Reterra Estate

What Reterra Estate does

Reterra Estate OÜ is a privately held, domestically capital-based real estate development and investment company founded in 2015 and headquartered in Tallinn, Estonia. The company develops and sells residential apartment buildings, mixed-use quarters, and commercial real estate (office, retail, service) across Tallinn and Tartu in Estonia and Riga in Latvia. Its portfolio includes 1,000+ completed homes, 3,000+ homes under development, 73,800 m² of completed commercial space, and 160,000 m² of commercial space in planning, supported by an asset base exceeding €130 million.

Reterra's flagship initiative is the Hipodroomi quarter in Tallinn — a 35-hectare mixed-use development planned to accommodate approximately 10,000 jobs, over 1,090 apartments, and up to 130,000 m² of commercial space, backed by a co-financed €11.6M junction reconstruction project. The company employs top architectural firms (PIN Arhitektid, KUU arhitektid, Apex Arhitektuuribüroo) and achieves A-class energy efficiency across its residential projects. Anchor commercial tenants include Telia, Pipedrive, Yolo Group, and Selver, while its residential buyer base spans individuals and families across the Baltic markets.

The business operates a sales-led, direct-distribution model with no intermediaries, using dedicated project sales managers across each city and a multi-language digital presence. Revenue is generated primarily through one-time residential unit sales, supplemented by commercial leasing (recurring) and the ReDesign interior design add-on service. A demand-generation lever, the New Beginnings Fund, offers up to €25,000 toward new home purchases at flagship projects. Reterra is led by founder and CEO Reigo Randmets alongside a team of approximately 17 employees and is ranked among the top 3 Estonian residential developers by apartment sales volume in 2025.

Name

Reterra Estate

Legal name

Reterra Estate OÜ

Website

https://reterra.ee

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Reterra Estate is a Tallinn-based, privately held real estate developer founded in 2015 that designs, builds, and sells residential and commercial properties across Estonia and Latvia. It serves individual home buyers and business tenants through direct sales, with a portfolio exceeding €130M in assets and top-3 market share in Estonia.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Residential Building Construction (23611)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Renovation, Remodeling & Tenant Improvements (General Contracting) (IMAFAAAE)

akta.pro secondary industry

Pre-Sale / Move-In Whole-Home Refresh & Modernization (HSAPAEAJ)

Keywords

• Residential real estate development
• Commercial property development
• Mixed-use urban quarters
• Interior design services
• Real estate investment

Headquarters

HQ city

Tallinn

HQ country

Estonia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Residential property sales: Reterra generates primary revenue by developing and selling residential apartments and homes. Revenue is recognized upon unit sales closings to end buyers. The company has 1,000+ completed homes and 3,000+ homes in development across multiple projects in Estonia and Latvia.
2. Commercial property sales and leasing: Reterra develops and sells or leases commercial real estate (office, retail, service spaces) to business tenants. With 73,800 m² of completed commercial space and 120+ business customers, commercial leasing provides recurring revenue. They offer customized solutions for IT, telecom, and startup tenants.
3. Interior design services (ReDesign): Reterra offers interior design packages (kitchens, materials, lighting, planning) as an add-on service bundled with property purchases, generating additional revenue per unit through design customization fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Reterra Estate develops and sells residential apartments and commercial real estate (offices, retail, service spaces) across Estonia and Latvia, with large-scale mixed-use urban quarters as flagship projects. In addition to property development, the company offers ReDesign interior design packages bundled with home purchases and a New Beginnings Fund financial incentive program offering up to €25,000 toward new home buyers.

Product overview

Reterra Estate is a domestic capital-based real estate development and investment company operating in Tallinn, Tartu, and Riga. The company offers a comprehensive portfolio of residential and commercial real estate developments. Core products include large-scale mixed-use quarters (Hipodroomi, Raemõisa, Lellepi Kvartāls), apartment buildings (Aviaatori Kodud, Tabasalu Pargikodud), and commercial properties (WoHo, Tiskre Ärimaja). Value-added services include ReDesign (interior design packages), the New Beginnings Fund (up to €25,000 financial incentive for home buyers), and a home value calculator tool. The company specializes in A-class energy efficiency buildings and partners with leading architectural firms and construction companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Hipodroomi Quarter A comprehensive residential and commercial quarter development in Tallinn spanning approximately 350,000 m² with over 1,090 apartments and commercial spaces up to 130,000 m², featuring underground parking with a tunnel system for vehicle traffic.
• Raemõisa A residential development in Rae municipality near Tallinn featuring A-energy class apartment buildings and townhouses with 352 homes across 31 buildings, designed in collaboration with PIN Architects.
• Aviaatori Kodud Aviation-inspired residential development in Tartu's Raadi district featuring A-class energy efficiency and car-free courtyard areas, with 223 apartments across 10 buildings.
• Tabasalu Pargikodud Residential and commercial building at Kallaste 5 in Tabasalu, developed with NOBE, featuring 30 apartments ranging from 2 to 5 rooms with balconies or terraces, designed by PIN Arhitektid.
• Lellepi Kvartāls (Peetri Kvartal) Planned residential and commercial quarter in Tartu behind St. Peter's Church, with approximately 150 apartments and 4,000 m² of commercial space planned across six buildings.
• City Torn Residential development project in Riga, Latvia, part of Reterra's expansion into the Latvian market.
• Skanstes Rezidences Residential development in Riga, Latvia located in the Skanstes area.
• Miera Rezidences Residential development project in Riga, Latvia.
• Parka Kvartals Residential quarter development in Riga, Latvia.
• Lāčplēša Plaza Commercial and residential development in Riga, Latvia.
• WoHo Commercial quarter development featuring specialized solutions for IT and telecom companies, with anchor tenants including Telia and Pipedrive.
• Tabasalu Centrs Commercial and retail center in Tabasalu that became a popular community hub with retail and office spaces, anchored by brands like Selver.
• Vilmsi 7 Residential development project in Tallinn.
• Elevators Commercial real estate development project.
• Yolo Group Office Office building developed for crypto technology company Yolo Group in Tallinn's Kalaranna district.
• Tartu Veselības centrs Healthcare center development in Tartu.
• Raadimõisa Parka Mājas Park houses development in Tartu near the Estonian National Museum.
• Reterra ReDesign Interior design service offering customizable design packages including kitchens, combined solutions, and materials selection, with design consultation and implementation for home interiors bundled with property purchases.
• Reterra New Beginnings Fund Financial incentive program offering up to €25,000 toward new home purchases from Reterra, available for projects including Hipodroomi (up to €25,000) and Aviaatori Kodud (up to €10,000).

Quantifiable outcome

• Over 1,000 homes completed and 3,000+ in development; 73,800 m² commercial space delivered; €130M+ asset portfolio
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

25 partnerships are on record, tiered core, major, supporting and minor.

• Apex ArhitektuuribüroocoreStrategic or Co-development Partner · 25 March 2026Won Reterra's architecture competition for the Peetri Kvartal (Lellepi Kvartal) development in Tartu with their 'Lellepi kvartal' proposal. The winning design integrates historical industrial references from the former Lellep metal factory with modern architecture. Authors: Ove Oot, Kristi Järvik, Silver Soe, Martin Lepplaan.
• Alfa Property OÜmajorStrategic or Co-development Partner · 5 May 2025Co-funder and co-developer of the Hipodroomi Quarter alongside Reterra. Jointly financing the Hipodroomi junction reconstruction project (€11.6M total cost) and the tunnel infrastructure (part of the quarter's €21M total infrastructure cost).
• AS Tallinna VesisupportingStrategic or Co-development Partner · 1 May 2025Water utility company contributing to the Hipodroomi junction reconstruction project. One of multiple stakeholders (alongside Reterra, Alfa Property, Utilitas, and the City of Tallinn) funding the €11.6M intersection upgrade.
• AS Utilitas Tallinna SoojussupportingStrategic or Co-development Partner · 1 May 2025District heating utility co-funding the Hipodroomi junction reconstruction project. Part of the public-private infrastructure funding consortium for the Hipodroomi area upgrade.
• Megido OÜsupportingStrategic or Co-development Partner · 1 May 2025Construction firm serving as the main coordinator for the Hipodroomi junction reconstruction works. Part of the joint contracting consortium with Giga Ehitus OÜ and Viamer Grupp OÜ for the €11.6M infrastructure project.
• Giga Ehitus OÜsupportingStrategic or Co-development Partner · 1 May 2025Construction contractor engaged for the Hipodroomi junction reconstruction works as part of the joint contracting consortium alongside Megido OÜ (main coordinator) and Viamer Grupp OÜ.
• Viamer Grupp OÜsupportingStrategic or Co-development Partner · 1 May 2025Construction contractor engaged for the Hipodroomi junction reconstruction works as part of the joint contracting consortium alongside Megido OÜ and Giga Ehitus OÜ.
• Mapri EhituscoreStrategic or Co-development PartnerPrimary construction partner for Reterra's residential and commercial projects. Mapri Ehitus is the main contractor for Hipodroomi Quarter (35 ha mixed-use development), Aviaatori Kodud (Tartu), and Raemõisa residential development. Construction teams of ~100 workers on building works and ~70 on tunnel/infrastructure works at Hipodroomi.
• PIN ArhitektidcoreStrategic or Co-development PartnerLeading Estonian architecture firm engaged as architect for multiple Reterra projects including Raemõisa, Tabasalu Pargikodud, Hipodroomi Quarter, and Peetri Kvartal. Responsible for architectural design quality across residential and commercial developments.
• KUU arhitektidcoreStrategic or Co-development PartnerArchitecture firm responsible for the Aviaatori Kodud project in Tartu — designed as an aviation-inspired residential district with A-class energy efficiency and car-free courtyards.
• NOBEmajorStrategic or Co-development PartnerConstruction partner for Raemõisa residential development alongside Mapri Ehitus, and co-developer of Tabasalu Pargikodud project. Jointly celebrated topping-out ceremony for Tabasalu Pargikodud (May 2026).
• AunmanminorOthersInterior design/furniture partner for Reterra's ReDesign interior package services. One of nine furniture and design partners providing curated solutions for Reterra's interior design offerings.
• Hektor LightminorOthersLighting specialist partner for Reterra's ReDesign interior package services. Part of the curated supplier network for Reterra's interior design solutions.
• Elke MööbelminorOthersFurniture partner for Reterra's ReDesign interior package services. One of nine furniture and design partners for Reterra's interior customization offerings.
• FurgnerminorOthersInterior design partner for Reterra's ReDesign services. Part of the curated partner network for interior design packages.
• DeverminorOthersInterior design/furniture partner for Reterra's ReDesign interior package services.
• ArdraiminorOthersInterior design partner for Reterra's ReDesign services. One of the supplier partners in Reterra's interior design ecosystem.
• SofaserviceminorOthersFurniture/sofa specialist partner for Reterra's ReDesign interior package services.
• KadrinalminorOthersInterior design partner for Reterra's ReDesign interior package services. Part of the curated supplier network.
• RuubyminorOthersInterior design partner for Reterra's ReDesign interior package services.
• BC Kalev/CramominorOthersEstonian basketball club sponsored by Reterra as part of community support and brand-building initiatives.
• Viimsi Basketball ClubminorOthersLocal basketball club supported by Reterra through sports sponsorship as part of the company's community engagement strategy.
• Viimsi Football ClubminorOthersLocal football club supported by Reterra as part of community sports sponsorship initiatives.
• Nora LeinusminorOthersAthlete supported by Reterra through individual sponsorship as part of the company's community support program.
• Keira RatturminorOthersAthlete supported by Reterra through individual sponsorship as part of the company's community engagement initiatives.

Scale indicators10 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Hepsor: Listed Estonian residential real estate developer developing apartment buildings primarily in Tallinn and Tartu. Directly competes with Reterra in the Estonian apartment market with similar product (energy-efficient urban residential) and similar geographic focus.
• Pro Kapital Grupp: Baltic real estate developer focused on large-scale mixed-use residential and commercial quarters in Estonia and Latvia. Highly comparable to Reterra's quarter-based development strategy (e.g., Hipodroomi, Lellepi Kvartāls).
• Capital Mill: Estonian residential developer building apartments and mixed-use projects in Tallinn and Tartu. Comparable scale, product type, and geographic focus, competing directly with Reterra for the same domestic Estonian buyer pool.
• Endover Vahendus: Estonian residential real estate developer active in Tallinn and surrounding areas. Comparable product (new-build urban apartments), comparable target buyer profile, and a direct competitor in the same Estonian metropolitan markets.
• Kaamos Group: Estonian real estate developer and investor focused on residential and commercial property across Tallinn and Tartu. Closely comparable to Reterra in geography, scale, and product mix, and a direct competitor for top-3 rankings in Estonian apartment sales.

Broad incumbents

• Bonava: Swedish residential developer with active operations across the Baltics, building apartments in Estonia, Latvia, and Lithuania. Larger, publicly listed incumbent competing with Reterra for the same urban homebuyer demographic in Tallinn and Riga.
• YIT: Finnish-listed residential and commercial real estate developer with operations across the Nordics and Baltics. Comparable in product (urban apartments, mixed-use quarters) and geographic reach (Estonia, Latvia), with a broader portfolio and capital base than Reterra.
• Merko Ehitus: Estonia's largest listed construction and real estate group, developing residential apartments, commercial real estate, and infrastructure across the Baltics. A broader incumbent with both construction contracting and development arms, overlapping with Reterra on residential apartments and major mixed-use projects.

Regional players

• Kapitel Group: Estonian real estate company focused on commercial real estate (office and retail) in Tallinn. Overlaps with Reterra on the commercial segment, particularly tailored office space for IT and corporate tenants, though with less residential exposure.
• EKE Arendus: Estonian real estate developer with a long heritage in residential and commercial development across Estonia. Comparable as a domestic-Estonian peer in residential construction, though with a narrower geographic footprint than Reterra.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/reterraestate
• LinkedInlinkedin.com/company/reterra-estate
• Instagraminstagram.com/reterrakinnisvara

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Reterra Estate