Pro Kapital Plans Housing, Retail Projects in Estonia, Latvia

Pro Kapital Grupp (PRO), an Estonian property developer, said it plans “substantial” residential developments and a shopping mall in Estonia and Latvia as the Baltic real-estate market is improving.

The Tallinn-based company is adding three new members to its board. They are Pertti Huuskonen, the chairman of Technopolis Plc (TPS1V), Petri Olkinuora, the former chief executive officer of Citycon Oyj (CTY1S), and Sari Aitokallio, the former finance chief of Sponda Plc, Pro Kapital said in a statement on its website today.

The company is 25 percent owned by Italian businessman Ernesto Preatoni.

To contact the reporter on this story: Ott Ummelas in Tallinn at oummelas@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.