Colonna Capital
Colonna is a privately held Tallinn-based commercial real estate investment and asset management firm that mediates capital from international professional investors into Baltic real estate, while owning and managing nearly 100 commercial properties spanning over 300,000 m² and serving more than 900 tenants in Estonia and Latvia.
- Company typePrivate
- Founded2006
- HeadquartersTallinn, Estonia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Colonna Capital does
Colonna is a privately held Estonian commercial real estate investment firm operating through a three-entity group structure: Colonna Capital OÜ (capital intermediation), Colonna Kinnisvara OÜ (real estate sales and leasing), and Colonna Varahaldus OÜ (asset management), headquartered at Tartu mnt 14 in Tallinn. The firm was founded in 2006 and acts as the local Baltic partner for international professional investors, mediating the placement of approximately €400 million of capital into Estonian, Latvian, and broader Baltic commercial real estate projects, while also developing and actively managing its own portfolio of nearly 100 properties covering 300,000+ m² of rental space and over 900 tenants.
The company's underlying product is its physical real estate portfolio and asset-management service stack. Core service lines are investment intermediation (sourcing and structuring property acquisitions on behalf of international investors), commercial space rental (offices, retail, service and warehouse units leased at €6.50–€14/m² per month across buildings such as Scala City, Hobujaama 4, Narva mnt 4, Narva mnt 7a, Metalli 3, Reti tee 6, Vesse 3, Aida 5, Pärnu mnt 22 and Meistri 22), and real estate development (new builds and renovations delivered with construction partner Mapri Ehitus). Customers divide into two primary groups: (1) international professional investors seeking a local partner to deploy capital in the Baltic region, and (2) business tenants ranging from government bodies (Eesti Töötukassa) to financial institutions (Eesti Krediidipank), IT firms (OpusCapita), retailers (A1000 Market, Gigant Mööbel), and SMEs looking for commercial space.
Revenue is generated through three streams: capital intermediation and asset management fees through Colonna Capital OÜ, recurring rental income from owned and managed commercial real estate through Colonna Kinnisvara OÜ, and one-time development margins on new construction and renovation projects. Go-to-market is a hybrid of enterprise field sales (in-house brokers such as Aivo Käär, Jana Ilves, Martin Sillandi targeting commercial tenants directly), city24.ee listings for mid-market demand, the company's own multilingual website (colonna.ee) for top-of-funnel awareness, and industry events such as the Nordic Real Estate Forum where board member Roberto de Silvestri has spoken on investor panels. The firm has recently begun extending into mixed-use and residential rental product through the Aida 5 Pärnu project, indicating a controlled expansion of its asset class scope while keeping its core intermediation-and-management engine intact.
Colonna Capital firmographics
Firmographics- Name
- Colonna Capital
- Legal name
- Colonna Capital OÜ
- Website
- https://colonna.ee
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Colonna is a privately held Tallinn-based commercial real estate investment and asset management firm that mediates capital from international professional investors into Baltic real estate, while owning and managing nearly 100 commercial properties spanning over 300,000 m² and serving more than 900 tenants in Estonia and Latvia.
- Ownership category
- akta.pro rank
Colonna Capital industry classification
Industry- Product category
- Commercial Real Estate Investment
- NAICS
- Portfolio Management and Investment Advice (523940), Miscellaneous Intermediation (52391)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)
- akta.pro secondary industries
- Investment Sales Brokerage (BPAJABAI), Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)
Keywords
Where Colonna Capital is headquartered
LocationHeadquarters
- HQ city
- Tallinn
- HQ country
- Estonia
- HQ region
- Europe
Offices2 records
Markets served
Colonna Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain
Revenue model
- Investment Mediation: Mediating placement of capital from international professional investors into Baltic real estate projects. The company arranges property acquisitions and subsequent property management operations.
- Commercial Property Rental: Leasing commercial spaces including offices, retail, and warehouse facilities to businesses across Estonia. Revenue generated from rental income on managed properties.
- Real Estate Development: Developing commercial and residential properties for sale or rental purposes. Includes new construction projects and renovation of existing properties.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Monthly | Warehouse/storage spaces at Reti tee 6 |
| Unit Pricing | Monthly | Hobujaama 4 commercial building |
| Unit Pricing | Monthly | Scala City commercial building |
| Unit Pricing | Monthly | Narva mnt 4 commercial building |
| Subscription | Multi-year contract | Lelle 24 office spaces with long-term agreements |
| Unit Pricing | Annual | Scala City summer campaign pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Colonna Capital product offering
Product offeringCore offering
Colonna Capital mediates the placement of capital from international professional investors into Baltic commercial real estate projects, acquires and owns commercial properties, and operates them through leasing and property management. Its portfolio covers offices, retail, warehouse/stock-office space, and selective residential developments across Estonia and Latvia, with a current portfolio of approximately 100 properties and over 300,000 m² of rental space leased to 900+ tenants.
Product overview
Colonna Capital operates as a commercial real estate investment company mediating international professional investors' capital into Baltic real estate projects. The company offers three core services: commercial property investment mediation (investeerimine), commercial space rental (äripindade rent), and real estate development (arendamine). Its portfolio encompasses over 90 commercial properties with approximately 300,000 m² of rental space across Estonia and Latvia, serving over 900 tenants. The property portfolio includes named commercial buildings such as Hobujaama 4, Scala City, Narva mnt 4, Narva mnt 7a, Pärnu mnt 22, Meistri 22, Osmussaare 8, Pärnu mnt 67a (Press House), and specialized facilities like Reti tee Warehouses and Vesse 3. The company also maintains the Colonna Charity Fund, a philanthropic initiative supporting children's healthcare.
Differentiator
Problem solved
Functional benefit
Brands
- Colonna Charity Fund: Charity foundation established in 2018 to support children's healthcare, including newborn and premature baby care, and broader child health initiatives.
Products and services
- Commercial Real Estate Investment (Investeerimine) Mediates placement of international professional investors' capital into Baltic real estate projects, facilitating property acquisitions and ongoing asset management. Targeted at professional investors seeking access to the Baltic market.
- Commercial Space Rental (Äripindade rent)
Quantifiable outcome
- Nearly 400 million euros mediated in Baltic real estate market
- +3 more outcomes
Companies that use Colonna Capital
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
Colonna Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Colonna Capital partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Mapri EhituscoreConstruction contractor for Reti tee 6 multi-purpose stock-office building completed in June 2022.
- Mapri EhituscoreMapri Ehitus serves as the general contractor for construction projects, including the Vesse 3 extension and Reti tee 6 stock-office development. The partnership enables Colonna to execute real estate development projects.
- Eestimaa Sünnitusmajade ToetusfondminorCharitable foundation partner for supporting maternity hospitals and children's healthcare through the Colonna Charity Fund.
- Colonna Kinnisvara OÜcorePart of Colonna group of companies, providing real estate rental and sales services.
- Colonna Varahaldus OÜcorePart of Colonna group, providing property management services. Acts as authorized processor for property buyers, tenants, and partners.
- Allianss ArhitektideminorInterior design partner for Narva mnt 7a renovation project, creating modern, bright, and contemporary spaces.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Colonna Capital competitors and assessment
Company assessmentBroad incumbents
- CBRE Estonia / CBRE Baltics: Global commercial real estate services firm with Baltic operations providing investment sales, leasing, and capital markets advisory; comparable as a larger incumbent offering overlapping CRE brokerage and capital markets services in the same geography.
- East Capital: Swedish-founded asset manager with deep exposure to Baltic equities and real estate, acting as a broader incumbent investor in the same regional market where Colonna intermediates capital.
Others
- Mapri Ehitus: Estonian construction and general contractor that has served as Colonna's core construction partner on the Vesse 3 extension and Reti tee 6 development; comparable as an adjacent ecosystem participant and operational dependency.
Direct peers
- EfTEN Capital: Estonian-headquartered real estate fund manager investing in Baltic commercial properties (retail, office, logistics) with a comparable investor-facing model and similar Baltic geographic focus to Colonna.
- Capitalica: Lithuanian commercial real estate investment and development company focused on office, retail, and logistics in the Baltics, with a comparable principal-investor and asset-management profile to Colonna.
- Lords LB Asset Management: Baltic-focused asset manager running real estate and private equity funds investing in commercial property across Lithuania, Latvia, and Estonia; comparable as a fund-led CRE investor in the region.
- Northern Horizon Capital: Nordic/Baltic real estate fund manager operating across the Baltics with healthcare, office, and residential strategies; directly comparable as a regional CRE investor pooling third-party capital into Baltic assets.
Regional players
- Pindi Kinnisvara: Estonian real estate brokerage and property services firm active in residential and commercial transactions and management; comparable as a domestic CRE services peer operating in the same Estonian market.
- Ober-Haus Real Estate Advisors: One of the largest Baltic real estate advisory and brokerage firms operating across Estonia, Latvia, and Lithuania; comparable as a regional CRE intermediary and advisory player in the same markets.
- Uus Maa Kinnisvara: One of the largest Estonian real estate brokerages offering brokerage, valuation, and property management services domestically; comparable as a regional competitor in commercial leasing and CRE services in Estonia.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Colonna Capital social profiles
Digital presenceColonna Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Colonna Capital leadership team
Management profileNumber of profiles
Profiles11 records
Colonna Capital subsidiaries and ownership
Company hierarchySubsidiaries3 records
Colonna Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Colonna Capital 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 Colonna Capital
What does Colonna Capital do?
Colonna Capital mediates the placement of capital from international professional investors into Baltic commercial real estate projects, acquires and owns commercial properties, and operates them through leasing and property management. Its portfolio covers offices, retail, warehouse/stock-office space, and selective residential developments across Estonia and Latvia, with a current portfolio of approximately 100 properties and over 300,000 m² of rental space leased to 900+ tenants.
Is Colonna Capital a public or private company?
Colonna Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Colonna Capital founded?
Colonna Capital was founded in 2006. It employs 11 to 50 people.
Where is Colonna Capital based?
Colonna Capital is headquartered in Tallinn, Estonia, in the Europe region.
How does Colonna Capital make money?
Three revenue lines are on record. Investment Mediation is the primary driver. The others are commercial Property Rental and real Estate Development.
Who are Colonna Capital's main competitors?
Broad incumbents on record are CBRE Estonia / CBRE Baltics and East Capital. Mapri Ehitus is listed as an others. Direct peers are EfTEN Capital, Capitalica, Lords LB Asset Management and Northern Horizon Capital. Regional players are Pindi Kinnisvara, Ober-Haus Real Estate Advisors and Uus Maa Kinnisvara.
Does Colonna Capital have an API?
No public API is recorded for Colonna Capital.
What industry is Colonna Capital in?
Colonna Capital's product category is Commercial Real Estate Investment. Its primary akta.pro industry code is BPAJAMAJ, Real Estate Portfolio & Fund Management (Institutional/REIT/PE), with a secondary code of BPAJABAI, Investment Sales Brokerage. Its NAICS code is 523940 and its SIC code is 6532.