niidu Industrial Park: A 12.8-hectare developing industrial and commercial area in Pärnu city, located along the Via Baltica (E67) highway, designed for logistics, warehousing and light industrial use.
Products and services
- Niidu Industrial Park A 12.8-hectare industrial and commercial real estate development project in Pärnu, Estonia along the Via Baltica (E67) highway, offering land plots for sale (6,000-28,000 m²) and stock-office spaces for rent (150-2,000 m²) for logistics, warehousing and light industrial businesses.
- Industrial and Business Land Plots for Sale Industrial and business land parcels available for purchase within the Niidu Industrial Park development area, totaling approximately 130,000 m² under an approved detail plan with plot sizes ranging from 6,000 m² to 28,000 m² for logistics, warehousing, manufacturing and trade buyers.
- Stock-Office Spaces for Rent Custom-built commercial and warehouse spaces within the Niidu Industrial Park available for long-term lease, designed and built to suit specific business needs, ranging from 150 m² to 2,000 m² for logistics, warehousing and light industrial tenants.
Quantifiable outcome
- Approved detail plan for industrial and business land: ca 130,000 m² for sale, ca 65,000 m² gross building area
Companies that use Trigon Developments
Customer profileSegments1 record
Ideal customer profiles1 record
Trigon Developments technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Trigon Developments partnerships and signals
Strategic signalScale indicators6 records
Recent moves5 records
Expansion highlights3 records
Trigon Developments competitors and assessment
Company assessmentDirect peers
- EfTEN Real Estate Fund: Estonian/Baltic listed real estate fund focused on commercial and industrial properties. Directly comparable as a small-cap Baltic listed vehicle investing in and developing industrial/logistics real estate in the same region as Trigon.
- Baltic Horizon Fund: Nasdaq Tallinn-listed closed-ended real estate fund investing in commercial and logistics assets across the Baltics. Comparable as a Baltic-focused listed real estate vehicle with exposure to industrial and logistics property similar to Niidu Industrial Park.
- Hepsor AS: Estonian residential and commercial real estate developer listed on Nasdaq Tallinn. Comparable as a fellow small-cap Estonian listed developer operating in the same geography and capital markets segment as Trigon.
- Arco Vara AS: Estonian real estate developer listed on Nasdaq Tallinn, active in residential and commercial development across the Baltics. Directly comparable as a small-cap Estonian listed developer competing for similar land and tenant relationships.
- Pro Kapital Grupp AS: Baltic real estate developer listed on Nasdaq Tallinn with projects in Estonia, Latvia, and Lithuania. Comparable as a Baltic-focused listed developer with mixed-use and commercial property exposure similar to Trigon's industrial park activity.
Regional players
- INVL Baltic Real Estate: Listed Lithuanian/Baltic real estate investment company focused on commercial properties in Vilnius, Riga, and Tallinn. Comparable as a small-cap Baltic listed real estate vehicle with overlapping geography and tenant base to Trigon's Pärnu industrial park.
- Lords LB Baltic Fund III: Lithuania-based real estate fund with Baltic-wide commercial and logistics exposure. Comparable as a Baltic real estate fund with overlapping logistics/industrial tenant base to Trigon's industrial park target customers.
- E.L.L. Kinnisvara: Estonian commercial real estate developer and asset manager focused on office and industrial properties. Comparable as an Estonian-based real estate operator with industrial property expertise overlapping Trigon's stock-office and industrial park offerings.
Emerging players
- Capital Mill OÜ: Estonian real estate developer and investment manager active in commercial and mixed-use projects in Tallinn and the Baltics. Comparable as a smaller Estonian developer competing for similar commercial real estate opportunities in the region.
- Astlanda Group: Estonian real estate group with exposure to commercial, industrial, and forestry-related properties. Comparable as an Estonian real estate player with similar Baltic commercial/industrial focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Trigon Developments social profiles
Digital presenceTrigon Developments financial estimates
Financial estimateRevenue estimate
Valuation estimate
Trigon Developments leadership team
Management profileNumber of profiles
Profiles8 records
Trigon Developments funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Trigon Developments M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Trigon Developments
What does Trigon Developments do?
AS Trigon Property Development develops and manages the Niidu Industrial Park, a 12.8-hectare commercial, industrial and logistics real estate project in Pärnu, Estonia along the Via Baltica (E67) highway. The company sells industrial and business land plots ranging from 6,000 m² to 28,000 m² under an approved detail plan and rents custom-built stock-office units ranging from 150 m² to 2,000 m² to logistics, warehousing and light industrial businesses.
Is Trigon Developments a public or private company?
Trigon Developments is a public company. It is classified as public and is currently operating.
When was Trigon Developments founded?
Trigon Developments was founded in 2007. It employs 1 to 10 people.
Where is Trigon Developments based?
Trigon Developments is headquartered in Montréal, Canada, in the North America region.
How does Trigon Developments make money?
Two revenue lines are on record. Property Sales are the primary driver. The others are property Rental.
Who are Trigon Developments's main competitors?
Direct peers on record are EfTEN Real Estate Fund, Baltic Horizon Fund, Hepsor AS, Arco Vara AS and Pro Kapital Grupp AS. Regional players are INVL Baltic Real Estate, Lords LB Baltic Fund III and E.L.L. Kinnisvara. Emerging players are Capital Mill OÜ and Astlanda Group.
Does Trigon Developments have an API?
No public API is recorded for Trigon Developments.
What industry is Trigon Developments in?
Trigon Developments's product category is Industrial Real Estate Development. Its primary akta.pro industry code is BPAJAGAC, Industrial & Logistics Property Management, with a secondary code of BPAJACAJ, Industrial Land & Build-to-Suit Site Brokerage. Its NAICS code is 23621 and its SIC code is 6552.