What Capfield does

Capfield OÜ is an Estonian privately-held shopping centre owner and developer founded in 2016 and headquartered at Ahtri 9, Tallinn. The company owns and operates a portfolio of six retail properties — Nautica (Tallinn city centre, between the cruise port and Old Town), Lasnamäe Centrum (the largest centre in Tallinn's Lasnamäe district, ~90 shops, ~3 million annual visitors), Lasnamäe Prisma, Lasnamäe Bauhaus, Tondi Selver, and Pärnu Suve Keskus — totalling over 90,000 square metres of commercial space and housing more than 200 local and international retailers. Anchor tenants account for 65% of total leasable space and include Bauhaus, Maxima, Prisma, Rimi Hyper, Selver, H&M, KFC, IKEA, Nike, and Euronics.

The company's revenue model is direct leasing of commercial retail space via multi-year contracts negotiated based on location, square footage, and anchor status. GTM is enterprise field sales targeting national and international retail brands for placement in high-traffic centres. Professional services (banking, brokerage, legal, advisory) are provided by a tier-1 partner ecosystem including Luminor, Colliers, COBALT, EY, and CBRE Baltics. On the technology side, Capfield has deployed R8 Tech's AI-based facility-management software at Nautica for operational automation, and has installed Enefit EV-charging infrastructure at multiple centres as part of a sustainability buildout. Recent strategic capital deployment includes a €5M+ renovation of Lasnamäe Centrum and the 2025 redevelopment of Pärnu Suve Keskus, anchored by Estonia's first IKEA in Pärnu. The company is led by a small management team (Reimo Simsalu, Head of Real Estate and Business Development; Teana Baskirtseva, Head of Centres; Leila Niidas, Marketing Manager; Tanel Kahn, Construction and Maintenance Manager).

Name

Capfield

Legal name

Osaühing Capfield

Website

https://capfield.ee

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Capfield OÜ is a Tallinn-based, privately-held Estonian shopping centre owner and developer operating six retail properties totalling over 90,000 sqm and 200+ tenants, generating revenue through direct multi-year leases to international and local retail brands.

Ownership category

akta.pro rank

Headquarters

HQ city

Tallinn

HQ country

Estonia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Commercial Real Estate Rental: Capfield generates revenue through leasing retail and commercial spaces to various tenants in their shopping centres. Anchor tenants account for 65% of the portfolio's total leasable space. The company develops, owns, and manages shopping centres across Estonia.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Capfield OÜ owns, develops, and manages a portfolio of shopping centres in Estonia (Tallinn and Pärnu), leasing commercial retail space to anchor and non-anchor tenants such as Bauhaus, Maxima, Prisma, H&M, IKEA, KFC, and Nike Outlet. The portfolio totals over 90,000 square metres across six centres (Nautica, Lasnamäe Centrum, Lasnamäe Prisma, Lasnamäe Bauhaus, Tondi Selver, and Pärnu Maxima/Suve Keskus) housing more than 200 local and international shops. Revenue is generated through multi-year commercial lease agreements negotiated directly with retail tenants.

Product overview

Capfield OÜ is one of Estonia's leading shopping centre owners and developers managing a portfolio of six retail centres totalling over 90,000 square metres of commercial space. The portfolio includes Nautica (flagship city centre location near Tallinn Old Town and harbour), Lasnamäe Centrum (largest Lasnamäe district centre with 90 shops), Lasnamäe Prisma (family-oriented shopping), Lasnamäe Bauhaus (construction and renovation focused), Tondi Selver (neighbourhood supermarket), and Pärnu Maxima/Suve Keskus (recently redeveloped centre now including IKEA). Anchor tenants occupying 65% of leasable space include Bauhaus, Maxima, Prisma, Rimi Hyper, Selver, H&M, KFC, Burger King, Nike Outlet, SportsDirect.com, Deichmann, Jysk, Euronics, Apollo bookstores, and LPP fashion brands.

Differentiator

Problem solved

Functional benefit

Products and services

• Nautica Flagship shopping centre located between Tallinn cruise port and Old Town, serving as a gateway to the city. Features up to 75 shops including international brands, the flagship Tradehouse store, Estonia's largest professional beauty store, restaurants, and a casino. Hosts R8 Tech AI operational software.
• Lasnamäe Centrum Largest shopping centre in the Lasnamäe district of Tallinn, offering a full range of services, household goods, electronics, cosmetics, restaurants, and sports/shoe/fashion stores. Features approximately 90 shops, a 750-space parking lot with 1,280 kW of EV charging, and serves approximately 3 million visitors annually. Undergoing EUR 5+ million renovation.
• Lasnamäe Prisma Shopping centre offering a wide range of shops and dining options for everyday needs and special occasions, with 700 parking spaces and a family-friendly atmosphere. Serves approximately 2.4 million visitors annually. Hosts tenants including Tavid precious metals dealer (opened June 2026).
• Lasnamäe Bauhaus Spacious, visitor-friendly shopping centre focused on construction and renovation needs. Offers a wide range of quality building materials, tools, and home decoration products, with a Drive-In facility for bulky purchases. Anchored by Bauhaus.
• Tondi Selver Neighbourhood Selver store in the Tondi area, known for convenient location, wide selection of goods, and service. Offers diverse groceries, fresh produce, bakery products, and household goods.
• Pärnu Maxima / Suve Keskus Modern shopping centre in Pärnu combining the Maxima XXX supermarket with multiple well-known shops and service providers. Total area exceeds 11,000 m². Redeveloped and reopened in July 2025, now including Pärnu's first IKEA store. Tenants include Kika, Euroapteek, L-Cosmetics, and features 380 kW super-fast EV chargers.

Quantifiable outcome

• 3 million annual visitors at Lasnamäe Centrum alone
• +3 more outcomes

Named customers31 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• CollierscoreStrategic or Co-development PartnerColliers is a global leader in real estate services and investment management. They provide professional real estate advisory services to support Capfield's property operations.
• COBALTcoreStrategic or Co-development PartnerCOBALT is one of the leading law firms in the Baltics, providing legal advisory services for Capfield's business operations and transactions.
• Ernst & Young (EY)coreStrategic or Co-development PartnerEY helps to create a better world through audit, consulting and innovation, providing professional advisory services to Capfield.
• CBRE BalticscoreStrategic or Co-development PartnerCBRE Baltics provides professional commercial real estate services in the Baltics, supporting Capfield's property management and advisory needs.
• Megameedia GroupminorGTM or Marketing PartnerMegameedia Group is one of the largest outdoor media companies operating in Estonia, providing outdoor advertising services for Capfield's shopping centres.

Scale indicators7 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Tallinna Kaubamaja Grupp: Estonian-listed retail conglomerate operating Selver supermarkets, Kaubamaja department stores and other retail formats, with associated real estate holdings. Comparable as a vertically-integrated Estonian retail conglomerate with shopping centre exposure.

Direct peers

• Hufvudstaden: Swedish real estate company focused on prime commercial properties in central Stockholm, including retail at locations like NK and Bibliotekstan. Comparable in its high-end urban retail focus and prime-location strategy.
• Citycon: Finnish shopping centre owner and developer with a Nordic and Baltic footprint, operating grocery-anchored and urban retail properties. The closest comparable in business model to Capfield, with publicly-traded visibility into retail real estate economics in the region.
• Atrium Ljungberg: Swedish commercial real estate company with significant retail and shopping centre holdings in Stockholm. Comparable to Capfield in its focus on operating prime urban commercial properties with strong tenant mixes.

Regional players

• NP3 Fastigheter: Swedish commercial real estate company focused on smaller commercial and industrial properties in northern Sweden. Comparable as a Nordic regional commercial real estate operator, though with different property-type focus.

Emerging players

• Arco Vara: Estonian-listed real estate developer with operations across the Baltics in residential and commercial property. Comparable as a Baltic regional real estate peer with similar local-market expertise.
• Liven: Estonian-Swedish real estate developer focused on premium residential and mixed-use projects in Estonia. Comparable as a domestic Estonian real estate operator, though primarily residential rather than retail-focused.
• Hepsor: Estonian-listed real estate developer active in both residential and commercial segments in Estonia and other Baltic markets. Comparable as a domestic Estonian real estate operator, though its primary focus is residential development.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/capfield-o%C3%BC

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Capfield