Our Developments
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Borgo
Residential and Commercial Development
Borgo is the newest premium residential development in Vilnius, located on one of the most distinctive sites in the historic Old Town, next to the renowned MO Museum. Set on a hillside within the UNESCO World Heritage area, the project embraces the unique character of its surroundings, combining historical heritage with contemporary architecture to create an exceptional place to live.
Inspired by the rich urban history of Vilnius, Borgo has been designed around the careful restoration of a historic building and the addition of a contemporary architectural volume that respectfully complements its surroundings. Rather than replacing the past, the project preserves and reinterprets it, giving new purpose to a landmark that has long been part of the city’s story.
The project will consist of a limited collection of approximately 53 premium residences (total gross buildable area: 5,741 m²), complemented by carefully integrated commercial spaces and underground parking. Positioned above the city, many homes will enjoy views across the rooftops and church towers of Vilnius Old Town, while residents will find themselves within walking distance of the city’s finest cultural destinations, restaurants, cafés and green public spaces.
Borgo continues Pro Kapital’s long-standing vision of shaping living environments that stand the test of time. Following the success of the nearby Šaltinių Namai | Attico neighbourhood, the project represents another carefully considered investment in the future of Vilnius Old Town—creating homes that offer not only exceptional quality and design, but also a genuine connection to the city’s history, architecture and everyday life.
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Kalaranna Kvartal
Residential and Commercial District
Kalaranna Kvartal is a unique sea-side residential district on the border of Tallinn’s city centre and old town. Kalaranna Kvartal, located at Kalaranna 8, consists of twelve 4-5-storey buildings on nearly six hectares. The area was developed in two stages. An integral part of the residential quarter is well-thought-out landscape architecture and a beach promenade that largely preserves the existing natural environment.
During the development, twelve buildings were completed, delivering 387 apartments, along with commercial premises and an underground car park. The area also features Kalaranna Park, offering a variety of leisure opportunities, and a central squares connecting the buildings. The final stage of the development was completed at the end of 2025, and the entire Kalaranna Kvartal is now finalised, with a limited number of residential units still available.
The final phase added a further 16,850 m² of gross buildable area, with 147 apartments and 4 commercial units.
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Šaltinių Namai | Attico
Residential and Commercial District
Šaltinių Namai | Attico is a prestigious living area, surrounded by the nature in the most tranquil part of the Old Town, located within the UNESCO protection area. Šaltinių Namai | Attico is inspired by the baroque spirit of Vilnius Old Town and the tradition of Italian architecture in Lithuania. Šaltinių Namai | Attico is planned for different user journeys – so that every home or business owner would feel welcomed and good here.
Homebuyers can choose from thoroughly planned apartments with exceptional views, spacious properties with roof top terraces, height ceiling and showcase windows to panoramic view. As an integral part of the landscape, this unique area has the first Italian courtyard garden in the city, designed by an Italian concept architect Gianmarco Cavagnino. To date we have completed five houses of the Šaltinių Namai | Attico project.
Šaltinių Namai | Attico is a residential and business area, with emphasis on the secure and comfortable living environment and car-free city-space. The first phase was completed in 2019. Šaltinių Namai | Attico is truly valued by people for the exceptionally high quality, functionality, thoughtful user experience, security and comfort. Here, right on the border of the Old Town of Vilnius, people live like in the garden city – away from the noise of the city centre and yet right in the heart of Vilnius.
Ongoing Developments:
Šaltinių Namai | City Villas & Business
Residential and CommercialŠaltinių Namai City Villas & Business is the final completed phase of the prestigious Šaltinių Namai | Attico quarter in central Vilnius. Located within the UNESCO World Heritage protection area, the development combines exclusive residential living with boutique commercial premises in a carefully designed urban environment.
Completed in the first quarter of 2026, the development comprises 59 residential and commercial units with a combined gross buildable area of 9,578 m². The project includes luxury apartments, spacious homes with private rooftop terraces, and commercial premises integrated into the quarter’s distinctive architectural concept.
Designed for residents and businesses seeking quality, privacy, and a unique location, Šaltinių Namai City Villas & Business offers exceptional views towards Vilnius Old Town, generous layouts, and a tranquil garden-city atmosphere within walking distance of the city centre. As one of the final phases of the Šaltinių Namai neighbourhood, the development reflects the evolution of premium urban living in Vilnius, combining high-quality architecture, carefully curated public spaces, and an outstanding residential environment.
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Kristiine City
Residential area
Kristiine City is one of the largest residential areas in the Baltic countries, located in the Kristiine borough, a residential area very close to the City Centre of Tallinn. The unique project plans exquisitely integrated historical red brick buildings with the modern architecture that will arise over the hill, at the very heart of the new quarter. The Kristiine City development will bring lively and elegant atmosphere to the barrack area. The residential area is developed mainly to offer green living environment to families and people who prefer living outside the very centre of the city.
Developed phase by phase, Kristiine City already counts several completed stages – Tondi 51 Barracks, Marsi 6 lofts, Kristina Houses, and Ratsuri Houses – with new buildings under construction and further homes still to come.
Kindrali Houses — partly completed, under construction
Set between the private homes and apple orchards of Kristiine, Kindrali Houses offers modern and cosy living in Nordic-style buildings of high-quality materials and thoughtfully crafted interior details. The development includes spacious one- to five-room apartments, studio apartments with private entrances, and even a pet washing room.
The first stage of Kindrali Houses is complete and all apartments handed over. The second stage, Uus-Kindrali, unfolds across two buildings: the “white house” at Talli 3 / Sammu 8 is finished and welcoming its residents, while the seven-storey “black house” at Sammu 10 / Seebi 24a is taking shape beside it, with completion planned for late 2026.
Together, the two buildings of Uus-Kindrali — the white house and the black house — comprise a gross buildable area of 22,700 m², with 183 apartments and 2 commercial units.
kindralimajad.kristiinecity.ee
Musketäri Majad — under construction
Musketäri Majad is the final stage of the Kindrali Houses development and the most recently launched chapter in Kristiine City’s growth. It extends the quarter’s green, community-centred environment with three buildings of six and seven storeys. The development pairs contemporary architecture with considered spatial design, including homes with their own private entrances and terraces.
Built in two stages, Musketäri Majad will comprise 255 apartments across a gross buildable area of 29,500 m². Construction began in early 2026. In the first stage, a mixed-use building with commercial premises at Sammu 7 / Talli 1 will be completed by the end of 2027, followed by a residential building at Rivi 8 in spring 2028. The second stage will add a residential building at Seebi 22a / 22b.
Future stages — in planning
Several further homes are in active preparation within Kristiine City, with design work and building-permit applications under way. Dunte — the Tondi 53 project — has obtained its building permit and completed the design phase, bringing a contemporary home to a historic building on Tondi Street and uniting the heritage of the area with present-day living standards. NÜÜD Houses takes its name from its architects, NÜÜD Arhitektid, reflecting a distinctive architectural vision and a contemporary approach to urban living, with its final name to be confirmed once design is complete. And Sammu Residence is designed to complement the surrounding urban fabric, offering contemporary homes in a well-connected, established district close to the city centre. Together, these future stages will add around 43 852 m² of gross buildable area — roughly 95% residential and 5% commercial.
Dunte: approx. 160 apartments (gross buildable area: 14,352 m²); NÜÜD Houses: 155 apartments (gross buildable area: 23 500 m²); Sammu Residence: 46 apartments (gross buildable area: 6000 m²).
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Kliversala Bay
Residential and Commercial District
Located within the UNESCO World Heritage protection zone, Klīversala is one of Riga’s most prestigious waterfront areas. Situated on the banks of the Daugava River opposite Old Town Riga, it combines historic charm with contemporary urban living. Klīversala Bay is being developed as a modern mixed-use neighbourhood featuring residential buildings, cafés, restaurants, and public spaces in a vibrant yet thoughtfully designed environment.
Upon completion of all planned development phases, the quarter is expected to deliver approximately 670 apartments with a total gross buildable area of 105,000 m², establishing Klīversala as one of the most significant waterfront residential destinations in Riga.
Ongoing developments:
Blue Marine Residence
Blue Marine Residence is a premium waterfront residential development located in the rapidly transforming Āgenskalns Bay area of Riga. Positioned directly on the banks of the Daugava River, the project combines contemporary architecture, energy-efficient solutions, and carefully designed living spaces with exceptional waterfront views.
Blue Marine Residence construction commenced in August 2025, with completion scheduled for August 2027. The development will comprise 96 apartments with a gross buildable area of 12,569 m². Many apartments will feature spacious balconies or terraces, maximizing natural light and views of the river and surrounding cityscape.
Located close to Riga’s city centre, Blue Marine Residence offers a unique balance between urban convenience and a peaceful waterfront lifestyle. The project forms part of the ongoing regeneration of the Āgenskalns Bay area, one of Riga’s most promising residential destinations.
Completed projects in Kliversala Bay: River Breeze Residence, Kuģu iela 26
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Ülemiste 5
Business development
Ülemiste 5 is a planned business development in one of Tallinn’s most strategically connected locations, in the immediate vicinity of the future Rail Baltica Ülemiste international terminal. With a planned gross buildable area of approximately 22,500 m², the development is envisioned to contribute to the transformation of the area into an important transport and business hub, connecting Tallinn with the wider Baltic and European network.
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City Oasis residential quarter, Tallinas iela 5/7
Residential building complex
City Oasis is a planned residential quarter in central Riga. The development will feature a series of residential buildings with commercial premises on the ground floor, combining newly constructed buildings with carefully restored historic architecture to create a distinctive and vibrant urban environment.
Upon completion, the project is planned to comprise approximately 41,300 m² of gross buildable area, delivering a diverse collection of modern homes together with integrated commercial spaces.
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Brīvības street Business Quarter in Riga
Business centre
Brīvības Street Business Quarter is a planned mixed-use business development located along one of Riga’s main transport arteries – Brīvības Street. The site includes a former industrial building, with a long-term vision to combine the restoration of its historical character with the development of modern office and commercial buildings.
The project has a planned gross buildable area of approximately 34,600 m².
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PK Parkhotel Kurhaus Bad Kreuznach
Hotel complex
PK Parkhotel Kurhaus in Bad Kreuznach is a gracious hotel built in 1913 and situated in the SPA-Garden of Bad Kreuznach, on an island surrounded by the river Nahe. It offers 120 elegant and comfortable rooms including 6 Suites with a garden view. Guests have a free and direct admission to the thermal bath „crucenia-therme“ and the hotel sauna. A beauty farm is also located inside the hotel, offering an excellent variety of treatments for body and soul.
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PK Ilmarine Hotel (former Domina Inn Ilmarine Hotel)
Hotel
The building previously housed the Friedrich Wiegland Engineering Factory, once renowned throughout the Russian Empire was established in 1881. The company changed its name to Ilmarine in 1920, which gave also the name to the hotel that was opened in 1999 in the same building. The hotel changed its name to PK Ilmarine Hotel in 2012.
The hotel has 105 rooms, its exterior and interior recall its industrial past, while providing discreet accommodation and sumptuous comfort. Situated on the outskirts of the Old Town of Tallinn, close to the sea and a few minutes walk from the Passenger Port.
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T1 Mall of Tallinn
Shopping mall
The concept of T1 Mall of Tallinn is unique across the Baltics. The distinctive idea is to balance the traditional shopping experience by creating an environment where people can spend time and experience something new and exciting. T1 aspires to create new user journeys, by introducing unique international brands to the market which in well-distinctive balance with the versatile world of entertainment, allow different customer mindset to emerge.
T1 has spacious, bright interior architecture, shopping and art, but also versatile dining area “Taste of Tallinn” or “TOT” which is unique in Estonia for both in scope and layout. Most restaurants are located on the fourth floor, above regular shopping, with an opportunity to admire the breath-taking views to the city. T1 has world-class Cinamon Movie Theatre, the region’s largest indoor family entertainment center – Super Skypark, and a rooftop observation wheel Skywheel of Tallinn, unique in Europe.
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Ilmarine Quarter
Residential area
The Ilmarine Quarter was the first renovation project of Pro Kapital in Tallinn which included a whole housing block. With an excellent location at the waterfront the property was formerly an industrial facility headed by Ilmarine, a heavy engineering plant. The quarter was finished in 2008 and has 13 houses with 306 apartments that were completed together with office areas and underground parking.
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Kristiine Shopping Centre
Shopping centre
Kristiine Shopping Centre is one of the largest shopping centres in the Baltic countries. The constructions began in 1997 and were completed in 1999 with retail space for 60 stores including a 8,000 m2 hypermarket, restaurants, cafes, fast-food outlets and famous fashion brands.
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Rüütli 13
Apartment building
The historical building in the Old Town of Tallinn was first recorded in the 14th century and was one of the few buildings that remained almost untouched by the WW2 bombing. The building has had some reconstructions, with the last one finished in 2002. The building has shops on the ground floor and apartments on the 2nd-4th floors that have two to four room apartments.
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Demini
Shopping gallery
Demini Shopping Gallery is located in the Tallinn Old Town, one of the prime shopping areas, on the corner of Viru and Vene Street. The renovation of the department store was completed in one year and the complex was opened at the end of 1998. The basement and first three floors are retail space; the two uppermost floors accommodate exclusive apartments. Pro Kapital sold Demini Shopping Centre to an Italian investor at the beginning of 1999.
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Vene street 19
Residential building
Historical building in Tallinn Old Town was first mentioned in 1389. The unique property has two inner courtyards and courtyard buildings that date back to 17th century.
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Jegorov House
Luxury apartments
The historical building, bought in 2000, is located in the Town Hall Square of medieval Tallinn Old Town. Already mentioned in the 14th century the ensemble of buildings, that are situated in Raekoja square 8; Kinga street 6,8; Pikk street 12 and Mündi street 1,3, got its name in the 1918 when the merchant Iwan Jegorovitš bought the quarter. The quarter has a restaurant in the basement, shops on the ground floor, apartments on the 2nd-5th floors that have one to five rooms with some of the apartments on two floors and a inner quartyard.
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My City Hotel (former Domina City Hotel)
Hotel
Situated in the heart of Tallinn and its medieval Old Town, Domina City captures all the city’s excitement, energy and cultural diversity. The construction works of the building started in 2000 and were completed a year after.
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Šaltinių Namai
Residential area
Šaltinių Namai is a unique, prestigious residential area with commercial premises right in the heart of beautiful Vilnius. The area is located within the UNESCO heritage area, surrounded by the nature in the most peaceful part of the Old Town of Vilnius.
Residents of Šaltinių Namai Quarter are already enjoying the private courtyard, beautiful landscape and fully equipped children’s playground. Šaltinių Namai is consistent of altogether six five-floor apartment buildings with spacious attics and eleven private town houses. Šaltinių Namai was completed in 2016. A new project – Šaltinių Namai | Attico is currently under development. Please see more on the project page.
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Pro Kapital Business Centre
Business centre
Centrally located on Narva road, in the city centre of Tallinn, close to the Tallinn Passenger Port. Turning a former industrial building that used to be a part of the Estonian Cable industrial complex into a contemporary business centre was the first large development project for Pro Kapital in Estonia.
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Boutique residential building in restored historical warehouse, Vecpilsētas 8A
Residential building
A traditional 17th century 7 storey building, a former warehouse located in Riga Old Town during restoration was converted into a luxurious residential building with a restaurant on the ground floor.
The building features interesting design solutions used to combine historical values with modern requirements, like creative planning of apartments and inside skylight which allows for intriguing lighting solutions. Completed in 2001.
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Residential buildings and hotel, P.Brieža 11/13, restoration of historical monument
Residential building and hotel
Two historical buildings on Pulkveža Brieža street 11/13 are reconstructed into an apartment complex that is connected to the hotel building of 88 rooms located in the courtyard.
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Residential building, former residence of Russian Csar Peter the Great, Palasta street 9
Residential building
The 4 storey building has a very prestigious location in Riga Old Town next to the Daugava River. Building dates back to 1608 and served as a residence for Russian Czar Peter the Great while he was visiting Riga.
After restoration of this historical and architectural monument the building was transformed into luxurious apartment building with offices and commercial space on the first floor. Completed in 2000.
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Residential building on the river Daugava, Kuģu street 26
Residential building
A former five storey office building standing right on the riverside of the Daugava and facing the iconic Riga Old Town panorama was transformed into the modern apartment building with 100 apartments. The apartments have 2 to 6 rooms and are equipped with exclusive glass constructions and open-aired terraces. Completed in 2006.
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Residential building on Stabu 19, Art Nouveau historical monument
Residential building
This imposing building in the Art Nouveau style is located in the centre of Riga and is one of the most outstanding works of the Latvian architect Jānis Alksnis. The seven storey building dates back to 1908 and is architecturally and functionally perfect for apartments and offices. During restoration works two level parking lot was constructed under the building. Completed in 1999.
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Shopping center Domina Shopping
Shopping centre
Domina Shopping is one of Riga’s largest shopping centres with the retail floor space of about 50,000 m2. The project has been developed in several stages in the period of 2002-2006. Now Domina Shopping comprises more than 150 stores as well as restaurants, cafes, beauty care centre, fitness studio. Sold to investors in 2007.
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PK Riga Hotel (former Domina Inn Riga Hotel)
Hotel complex
PK Riga Hotel presents historical beauty through contemporary elegance. Conveniently located in the quiet centre of Riga in the Art Nouveau neighbourhood, the 88 rooms hotel is within a very short walking distance from the Old Town.
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Domina Plaza Luxury Apartments
Luxury apartments
“Domina Plaza Luxury Apartments” are located in the prestigious Didžioji Street and are well-known for 24 highest quality apartments. The street is one of the capital’s most important pedestrian and business street.
The originally two storey renaissance building, that dates back to 16th century, has changed its appearance from a salt warehouse to a brewery. The building which for long time had been empty, was renovated for stores, offices and apartments.