Nordic
Real Estate
Forum 2025

MaRCH 20, 2025
TALLINN CREATIVE HUB, ESTONIA
KURSI 3, tallinn
VIDEO RECORDING     
Programme

Watch promo video

Join us in Tallinn and be part of the discussion on
how to shape the Future of Real Estate in the region.

Main Topic of the Nordic Real Estate Forum 2025 – New Normal in Real Estate.

The goal of the Nordic Real Estate Forum is to become the leading real estate forum in the Nordic and Baltic countries.

You have a possibility to listen to the TOP Keynote Speakers and take part of the discussion panels. Due to the challenging times, we have decided to organize a hybrid conference. This means
that the forum will also be broadcasted online for those not able to travel to Tallinn.

For 22 years we have held the largest and the oldest real estate conference in Baltics. During this time, more than 9000 participants and 800 speakers from over 20 countries have been hosted.

This year, you can expect decision-makers and business leaders from Europe, Nordics, Baltics.

Venue

The Creative Hub is one of the most unique creative and event spaces in Northern Europe. The industrial interior of the complex has inspired legendary film-maker Andrei Tarkovski, wowed German Chancellor Angela Merkel, and enchanted hundreds of other prominent figures. Approximately 300 events take place at the Creative Hub every year which are attended by 200 000+ people. The Creative Hub located in Tallinn City Center.

Read more about The Creative Hub kultuurikatel.ee

Visit also Tallinn City Tourist Office & Convention Bureau homepage

View venue location on Google Maps

Speakers in 2025

Göran Råckle

Head of Group Real Estate Analysis, Swedbank AB

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Göran Råckle

Head of Group Real Estate Analysis, Swedbank AB
Göran Råckle (Lic. Tech., MSc, MRICS) has since 1995 been heading the Group Real Estate Analysis team at Swedbank (GREA) with 26 FTE´s. Prior to that Göran Råckle worked as a teacher and scientist at the Royal Institute of Technology in Stockholm for seven years. GREA analyses the different segments of the commercial real estate market in Sweden, performs valuation reports regarding larger commercial properties, reviews of external valuation reports, and assists all categories of decision makers from local branches to the board of Swedbank with needed material for the credit and reporting process. GREA is also responsible for the education and training of the around 200 internal appraisers within Swedbank as well as real estate analysts in the Baltic States and the Nordics.

Petra Scharin

CEO of Newsec

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Petra Scharin

CEO of Newsec

Johannes Tralla

Television journalist

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Johannes Tralla

Television journalist
Johannes Tralla (born June 3, 1985) is an Estonian journalist and TV host. From 2012 to 2018, he served as ERR’s Brussels correspondent. Upon returning to Estonia in 2018, Tralla started hosting the current affairs program "Esimene stuudio" and the foreign news program "Välisilm" on ETV. He also anchors news for "Aktuaalne kaamera" and, since April 2023, has hosted the economic affairs program "Mis värvi on majandus?" In addition to his broadcasting roles, Johannes frequently moderates international conferences focused on economy and innovation.

Andres Sevtsuk

Associate Professor of Urban Science and Planning, Massachusetts Institute of Technology (MIT), United States

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Andres Sevtsuk

Associate Professor of Urban Science and Planning, Massachusetts Institute of Technology (MIT), United States

Aare Tammemäe

Partner of Redgate Capital AS

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Aare Tammemäe

Partner of Redgate Capital AS
Aare has extensive banking, real-estate and finance background from various TOP Estonian and Nordic companies. Aare started his professional career in 1992 working for a Scandinavian based management consulting company SIAR-Bossard. After his MBA studies in Bentley Graduate School of Business in the US, he continued his career as a Head of Sales and Trading in Talinvest Suprema Securities (bought by Evli Bank). In 1998 he took a responsibility as a Chairman of the Board in the State Compensation Fund where he managed to execute successful exit strategy of the fund.  In 2001 Aare continued his career in industrial sector becoming a CFO in large state-owned company Port of Tallinn. Aare was then recruited by Nordea Bank Finland to become a Head of Corporate Banking and Member of the Management Board in Estonia. After strong performance in banking, Aare joined one of the largest real-estate companies in the Baltics Arco Vara, where he served as a CFO and CEO during 2007 – 2008, before accepting a new challenge in Redgate Capital, as a partner. Aare is responsible for leading Redgate’s wealth management operations.

Kristjan Tamla

Managing Director of EfTEN Capital

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Kristjan Tamla

Managing Director of EfTEN Capital
Kristjan Tamla is a Managing Director of EfTEN Capital – the largest real estate fund manager in the Baltics. Kristjan has 25 years of professional experience in financial markets, banking and economics. Prior joining EfTEN in 2021, Kristjan held for 15 years various positions at Swedbank, including 7 years as a CEO of the Swedbank Investment Funds and 2 years as a portfolio manager at Swedbank Stockholm office. Kristjan has also worked as an economist at the Central Bank of Estonia and as an intern at the European Commission Directorate for Economics and Finance. Kristjan has an MSc degree in Economics (with distinction) from the University of Exeter (UK).

Madis Raidma

CEO of East Capital Real Estate


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Madis Raidma

CEO of East Capital Real Estate


Roberto de Silvestri

Board Member and Investor Relations Manager, Colonna Capital

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Roberto de Silvestri

Board Member and Investor Relations Manager, Colonna Capital

Professional background and work experience

Board ember and portfolio manager
CGM Monaco / as of 2017

Member of Supervisory Board and Audit Committee
AS Inbank / as of 2015

Board member and investor relations manager
Colonna Group / as of 2011

Board member and portfolio manager
G&G Prvate Finance SAM / 2009-2017

Real estate professional in Estonia
Management of development and investment projects / as of 2006

Board member and portfolio manager
Finavest Monaco SAM / 2005-2009

Junior client relationship manager
Finter Bank Zurich / 2003-2005

Neringa Rastenytė

Head of Capital Markets, Newsec Advisory in the Baltics


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Neringa Rastenytė

Head of Capital Markets, Newsec Advisory in the Baltics


Siim Rosenthal

Portfolio Manager, Real Estate, Titanium Oy

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Siim Rosenthal

Portfolio Manager, Real Estate, Titanium Oy

Work

6/2020- Current  

Portfolio Manager, Real Estate – Titanium Oyj

Mainly working with Special Mutual Fund Titanium Baltic Real Estate

6/2013-5/2020

Centre Manager – Citycon Oyj

Centre Manager for Iso Omena (one of the biggest shopping centres in Finland) from 2014 to 2020


Education

  • MSc in Real Estate Investment and Finance, Aalto University
  • BBA in International Business, Tallinn University of Technology

Raivo Vare

Expert

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Raivo Vare

Expert

Madis Müller

Governor of Eesti Pank

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Madis Müller

Governor of Eesti Pank
Madis Müller leads Eesti Pank and is a member of the European Central Bank’s Governing Council, the highest decision-making body of the ECB that among other decisions sets monetary policy for the euro area.

Madis Müller became Governor of Eesti Pank in June 2019, when he took over from Ardo Hansson. The Governor’s term of office is for seven years.

Madis Müller was previously Deputy Governor of Eesti Pank, a portfolio manager for equity investments at International Finance Corporation (IFC), an advisor to the Executive Director of the Nordic-Baltic constituency at the World Bank, and an economic policy adviser to the Prime Minister and the Minister of Finance of the Republic of Estonia.

Mr Müller holds a Master’s in Finance degree from George Washington University in the USA and a bachelor’s degree in banking and finance from Estonian Business School. He is also a CFA (Chartered Financial Analyst) and FRM (Financial Risk Manager) charterholder.

Olavi Lepp

CEO of Swedbank AS

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Olavi Lepp

CEO of Swedbank AS
Olavi Lepp is the CEO of Swedbank Estonia. He has spent 27 years working in various positions on the Estonian, Baltic and Group level of Swedbank. Olavi has a bachelor’s degree in business management from the University of Tartu and he has also studied at the London Business School. He is a member of the Council of the Estonian Employers' Confederation.

Adam Tyrcha

PhD. Head of Research and Partner at Newsec

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Adam Tyrcha

PhD. Head of Research and Partner at Newsec
Adam Tyrcha is Head of Research at Newsec Sweden, and Partner at both Newsec and Stronghold. Adam has been at Newsec for 7 years, prior to which he completed his PhD at the University of Cambridge.

Tomas Kairys

Head of Baltic States at the European Bank for Reconstruction and Development (EBRD)

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Tomas Kairys

Head of Baltic States at the European Bank for Reconstruction and Development (EBRD)

Viljar Arakas

CEO of EfTEN Capital

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Viljar Arakas

CEO of EfTEN Capital
Viljar Arakas (born 1979) is a founding member and a member of the board of EfTEN Capital AS, and also a member of the board of EfTEN Kinnisvarafond AS, EfTEN Kinnisvarafond II AS, EfTEN Real Estate Fund III AS, Coop Bank and Fiscal Council of Estonia. Before putting together the team of EfTEN Capital he was the chairman of the board of Arco Vara AS. Viljar holds a master's degree in economics from Estonian Business School.

Gabrielė Gegevičiūtė

Investment Project Manager, Capitalica Asset Management

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Gabrielė Gegevičiūtė

Investment Project Manager, Capitalica Asset Management
Gabriele Gegeviciute joined Capitalica’s Investments Team in 2020 and since then successfully closed acquisitions of 6 logistics centers across the Baltics.
Gabriele has extensive experience structuring transactions in the Baltic markets. Since 2015, she has played an instrumental role in over €215 million worth of transactions in all major commercial real estate asset classes while working in different consultancy houses.
In 2022, Gabriele also started to write a monthly real estate newsletter on LinkedIn called “Water & Concrete: What’s behind?”, with ca ~700 subscribers.

Laurynas Kuzavas

CEO of SIRIN Development, UAB

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Laurynas Kuzavas

CEO of SIRIN Development, UAB
Laurynas Kuzavas is a logistic real estate investment and development professional with 20+ years of experience. He worked as a credit risk management specialist at Swedbank in Lithuania and as a finance controller at the largest asset-based transport company in Europe Girteka Group. Laurynas finished economics at Vilnius University, was an active member of various local and International Organisations. His favourite sport triathlon. It has also developed his personal character, which unfolds in measured maximalism, sharp and accurate assessment, passion for life, and professional improvement. A perfect example of this approach - current CEO position at SIRIN Development. Being in this chair for over 16 years, he is in charge of significant business growth, which led to the development of over 600,000 sqm of modern, energy-efficient, and sustainable logistics parks in all Baltic region.

Tõnu Uustalu

Investment Manager of EfTEN Capital AS

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Tõnu Uustalu

Investment Manager of EfTEN Capital AS

Ansi Arumeel

COO of Milrem Robotics

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Ansi Arumeel

COO of Milrem Robotics

Gediminas Tamašauskas

Head of Capital Markets of JSC Eika Asset Management

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Gediminas Tamašauskas

Head of Capital Markets of JSC Eika Asset Management

Martin Otsa

Investment Manager & Board Member of East Capital Real Estate AS

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Martin Otsa

Investment Manager & Board Member of East Capital Real Estate AS
15 years at East Capital / 25 years in industry
Martin Otsa is part of East Capital’s real estate team and is responsible for investment management in the Baltics and asset management in Estonia. He has more than 25 years of experience in real estate including valuation, leasing, project development, construction- and investment management. Martin holds a master’s degree in civil engineering and economics from Tallinn Technical University. He speaks Estonian, English and Russian.

Pēteris Ratas

Chief Architect, City of Riga

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Pēteris Ratas

Chief Architect, City of Riga

Laura Kairienė

Chief Architect, Vilnius City Municipality

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Laura Kairienė

Chief Architect, Vilnius City Municipality

Andro Mänd

Chief Architect, City of Tallinn

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Andro Mänd

Chief Architect, City of Tallinn

Asko Takala

M.Sc. (archit.), Presidentof Finnish Association of Architects, SAFA

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Asko Takala

M.Sc. (archit.), Presidentof Finnish Association of Architects, SAFA
Takala has been the President of the Finnish Association of Architects (SAFA) from 2023. He has also been Chair of the Association of Finnish Architects’ Offices (ATL) 2010-2013 and Chair of Archinfo, the Information Centre for Finnish Architecture 2014-2020.

Asko Takala is a partner of the Helsinki-based architecture firm Kirsti Sivén & Asko Takala Architects, founded by Kirsti Sivén 1983. The partners have received more than 50 prizes and recognitions in national and international architectural competitions. The office is considered as one of the leading firms on the various fields of housing architecture in Finland. Takala has also been jury member of several national and international architecture competitions.

Mika Sucksdorff

Partner and Board Member of Uus Maa Real Estate Group

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Mika Sucksdorff

Partner and Board Member of Uus Maa Real Estate Group

Philip Tidd

Managing Director, Principal at Gensler Munich

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Philip Tidd

Managing Director, Principal at Gensler Munich
With more than 25 years of experience in workplace consultancy, real estate advisory, design, and urban strategy, Philip has worked with many leading global organizations across mainland Europe to implement workplace programs attuned to the region’s many cultural and legislative variations. As Head of Consulting Europe, based in Gensler’s Munich office, Philip has a focus on both global and regional clients in Germany and the wider Europe region. With more than 20 years’ experience of working in Germany and across Europe, Philip has also advised numerous European public-sector organizations on how enhanced work environments can lead to improved performance. Through his conference participation, articles, and blogs, Philip regularly explores the meta-themes of how the rapidly changing nature of work impacts people, buildings, and cities. Phillip is an active member of CoreNet Global, The British Council of Offices, and the Urban Land Institute, and also serves as an Adjunct Professor of the Master of Workplace Design course at the IE School of Architecture in Madrid/London. He is an Architecture Graduate of the Royal College of Art in London.

Indrek Hääl

CEO of KRULLI Kvartal AS and Founder of Workland 

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Indrek Hääl

CEO of KRULLI Kvartal AS and Founder of Workland 
Indrek has over 20 years of experience in international real estate fund management, transactions and restructurings and has been developing Workland into a leading coworking brand operating in Baltic’s and Finland. Indrek is also leading the development of Krulli Kvartal, a new destination quarter in north Tallinn.

Arkadiusz Rudzki

Executive Vice President Leasing & Sales for Skanska Commercial Development Europe 

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Arkadiusz Rudzki

Executive Vice President Leasing & Sales for Skanska Commercial Development Europe 
Arkadiusz Rudzki took the position of Executive Vice President Leasing & Sales at Skanska’s CDE (Commercial Development Europe) unit for Central and Eastern Europe in February 2020. The subdivision of Skanska conducts office projects within the CEE region on 10 key markets in Poland, the Czech Republic, Romania and Hungary. Arkadiusz is responsible for the leasing and sales of investment products, as well as real estate portfolio management and cooperation with key corporate clients across the region.

Arkadiusz joined the company in 2012 as Head of leasing and property value management for Poland, while also acting as the Key Client Director for CEE on the company’s Management Board. In January 2016, he was appointed the Managing Director of Skanska's development business in Poland, while remaining on the board of the CEE region. During this period, the company in Poland sold 15 office buildings for around 841 million euros, leased approximately 387,000 sqm, and commissioned 18 projects with a total area of approx. 402,000 sqm.

Arkadiusz Rudzki has 20 years’ experience in the real estate market, which he gained while working for leading financial institutions, consulting companies and private equity funds related to this sector.

Juho Laurits

Director of Global Workplace Services at BOLT

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Juho Laurits

Director of Global Workplace Services at BOLT
Experienced Manager with a demonstrated history of working in the banking industry. Skilled in Risk Management, Customer Service, Banking, Sales, and Strategic Planning. Strong professional graduated from Estonian Entrepreneurship University of Applied Sciences.

Stefani Erika Papadaki

Head of ESG & Sustainability Solutions Denmark

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Stefani Erika Papadaki

Head of ESG & Sustainability Solutions Denmark
Stefani is the Head of ESG & Sustainability Solutions at CBRE Denmark and also leads the ESG Occupier Nordics efforts. With over a decade of experience in the real estate and construction industry, and a background in Civil Engineering, she has a strong understanding about ESG. Before joining CBRE, Stefani worked as a Sustainability Consultant for engineering consultancies and served as the Chief Sustainability Officer for a proptech startup. Stefani is fluent in English, Norwegian, Danish, Finnish, and Greek.

Meelis Šokman

Leading Partner and CEO of Green Formula Capital

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Meelis Šokman

Leading Partner and CEO of Green Formula Capital
Green Formula Capital is a real-estate asset manager who operates on the basis of ESG and sustainability principles. Green Formula has an active international presence in Estonia, Latvia, Lithuania, Poland and Germany. Current AUM is above 500m eur plus development portfolio around 100 000sqm. During last 3 years Green Formula achieved significant success in implementing practical approach of ESG and sustainability principles what caused increasing NOI of managed real-estate.
Before Green Formula Capital, Meelis was CEO of Eastnine Baltics, Ektornet Estonia and board member of Porto Franco. He was also in several managing positions in Swedbank business clients and risk departments.
Meelis has Economic Cybernetics degree from Tartu University. He is fluent in Estonian, English and Russian.

Kaia Eichler

Kaia Eichler, Director of Sustainability, Odevo AB

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Kaia Eichler

Kaia Eichler, Director of Sustainability, Odevo AB
Kaia Eichler is an experienced leader in sustainability, ESG, and impact-driven business strategy, currently serving as Director of Sustainability at Odevo AB, a leading international property technology company founded in Sweden that is transforming the property management industry.
 
She has a strong background in real estate and construction, having previously served as Chief Sustainability Officer at Serneke Group AB (publ), where she led the company’s sustainability strategy and transformation. With over a decade of experience in sustainability consulting, climate strategy, and corporate sustainability in Sweden, Kaia is passionate about accelerating the transition to a more sustainable built environment.
 
Odevo is formed by leading property management companies in the Nordics, Germany, UK and US and today is an 8000-employee company. Over the last 4 years Odevo’s revenues have grown 30-fold to become a leading international player, managing more than 1.5 million homes. The companies within Odevo are KWPMC, Spectrum AM, William Douglas, Rendall & Rittner, Premier Estates, Trinity Property Management Group, The Vegner Group, Pinnacle Property Management, MTR & STIO, Nabo and SBC.

Amanda Thynell

Chief Sustainability Officer of Catena AB

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Amanda Thynell

Chief Sustainability Officer of Catena AB
Catena AB
August 2022 – Present
·       Leading sustainability initiatives and strategies.
·       Overseeing environmental management and compliance.
 
Sustainability Controller
Catena AB
June 2021 – August 2022
·       Managed sustainability reporting and analysis.
·       Developed and implemented sustainability policies.
 
We are focusing on several key sustainability issues, particularly in the areas of energy efficiency and stakeholder engagement.

Energy Efficiency
One of the major initiatives is the #HUSFÖRHUS campaign, which aims to reduce energy consumption through collaboration and knowledge sharing. This campaign involves:
·       Adjusting heating systems to optimize energy use.
·       Reviewing and improving ventilation to reduce unnecessary energy consumption, especially during non-operational hours.
·       Utilizing surplus heat from refrigeration and freezing systems.
·       Implementing energy-efficient lighting solutions1.
Other participants in the network are Castellum, Annehem, Corem, Revelop and Sveafastigheter - and more.

Stakeholder Engagement
Catena also places a strong emphasis on engaging with stakeholders to develop long-term value. This includes:
·       Collaborating with tenants to implement energy-saving measures and sustainable practices.
·       Participating in partnerships and networks to exchange knowledge and drive progress in sustainability.
·       Engaging with municipal leaders and other partners to support the development of more sustainable logistics solutions34.
By focusing on these areas, Amanda and Catena are working towards creating a more sustainable and efficient property portfolio while fostering positive relationships with stakeholders to drive continuous improvement.

Katri Link

Head of Brand, Communications and Sustainability Division, Swedbank Estonia

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Katri Link

Head of Brand, Communications and Sustainability Division, Swedbank Estonia
Katri Link heads the Swedbank Estonia Brand, Communications and Sustainability Division since January 2025, leading a professional team responsible for the bank’s ESG strategy, internal and external communications, corporate branding and financial literacy programme. Prior to joining Swedbank, Katri was Group Head of Communications and ESG at one of the largest shipping companies in the Baltic Sea regioon, Tallink Grupp. Between 2005-2016 Katri lived and worked in the United Kingdom, working in public relations, marketing and ESG roles in the UK travel, nuclear energy, and insurance and investment businesses.

Håkan Pehrsson

CEO of The Retail Headquarters AB

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Håkan Pehrsson

CEO of The Retail Headquarters AB
Håkan Pehrsson, has more than 25 years of experience within, retail, real estate and shopping centre development, including more than 15 years of international experience, with more than 20 years in various leading positions responsible for teams up to 120 professionals. Håkan is CEO and founder at The Retail Headquarters, a boutique advisory company within asset management, development, leasing and investment advisory.  He has worked as CEO at Centrumutveckling, Deputy General Director for IKEA Shopping Centres Russia & CIS. In the board of directors for JLL and lead director for Asset Management and Retail at JLL Nordics.

Jūratė Gaspariūnienė

Head of Asset Management of Baltic Horizon Fund

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Jūratė Gaspariūnienė

Head of Asset Management of Baltic Horizon Fund
Jūratė Gaspariūnienė is Head of Asset Management of Baltic Horizon Fund and a member of the Management Board for Northern Horizon Capital AS. Her focus is on managing and enhancing the strategic value of the Fund’s asset portfolio. Jūratė has more than 10 years of experience in managing shopping centers in Lithuania and she has specialist knowledge of the Baltic real estate market. Jūratė has solid experience in managing shopping center expansions and refurbishment projects. Jūratė holds a bachelor’s degree in business, management, marketing, and related support services.

Iveta Priedīte

Managing Director and Board Member of Shopping Centers Spice and Spice Home, Board Member of Elemental Business Center

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Iveta Priedīte

Managing Director and Board Member of Shopping Centers Spice and Spice Home, Board Member of Elemental Business Center
Iveta Priedīte has over 25 years of management experience in retail and real estate. She is passionate about learning how people behave and how and why they shop and implementing this knowledge in managed properties. Iveta holds an Executive Master of Business Administration degree (EMBA) from Riga Business School and is a Certified Shopping Centre Manager acknowledged by the International Council of Shopping Centers. She actively follows the latest retail and real estate trends, implementing innovative strategies and solutions to enhance the growth and competitiveness of the managed centers.

Erkki Torn

CEO, Chairman of the Management Board of MyFitness Group

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Erkki Torn

CEO, Chairman of the Management Board of MyFitness Group
Erkki Torn – CEO, Chairman of the Management Board (from the beginning, since 2008)
Tennis background
 
Education:
Bachelor degree: Idaho State University, 2001
MBA: Wagner College (New York), 2003 – also worked as graduate assistant
 
Work:
Cigna Investment Management (New York, NY)
Askembla Asset Management (Private Equity Fund), Partner, 2004 - 2009
 
Member of REX Internationl Rountable since 2014 (fitness focused)
 
About MyFitness Group:
# of clubs: 76 clubs in the Baltics + 15 openings during 2025
Over 225 000 Members
Countries of operations: Estonia, Latvia and Lithuania
Concepts: MyFitness, Gym! and Gym+
Area of operations: over 130 000 m²
# of Members: over 225 000 Members
Revenue (2024): EUR 60 mio.

Olga Kozina

Zenith Family Office's Transaction Manager

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Olga Kozina

Zenith Family Office's Transaction Manager

Nicklas Lindberg 

CEO at Echo Investment

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Nicklas Lindberg 

CEO at Echo Investment
Echo Investment is the largest real estate developer in Poland, operating in the residential, commercial, and retail sectors. Listed on the Warsaw Stock Exchange since 1996, the company has completed over 200 projects in major Polish cities. Echo Investment focuses on sustainable development and creating modern urban spaces. The management team includes CEO Nicklas Lindberg, CFO Maciej Drozd, and Vice President Artur Langner.

Agnieszka Pytlas

Managing Partner, Co-Head of Corporate/M&A of Penteris

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Agnieszka Pytlas

Managing Partner, Co-Head of Corporate/M&A of Penteris
Penteris Managing Partner Agnieszka Pytlas excels in overseeing projects from inception to completion with a holistic perspective, working seamlessly alongside financial departments, HR teams, and business strategists. Recently, Agnieszka spearheaded an advisory team for Estonian Summus Capital on two significant real estate acquisitions in Poland, with a combined value exceeding EUR 100 million. Significantly, she successfully supported Austrian-based IMMOFINANZ in its high-value EUR 342-million acquisition of a cross-border retail portfolio spanning Czechia, Poland, Slovakia, and Hungary—an undertaking that demanded precise international coordination across multiple European law firms. She is internationally recognised by both the Legal 500 (in Commercial, Corporate and M&A; Employment) and IFLR 1000 (in Real Estate; Financial & Corporate).

Paulius Nevinskas

CEO of Tewox Investment Company

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Paulius Nevinskas

CEO of Tewox Investment Company

  • Finished Concordia University in Tallinn;
  • Worked for the pan-Baltic investment banking firm Gild Bankers;
  • 2011-2015 lived and worked in Poland, as a business development manager and supervisory board member for the grocery network Sano, which was among the first investments by the Maxima Group owners in Poland. Investments in commercial real estate in Poland.
  • 2017-2022 worked as head of business development at SBA Group, leading furniture production group in Lithuania;
  • 2023-2024 worked as CEO of NordSpace, innovative small business units office space development company in Lithuania, Latvia and Poland;
  • 2024-> CEO of Tewox Investment Company.

Kestutis Sasnauskas

CEO of Eastnine AB

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Kestutis Sasnauskas

CEO of Eastnine AB
Kestutis has more than 25 years of experience from building companies and investing in real estate. Eastnine is a listed Swedish real estate company focused on prime office properties in prime locations in Poland and the Baltics. Eastnine’s vision is to create and provide the best venues where ideas can flow, people meet, and successful business operations develop. Recent investments include the office properties Nowy Rynek E in Poznan for EUR 79m and Warsaw Unit in Warsaw for EUR 280m.

Peep-Ain Saar

Member of the Board of Arco Vara and Member of the Board of Estonian Chamber of Real Estate Brokers

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Peep-Ain Saar

Member of the Board of Arco Vara and Member of the Board of Estonian Chamber of Real Estate Brokers
Peep Saar has a diverse background in leadership and entrepreneurship. He has planted churches, been a pastor, led start-up teams, and served as CEO of established companies. He holds degrees in IT, Entrepreneurship & Technology Management, and Theology.
Since 2019, he has been one of the partners and board members of Arco Vara Real Estate Agency. As a Senior Certified Real Estate Broker, he is daily in the trenches of the Estonian real estate market. His dynamic approach to real estate, coupled with his ability to connect with diverse audiences, makes him a sought-after speaker and leader in the field.Fun fact: Peep has performed 1,200+ wedding ceremonies. He is married and has three teenage children.

Michael Björklund

Business Unit President, Bonava Baltics and Sweden

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Michael Björklund

Business Unit President, Bonava Baltics and Sweden
Michael Björklund has 25 years of management experience from broad spectrum of international services within residential development, retail, office, logistics as well as construction, retail, procurement, asset and property management. He has had leading roles in large international real estate organisations of Bonava, NCC, Kingfisher, IKEA, Skanska. He is a member of Executive Management Team at stock listed company Bonava.
Education: Master of Science (MSc) in Engineering, Royal Institute of Technology Stockholm and Master of Science in Economics, Stockholm University.

Indrek Tarto

Board Member of Merko Kodud, Head of Merko’s real estate development in Estonia

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Indrek Tarto

Board Member of Merko Kodud, Head of Merko’s real estate development in Estonia

Andrius Anusauskas

CEO of INREAL Group

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Andrius Anusauskas

CEO of INREAL Group
Andrius Anusauskas, CFA has been the CEO of INREAL Group since 2022.
Before taking on this role, he worked as the group CFO. INREAL develops residential and commercial projects and provides wide range of real estate services in Lithuania since 1994.

Artūrs Obrickis

Owner & Managing Partner of DoReMi Group

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Artūrs Obrickis

Owner & Managing Partner of DoReMi Group

Kristi Hakkaja

Co-Founder & CEO of Moderan

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Kristi Hakkaja

Co-Founder & CEO of Moderan
Kristi is the founder of Moderan, a leading software platform for real estate lease portfolio and utilities management, and reporting. She’s is an active member of European PropTech community and has supported real estate companies in their journey to digitalization for more than a decade. Working closely with property owners and managers across Europe and beyond, she has become the trusted expert and partner for both real estate and proptech companies.
 
Moderan is the go-to property management solution for commercial real estate owners, specializing in automating lease and utility management, and portfolio reporting, including CO2 calculations for ESG reporting. Moderan’s cutting-edge solutions help optimize property management processes and portfolio performance. Moderan software is used to manage over €6 billion worth of assets in the Baltics and beyond.
Read more at https://moderansolutions.com/

Glebs Kiselovs

CEO of Echoo Group & BISS

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Glebs Kiselovs

CEO of Echoo Group & BISS

Innovative entrepreneur scaling 3 ventures: Echoo Group (building automation, aiming to lead Europe by 2030), BISS (parking automation in Europe & Middle East), and FLOMO (SaaS for parking operations). Driven by innovation, technology & ambition to build a unicorn.

Merle Purre

Head of ESG at EfTEN Capital AS

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Merle Purre

Head of ESG at EfTEN Capital AS

Marko Siller

Founder and Partner of Sustinere

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Marko Siller

Founder and Partner of Sustinere
In 2010 Marko was one of the first to permanently work with advancing ESG and sustainability in Estonian business community. Since 2016 he is a founder and leader of the first Baltic-wide ESG and sustainability agency Sustinere. Marko has supported various listed, state-owned, and leading private companies in Estonia, Latvia and Lithuania in shaping strategic view to ESG and sustainability management in more than 10 recent years. He has led a number of workshops, management discussions and team-events for developing sustainability plans.
 
Previously has worked with ESG advisory in a large auditing and business consulting firm and as a CEO of Responsible Business Forum in Estonia, spoken at events, delivered trainings for managers of hundreds of companies, and partnered with public sector in supporting business community.

Markus Porvari

President and CEO of HyperIn Inc.

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Markus Porvari

President and CEO of HyperIn Inc.

Ardi Roosimaa

Member of the Board, EKFL Association of the Real Estate Companies

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Ardi Roosimaa

Member of the Board, EKFL Association of the Real Estate Companies

Ardi is a Founding Partner and Member of the Supervisory Board of Real Estate development and advisory firm RESTATE.He has been International Real Estate and Capital Advisory executive for more than 20 years. Founder and long time moderator of Roundtable inside EKFL (Association of Estonian Real Estate Firms), member of the Board of EKFL. targeted to improve the real estate business environment and quality of property advisory in Estonia.Ardi is Co-Founder of PropTech AI start-up Moowle. As a PropTech and Innovation enthusiast, experienced Moderator and Inspirational speaker, he has been on the stages around the world including MIPIM, EXPOREAL, Nordic Real Estate Forum, BREIF, FIABCI World Congress, GRI etc.He has been part of organising team for annual PropTech events and a firm believer in implementation of Technology and Digitalisation in Broader Real Estate business. Past Member of the Board and Past President of the FIABCI Baltic Chapter.

Kaie Kass Agcay

Member of the Board of Estonian Chamber of Real Estate Agents


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Kaie Kass Agcay

Member of the Board of Estonian Chamber of Real Estate Agents


Kaarel Sahk

Member of the Board, Estonian Association of Appraisers

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Kaarel Sahk

Member of the Board, Estonian Association of Appraisers

Andres Torm

Moderator of the NREF 2025

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Andres Torm

Moderator of the NREF 2025

2025 program
Parallel Sessions can be found at the end of the program

The Live Broadcast can only be watched from the event in the main room and is not available from the Parallel Sessions event

General Topic of the NREF 2025: New Normal in Real Estate

Moderator:Andres Torm
8:30-9:25Registration, morning coffee
9:30-9:45Welcome Words of the Organisers
Ardi Roosimaa, Member of the Board, Association of Real Estate Companies of Estonia
Kaie Kass Agcay, Member of the Board of Estonian Chamber of Real Estate Agents
Kaarel Sahk, Member of the Board, Estonian Association of Appraisers
9:45-10:15Real Estate Market in the Nordics – Main Trends & Developments
Göran Råckle, Head of Group Real Estate Analysis, Swedbank AB
Presentation
10:15-10:45Petra Scharin, CEO of Newsec interviewed by Johannes Tralla, television journalist
You will get answers to the most actual and burning questions about the current situation and future of the real estate market in Sweden and the Nordic countries!
10:45-11:15Sustainable City Development in the Era of Climate Change
Andres Sevtsuk, Associate Professor of Urban Science and Planning, Massachusetts Institute of Technology (MIT), United States
Presentation
11:15-12:00Real Estate Investment Panel:
New Nordics Real Estate Investment Market = Buyer’s Market, for How Long?
Head of the panel:
Aare Tammemäe, Partner of Redgate Capital AS
Panel participants:
Madis Raidma, CEO of East Capital Real Estate
Neringa Rastenytė, Head of Capital Markets of Newsec Advisory in the Baltics
Roberto de Silvestri, Board Member and Investor Relations Manager of Colonna Group
Kristjan Tamla, Managing Director of EfTEN Capital
Siim Rosenthal, Portfolio Manager, Real Estate, Titanium Oy
12:00-13:00Lunch
13:00-13:45Macroeconomics Panel:
Baltics as an Extension of Nordic Markets
Head of the panel: 
Raivo Vare, Expert
Panel participants:
Madis Müller, Governor of Eesti Pank
Olavi Lepp, CEO of Swedbank AS
Viljar Arakas, CEO of EfTEN Capital
Adam Tyrcha, PhD. Head of Research and Partner at Newsec
Tomas Kairys, Head of Baltic States at the European Bank for Reconstruction and Development (EBRD)
13:45-14:15Logistics Real Estate Panel:
Loud in the Quiet Market: 2024 Recap & Outlook and Visions for 2025
Head of the panel:
Gabrielė Gegevičiūtė, Investment Project Manager of Capitalica Asset Management
Panel participants:
Martin Otsa, Investment Manager & Board Member of East Capital Real Estate AS
Laurynas Kuzavas, CEO of SIRIN Development, UAB
Tõnu Uustalu, Investment Manager of EfTEN Capital AS
Ansi Arumeel, COO of Milrem Robotics
Gediminas Tamašauskas, Head of Capital Markets of JSC Eika Asset Management
14:15-15:00Urban Planning Development Panel:
Future & Visions of Urban Development in Baltics and Nordics
Head of the panel:
Andres Sevtsuk, Associate Professor of Urban Science and Planning, Massachusetts Institute of Technology (MIT), United States
Panel participants:
Pēteris Ratas, Chief Architect, City of Riga
Laura Kairienė, Chief Architect, Vilnius City Municipality
Andro Mänd, Chief Architect, City of Tallinn
Asko Takala, M.Sc. (archit.), President of Finnish Association of Architects, SAFA
15:00-15:30Coffee break
15:30-16:00Commercial and Development Real Estate Panel:
Future Trends and Customer Experience in Workspaces
Head of the panel: 
Mika Sucksdorff, Partner and Board Member of Uus Maa Real Estate Group
Panel participants:
Philip Tidd, Managing Director, Principal at Gensler Munich
Indrek Hääl, CEO of KRULLI Kvartal AS and Founder of Workland
Arkadiusz Rudzki, Executive Vice President Leasing & Sales for Skanska Commercial Development Europe
Juho Laurits, Director of Global Workplace Services at BOLT
16.00-16.30ESG Real Estate Panel:
Is ESG Here to Stay or Is It Just a Trend?
Head of the panel:
Stefani Erika Papadaki, Head of ESG & Sustainability Solutions Denmark CBRE A/S
Panel participants:
Katri Link, Head of Brand, Communications and Sustainability Division of Swedbank Estonia
Kaia Eichler, Director of Sustainability, Odevo AB
Amanda Thynell, Chief Sustainability Officer of Catena AB
Meelis Šokman, Leading Partner and CEO of Green Formula Capital
16.30-17:00Retail Real Estate Panel:
Retail Real Estate at a Crossroads in a Changing World: What is the New Reality? 
Head of the panel:
Håkan Pehrsson, CEO of The Retail Headquarters AB
Panel participants:
Jūratė Gaspariūnienė, Head of Asset Management of Baltic Horizon Fund
Iveta Priedīte, Board Member / Managing Director of Spice & Spice Home
Erkki Torn, CEO, Chairman of the Management Board of MyFitness Group
  17.00-17.30Closing remarks
  18.00-23.00 Reception, DJ, cocktail & wine and socializing at Tallinn Creative Hub

PARALLEL SESSIONS
STALKER HALL at Tallinn Creative Hub
Live Broadcast not available from the Parallel Sessions event

Host of the Parallel Sessions is
Kaie Kass Agcay, Member of the Board of Uus Maa Real Estate Group and Estonian Chamber of Real Estate Agents

13.00–13.45Poland Real Estate Market Discussion Panel:
How to Enter to the Polish Real Estate Market and How to Do Real Estate Business in Poland
Head of panel:
Olga Kozina, Zenith Family Office's Transaction Manager (Zenith Family Office is the strategic asset and investment management partner of Summus Capital)
Panel participants:
Nicklas Lindberg, CEO at Echo Investment 
Agnieszka Pytlas,  Managing Partner, Co-Head of Corporate/M&A of Penteris
Paulius Nevinskas, CEO of Tewox Investment Company
Kestutis Sasnauskas, CEO of Eastnine AB
13.45-14.30 Residential Real Estate Discussion Panel:
Differences and Similarities in the Baltic and Nordic Residential Real Estate Markets: Buy, Hold or Sell – What is the Best Strategy?
Head of panel:
Peep-Ain Saar, Member of the Board of Arco Vara and Member of the Board of Estonian Chamber of Real Estate Brokers
Panel participants:
Michael Björklund, Business Unit President, Bonava Baltics and Sweden
Indrek Tarto, Board Member of Merko Kodud, Head of Merko’s real estate development in Estonia
Andrius Anusauskas, CEO of INREAL Group 
Artūrs Obrickis, Owner & Managing Partner of DoReMi Group
14.30-15.00PropTech Discussion Panel:
How PropTech Powers Sustainability in Real Estate
Head of panel:
Kristi Hakkaja, Co-Founder & CEO of Moderan
Panel participants:
Merle Purre, Head of ESG at EfTEN Capital AS
Glebs Kiselovs, CEO of Echoo Group & BISS
Marko Siller, Founder and Partner of Sustinere
Markus Porvari, President and CEO of HyperIn Inc.
Full program

*The organisers reserve the right to make changes to the programme.
*The working language of Nordic Real Estate Forum is English.

On-site tickets

Fee includes: one-day programme, networking, forum materials, lunch and coffee breaks, evening coctail.

Online tickets

If you register via the online tickets form, we will send you a password before the forum. Then you are able to watch live broadcast of the NREF 2025

Registration

Corpore Conferences will issue an invoice after registration via e-mail!
* Marked fields are required.

Email again:
GDPR Agreement*
I consent to have my submitted information stored and processed by the event organizers. Inter alia, we ask your permission to share your email address with other participants. The secretariat of NREF uses the submitted registration data to manage the network of attendees, to inform them about running updates both before and after the event as well as for distributing the after event assets. I agree to publish my name in the event´s speaker folder. We store the submitted information in an application database and forward it to the organizers of the event.
Cancellation is possible until February 23, 2025 (included), receiving full reimbursement of sum paid. To do so, please write to info@nordicreforum.com
If participation in the forum is canceled after February 23, 2025 the participation fee will not be refunded.

Accommodation

Tallink Spa & Conference Hotel

Sadama 11a, Tallinn

At Tallink Spa & Conference Hotel, your relaxation is our priority. Settle into the quiet comfort of our rooms, designed to ensure a peaceful and rejuvenating sleep. In our spa, a symphony of massages, body, and beauty treatments awaits to revive your spirit. Our water centre invites you to immerse yourself in various saunas, pools, and jacuzzis.
At Restaurant Nero, we take pride in offering a menu that is as diverse as the international palate, with dishes that capture the authentic essence of global cuisines.
Located adjacent to the enchanting Old Town, Tallink Spa & Conference Hotel is a gateway to leisurely strolls along cobblestone paths and through historic splendour.
We are honoured to hold the Green Key eco-label, reflecting our dedication to environmental stewardship and mindful luxury. Discover more about our eco-friendly practices and how guests can contribute from Tallink Hotels webpage.

The promo code THBUSINESS is valid for use from March 18th to 23rd, 2025.
Room reservations are subject to availability, and the number of rooms is limited.
The price includes accommodation, breakfast, Aqua Spa access (during opening hours), Wi-Fi, and VAT.
Payment method: The guest can pay individually at the hotel – either by credit card or cash.

BOOKINGS:

Through the hotel website:
https://booking.tallinkhotels.com/
Hotel: Tallink Spa & Conference Hotel
Please enter the discount code THBUSINESS in the "Campaign Code" field.

Call Center (working hours: Mon-Fri 9:00 AM - 6:00 PM):
Tel: +372 630 0808
Email: tallinkhotels@tallink.ee
To receive the discount, please mention the event promotional code THBUSINESS.

Kalev Spa Hotel & Water Park

Aia 18, Tallinn

Kalev Spa 4-star spa hotel combines the comfort of long-standing tradition with cutting-edge innovation offering total relaxation. We’re situated in Estonia’s most-visited attraction: the UNESCO world heritage-listed Old Town in Tallinn. On one side we’re bordered by history – the medieval streets and buildings of ancient Reval, as Tallinn was once known – and on the other by the greenery of the child-friendly Kanuti Park, with its well-tended hedges and decorative fountain. This unbeatable location and the wide range of services we offer make Kalev Spa the ideal place for couples, families and business travellers alike to unwind, be it for a few hours or a few days.

Price for conference participants

Standard single room 
89 EUR /night
Standard double room 
109 EUR /night
Superior single room 
99 EUR /night
Superior double room 
129 EUR /night

Room rate includes: accommodation, breakfast in restaurant Allee, unlimited use of water park and gym on opening hours. Use of bathrobe, Wi-Fi and VAT.

Please book here: booking
The price is valid: 18.03- 23.03.2025
Promo code: NREF2025


Nordic Hotel Forum


Viru väljak 3, Tallinn

Nordic Hotel Forum, a 4 star superior hotel in the prime location in Tallinn has recently completed a full renovation to the entire hotel. The hotel offers spacious and elegant hotel rooms and a Leisure Centre on the 8th floor with magnificent views over the historic Old Town of Tallinn.

Standard single/double room 
104 EUR/night
Superior single/double room 
119 EUR/night
Deluxe single/double room 
154 EUR /night

The price includes buffet breakfast, free WiFi and use of hotel’s leisure centre on the top floor with fully equipped gym, indoor pool and saunas.

The price is valid: 18.–23.03.25
Booking:
https://bit.ly/NREF2025
Insert date to see NREF2025 prices!

Radisson Collection Hotel Tallinn

Rävala pst 3

Radisson Collection is located next to business, shopping and entertainment areas. Tallinn Airport and City Harbour are just a 10-minute drive from the hotel.
Popular attractions like Creative Hub are only 20 minutes from the hotel, this lovely walk will take you past Tallinn’s Medieval Old Town with many unique historical buildings and narrow alleyways.
Radisson Collection rooms offer EXCEPTIONAL amenities with spectacular views to the vibrant city and beautiful Old Town. Collection Superior and higher category rooms offer complimentary access to the gym and elegant relaxation area. Enjoy free Broadband (including wireless), that is accessible to all our guests throughout the hotel.

Hotel has 2 amazing restaurants:
ISSEI – a roof top Restaurant with an open-air terrace, stunning views to Tallinn Medieval Old Town and vibrant city, offers Japanese and Peruvian cuisine.
MEKK – offers modern Estonian cuisine with exceptional service by bringing traditional Estonian ingredients with a modern touch to local and international guests.

Radisson Collection Tallinn is here to create EXCEPTIONAL stays, EXCEPTIONAL events and EXCEPTIONAL memories.
We are delighted to present you hotel 3D tour (click here), that allows you to visit our wonderful hotel virtually.

PRICES & BOOKING
Single room Collection class: 
130 €/night
Twin/Dbl room Collection class: 
140 €/night
Single room Superior class: 
140 €/night
Twin/Dbl room Superior class:
150 €/night

Rate includes rich breakfast buffet, gym and spa area use, Wi-Fi and VAT.
The price is valid: 18.–23.03.2025
Use promo code: NREF2025
Booking via e-mail: 
reservations.tallinn@radissoncollection.com

CONTACT
Radisson Collection Hotel Tallinn

Rävala pst. 3, 10143 Tallinn
reservations.tallinn@radissoncollection.com
+372 682 3000
https://www.radissonhotels.com/en-us/hotels/radisson-collection-tallinn

Sponsors

Colonna
 
 



Organisers

Corpore Conferences
Estonian Association of Appraisers