What Noblessner does

Noblessner is a mixed-use waterfront district in Tallinn, Estonia, redeveloped from a 1912 submarine shipyard (originally established by Emanuel Nobel and Arthur Lessner) into a residential, commercial, cultural, and maritime destination. The project is owned through Kodusadam OÜ, a 50/50 joint venture between BLRT Grupp AS and Merko Ehitus Eesti established in December 2014, with day-to-day operations managed by Noblessner Arendus OÜ. Since 2019 the development has delivered more than 500 apartments across multiple phases (Staapli Street in 2019, Vesilennuki/Lennusadama in 2022–2023, and Allveelaeva 4 in 2023), with Allveelaeva 2 currently under construction for 2027 completion. The first phase alone comprised 53,000 m2 of built area (33,000 m2 residential and 20,000 m2 commercial) at an investment volume of 80 million EUR.

The district hosts a curated tenant mix anchored on cultural venues (Kai Art Centre, PROTO Invention Factory, Nobel Hall, Noblessner Foundry, Technoclub HALL), dining operators (180° by Michelin-starred Matthias Diether, Lore Bistroo, Põhjala Tap Room, Brewklyn Craft Beer Bar, UMA, Lessner, and others), three contemporary art galleries (Temnikova & Kasela, Tütar, PUNCTUM), and supporting retail and leisure. Noblessner Marina opened in 2010 and now provides 246 berths with capacity targeting 300+ by 2025, supporting both contract and visitor berthing, a 24/7 surveillance infrastructure, and a co-located NYCS Sailing School whose alumni include Olympic athlete Ingrid Puusta.

Revenue is generated through four streams: one-time residential apartment sales (priced from 3,520 EUR/m2), recurring commercial space leasing (units of 89–433 m2 across the district), seasonal and visitor marina berthing (contract at 208 EUR/meter/season; visitor from 15–40 EUR for 2–24 hours, with custom pricing for vessels over 15 meters), and sailing school and ancillary leisure fees. Distribution is direct to consumer for residential and berth buyers and direct-to-tenant for commercial leasing, complemented by an event-led and community-led go-to-market that uses Ironman Tallinn, Tall Ships Races, Tallinn Maritime Days, and seasonal programming to drive footfall.

Name

Noblessner

Legal name

Noblessner Arendus OÜ

Website

https://noblessner.ee

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

Noblessner is a mixed-use waterfront district in Tallinn redeveloped from a historic submarine shipyard into a 500+ apartment residential, commercial, cultural, and marina destination owned by a BLRT Grupp–Merko Ehitus joint venture.

Ownership category

akta.pro rank

Headquarters

HQ city

Tallinn

HQ country

Estonia

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Infrastructure, Personnel, Marketing or Sales, Operations

Revenue model

1. Apartment Sales: Residential real estate development and sales of apartments to individual buyers. Over 500 apartments built across multiple phases (Staapli quarter, Vesilennuki, Lennusadama, Allveelaeva). Sales managed by Merko and BLRT Grupp through Kodusadam OÜ joint venture.
2. Commercial Space Leasing: Rental income from commercial premises including restaurants, shops, galleries, and offices throughout the district. Commercial spaces range from 89 m2 to 433 m2 with option to combine or subdivide.
3. Marina Berths: Marina berth rental income from contract and visitor berthing. Contract berthing at 208 EUR per meter per season. Visitor berthing from 15-40 EUR per 2-24 hours depending on vessel size. Marina season runs May 1 to October 31.
4. Sailing School Programs: NYCS Sailing School operates recreational, youth, and competitive sailing programs. Teaches children ages 7-18, with adult members using facilities as training club.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Noblessner is a mixed-use waterfront district in Tallinn, Estonia, that develops and sells residential apartments, leases commercial spaces, and operates a full-service marina with seasonal and visitor berths. The district also hosts cultural venues, restaurants, galleries, and water sports facilities, transforming a former 1912 submarine shipyard into a modern urban district with 500+ apartments and plans to expand marina capacity to over 300 berths by 2025.

Product overview

Noblessner is a mixed-use marina district and real estate development in Tallinn, Estonia, situated on a former submarine shipyard site. The development encompasses residential buildings (Allveelaeva 2, Allveelaeva 4), a full-service marina (Noblessner Marina), and diverse commercial offerings including cultural venues (Kai Art Center, PROTO Invention Factory, Nobel Hall, Noblessner Foundry, Technoclub HALL), dining establishments (180°, Brewklyn Craft Beer Bar, Lore Bistroo, Põhjala Tap Room, UMA, Robert's Coffee, Vernalia, SUVILA, Lessner, PROTO Café), art galleries (Temnikova & Kasela, Tütar, PUNCTUM), retail and services (Baltic Brilliant, Iglu, Iglupark), and sports facilities (NYCS Sailing School, Wambola Surf & Bar). The first development phase was completed in 2019, with subsequent phases adding residential capacity through 2024-2027. The marina offers 246 berths with services including water, electricity, WiFi, surveillance, and sanitation.

Differentiator

Problem solved

Functional benefit

Brands

• Noblessner Marina: Marina facility with 246 berths, opened in 2010, located between Mine Harbour and Seaplane Harbour. Provides berthing, water, electricity, WiFi, shower, WC, sauna, and other services.
• PROTO Invention Factory
• Kai Art Center
• Noblessner Foundry
• Noblessner Jahisadam

Products and services

• Residential Apartments (Noblessner District) Modern apartments in Tallinn's waterfront Noblessner district, ranging from 28 m² to 377 m², with pricing starting from 3,520 EUR per square meter. Multiple phases including Allveelaeva 4, Allveelaeva 2, Vesilennuki/Lennusadama, and Staapli buildings, with 500+ apartments built in total. Designed for primary residences and home offices.
• Commercial Space Leasing Commercial premises for restaurants, shops, galleries, and offices throughout the Noblessner district. Spaces range from 89 m² to 433 m² with the option to combine or subdivide during construction, featuring 5m ceiling heights. Targeted at premium hospitality, retail, and service operators.
• Noblessner Marina Berths Full-service marina offering contract berthing (seasonal) and visitor berthing (hourly/daily) for yachts and boats. Contract berths at 208 EUR per meter per marina season (May 1 to October 31); visitor berthing from 15-40 EUR per 2-24 hours. Services include berthing, water, electricity, WiFi, 24/7 surveillance, shower, WC, sauna, laundry, garbage disposal, and scooter rental. Marina code: EE NOB.
• NYCS Sailing School Programs Sailing school offering recreational sailing, youth sailing programs (ages 7-18), and competitive sailing training. Olympic athlete Ingrid Puusta is a notable alumnus. Adult members use NYCS as a training club facility.
• Kai Art Center Contemporary art center located in a former submarine plant building, featuring exhibitions, an art house cinema (Sõprus), international residency program, and co-working office space for cultural organizations. Produces 2-3 large-scale exhibitions annually.
• PROTO Invention Factory Family attraction center combining virtual reality technology with historical technological prototypes from over a hundred years ago, creating an experimentation lab with attractions for all ages. Housed in the former Noblessner Foundry building.
• Nobel Hall Event Venue Approximately 650 m² event venue with separate entrance and lobby, located in the Noblessner Foundry building. Suitable for corporate events, product launches, conferences, and cultural events in a historic industrial setting.
• Noblessner Foundry Concert Venue Historic industrial building completed in 1914, featuring unique acoustics used for world-class concerts and recordings including Arvo Pärt's and Heino Eller's symphonies. Houses PROTO Invention Factory and Nobel Hall.

Quantifiable outcome

• Baltic Real Estate Awards 2020 winner - Best Urban Regeneration category
• +3 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Port Vell (Barcelona): Mediterranean urban marina and waterfront mixed-use complex combining berthing with commercial, dining, and entertainment offerings. Comparable to Noblessner in combining marina operations with adjacent commercial/cultural draw, though operating in a warmer year-round climate.
• Merko Ehitus Eesti: 50% JV partner in Kodusadam OÜ and the lead construction contractor for Noblessner residential phases including Staapli, Vesilennuki, and Allveelaeva buildings. As Estonia's largest listed residential developer, it is directly comparable in residential product type, target customer, and Tallinn premium market positioning.
• Pirita Marina: Another full-service marina in Tallinn offering berthing, water, electricity, and related services. Directly comparable marina operations, customer base (boat owners in Tallinn Bay), and seasonal revenue model, making it Noblessner Marina's primary local competitor.
• Port Adriano (Mallorca): Refurbished Mediterranean marina redesigned by Philippe Starck combining berthing with upscale dining, retail, and event venues. Comparable marina-centric mixed-use model, though in a year-round warm climate versus Noblessner's six-month operating season.
• Telliskivi Creative City: Tallinn urban regeneration project that transformed former railway infrastructure into a creative hub with restaurants, galleries, offices, and event venues. Highly comparable to Noblessner in concept (industrial-to-mixed-use conversion), target demographics (creatives, tourists, F&B operators), and event-driven GTM motion.

Broad incumbents

• BLRT Grupp AS: Parent company of Noblessner Marina and 50% JV partner in Kodusadam OÜ. BLRT is an Estonian maritime-industrial conglomerate with shipbuilding, ship repair, and real estate operations, providing directly comparable maritime-industrial-to-real-estate conversion expertise that underpins Noblessner's origin story.
• HafenCity Hamburg GmbH: One of Europe's largest inner-city urban regeneration projects, converting Hamburg's historic port and warehouse district into a mixed-use waterfront with residential, commercial, cultural, and tourism uses. Conceptually parallel to Noblessner's submarine shipyard-to-mixed-use waterfront regeneration model at a larger scale.
• Tel Aviv Port Company: Operator of Tel Aviv's regenerated historic port area into a mixed-use waterfront with restaurants, retail, galleries, and event spaces. Comparable urban regeneration of port/maritime infrastructure into cultural and lifestyle destination, similar to Noblessner's district positioning.
• Norra Djurgårdsstaden (Stockholm Royal Seaport): Stockholm's major waterfront urban regeneration project converting former harbor/industrial land into a sustainable mixed-use district. Comparable in scale, mixed-use residential-commercial-cultural mix, and waterfront regeneration narrative to Noblessner.

Regional players

• Oslo Sørenga / Tjuvholmen: Oslo's waterfront residential and marina redevelopment featuring modern apartments, marina berths, restaurants, and cultural venues (including Astrup Fearnley Museum on Tjuvholmen). Conceptually close to Noblessner in waterfront residential-plus-marina-plus-cultural mix, though operating in a different Nordic market.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Noblessnerlinnak
• Instagraminstagram.com/noblessner

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Noblessner