•  2007 PhD thesis on using artificial neural networks in forecasting speculative attacks in currency markets
  
• Taught economics and investments in Australia, Mexico, France and other countries
  
• Ran more than 10 marathons, some of them faster than in 3 hours
  
• 2018 European masters diving vice-champion
  
• 2022 took up boxing and won his first fight in amateur competition “Fight Night”
  

Adam Tyrcha is Head of Research at Newsec, the largest property consultancy in the Nordics & Baltics. Adam has been working at Newsec for 5 years and works primarily with forecasting and analysis of different aspects of the property market. Prior to his employment at Newsec, Adam completed a PhD at the University of Cambridge, where he studied the impact of migration on property markets.

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.

Work experience

Real estate market analyst
Arco Vara Kinnisvarabüroo OÜ (2016 - ...)
Market analysis mainly for residential sector, market news media representative

Real estate appraiser
Arco Vara Kinnisvarabüroo OÜ (2016 - ...)
Real estate appraising, these days mainly focused on commercial and development properties

Forensic expert witness (2021 - ...)
Certified appraiser to carry our valuations for Estonian courts

CEO
Melistate OÜ (2014 - ...)
Real estate and financial markets investments

Melistate Advisory OÜ (2021 - ...)
Advising real estate development and planning projects

Board member
The Estonian Association of Appraisers (2020 - ...)

Education
Estonian University of Life Sciences

• Real estate planning and land management (BS, cum laude, 2012 -2015)
  
• Real estate planning and land management (MSc, cum laude, 2015 -2017)
• Rakvere Reaalgümnaasium Elementary, middle and high school (2000 - 2012

Earlier Aavo has led the design of Estonian taxation system, was part of Estonian Savings Bank top management, served as Editor in Chief of Eesti Ekspress Weekly; CEO and Pulisher of Eesti Päevaleht Newspaper Group. He has been and is Supervisory Board member of several companies from different industries.

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, and EfTEN Real Estate Fund III AS. 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.

Work experience
 
2021 - Present
Senior Transaction Advisor
NEWSEC in Baltics
 
2019 - 2021
Management Consultant
CIVITTA
 
Education
MSc in Organisational Psychiatry & Psychology, King's College London
BA in International Relations, University of Exeter

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

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

Andres Trink is the CEO of Merko Ehitus group, a leading construction and real estate company in the Baltic region, since 2012.
 
Before joining Merko he worked in the financial sector, including as a board member of Swedbank Baltic Banking. Andres has also worked at the Estonian central bank and was the founding chairman of the board of the Estonian Financial Supervision Authority. He has also worked in the investment industry and is currently a non-executive supervisory council member at Swedbank Investment Funds.

Ülo Kaasik has been the Deputy Governor of Eesti Pank since 2011. He is responsible for preparing monetary policy decisions and for economic research at Eesti Pank. He is also responsible for the financial accounting and reporting of Eesti Pank and for the information technology environment. He is a Member of both the Estonian and Latvian Fiscal Discipline Councils. He was previously head of the monetary policy and economic policy departments of Eesti Pank and an advisor on economics to the Prime Minister of the Republic of Estonia. Ülo Kaasik graduated from the Faculty of Economics and Business Administration of the University of Tartu and holds a Master’s degree in economics from Tallinn University of Technology.

Karolis Adlis joined W. P. Carey’s European Investments Team in 2015 and currently serves as Executive Director. Prior to joining the firm, he worked at Jefferies Investment Bank as an Equity Derivatives Trader and prior to that as a Market Risk Analyst. Previously he interned as a Credit Analyst and also a Quantitative Analyst at UBS Investment Bank.

Karolis has extensive experience structuring transactions in the Nordic and Central and Eastern European markets. Since joining the firm, he has played an instrumental role in over €1.2 billion in sale-leaseback, net lease and build-to-suit investments including a complex joint venture acquisition of a multi-jurisdictional mixed-asset property portfolio in Northern Europe as well as 1.1 million-square-foot mission-critical, Class A logistics facility in the UK, which was voted “Deal of the Year” by IAS.

Karolis graduated magna cum laude from the University of Bath with a B.Sc. in Business Administration. He is fluent in Lithuanian.

Tõnu has worked as Chief Economist at Swedbank for 10 years. Previously he has worked at the Bank of Estonia, Merck Sharp & Dohme (MSD) and Statistics Estonia. Tõnu has long-term experience as a guest lecturer at different universities in Estonia. He has master’s degree in economics, has passed postgraduate studies at the University of Oxford, and has upgraded himself at International Monetary Fund, York University in Toronto, Bank of England, La Banque de France, Joint Vienna Institute, etc.

 https://www.linkedin.com/in/gabriele-gegeviciute/
2015-2017 - Newsec in the Baltics – Advisory services (Capital markets department). I was the investment advisor, selling commercial real estate projects (in all asset classes) across the Baltics.
2017-2020 BPT Real estate - Advisory services. I was heading the transaction advisory business line.
2020-2023 – Capitalica Asset Management – I work purely with Capitalica Green Logistics fund as an Investment Project Manager, so I am responsible for logistics sector analysis, deal sourcing, and acquisition of properties. Since the launch of the fund in 2021, I acquired 5 buildings in 4 locations (4 buildings in Tallinn (Juri) and one in Riga (Marupe)). The total worth of transactions – ~29 MEUR (as of today), but until March it should increase to ~34 MEUR.
In 2022 April, I started to write a monthly real estate newsletter on LinkedIn called “Water&Concrete: what's behind?”. Now it has already 597 subscribers. The newsletter basically covers different topics regarding commercial real estate in the Baltics.
Link: https://www.linkedin.com/newsletters/water-concrete-what-s-behind%253F-6922478314645286913/

Vytis is a graduate of Amsterdam Business School. With almost 15 years of international business experience across various business functions and industries, Vytis now leads Newsec team specializing on logistics & industrial real estate solutions in the Baltics. Vytis’ team mission is to enable Newsec logistics and industrial real estate clients making better decisions, so that our clients prosper and achieve their long-term business goals.

Experience with the Baltics since 2015,
before from fund management of multiple RE funds in CEE.
Been CEO of Baltic Sea Properties AS since 2017.

Urmas Uudemets is the CEO of Via 3L OÜ, one of the leading third-party logistics (3PL) service providers in Estonia.

The company was founded in 2001 and has expanded since gradually to all Baltic States locating in capital cities – Tallinn, Riga, Vilnius. Group employs over 500 people and operates on over 73 000 sqm of modern warehouse facilities allowing storage and related services in ambient, chilled and frozen temperatures. International transport team covers all areas from road and air to sea and multimodal forwarding.

Before joining Via 3L Urmas worked in different logistics fields both in transportation and production logistics. Urmas has MSc in Supply Chain Management and BA in Public and Business Management.

Linda is Sustainability Manager, based in Sweden. Linda has worked with sustainability issues in the real estate industry for over 12 years. Amongst other things, she has developed and built the Sweden Green Building Council (SGBC). Linda helps tenants, property owners, investors and various projects to set and achieve ambitious and concrete sustainability goals. She has solid experience in various environmental certifications and is a frequently hired lecturer and moderator in many different forums.

Serneke is one of Sweden's largest construction groups offering comprehensive services in construction and real estate development with a clear innovative and sustainability profile. Serneke was founded in 2002 and today has revenues of around SEK 6.7 billion and around 1,200 employees.
 
Serneke is currently developing and building the tallest building in Scandinavia Karlatornet which will be Gothenburg's first skyscraper with its 245 meters and 73 floors. The construction of the tower is also the start of the new district Karlastaden.
 
Kaia Eichler has previously worked as Head of Sustainability at Business Area Buildings at Northern Europe’s largest engineering, design and advisory firm AFRY where she led the strategic work, business development and positioning in sustainability and climate neutrality aimed at the construction and real estate industry.
 
Kaia has worked in the construction and real estate industry for more than eleven years specializing within energy, environmental and environmental certification coordination with a focus on strategic advisory in the early design stages, building and facade optimization as well as innovative energy solutions. She has a Master of Science in Civil Engineering from Tallinn University of Technology.

Business professional with a proven track record of driving sales execution and P&L performance. In my previous roles in management consulting and global strategy development, I have developed business strategies, managed development projects and driven change on different organizational levels.

WORK EXPERIENCE

KONE:
Regional Director, Baltics                                      08/2021 –
Sales Director, Service Business, Finland            08/2019 – 06/2020
Strategy Development Manager, Global             06/2016 – 07/2019
IBM:
Managing Consultant, Interactive Experience   06/2015 – 05/2016
Senior Consultant, Business Strategy                  07/2013 – 05/2015
Strategy Consultant                                                 10/2020 – 06/2013

EDUCATION
Aalto University School of Business, Helsinki      2005 – 2010
B.Sc. & M.Sc. in Accounting, minor in Management

Pia Öhrling is one of Sweden’s foremost experts in Sustainability and certifications for buildings. Pia is sustainability coordinator and expert in many large real estate projects and have been responsible for a number of successful projects, like the worlds first Breeam In Use International, Swedens first BREEAM-SE, Swedens first LEED, Icelands first BREEAM In Use. Pia is also a very experienced and popular lecturer. Pia has an MSc in Building Engineering and a long background, about 40 years, in the property and construction industry and has been working in construction, design, project management and sustainability management.

Mr. Magnus Andersson is a Senior Sustainability Adviser at the Nordic Investment Bank (NIB), based in Helsinki, Finland. One of his tasks is to assess if investment projects are or can be made bankable from a sustainability perspective. Magnus joined NIB in 2007.
Magnus has been working with sustainability issues on full time for more than 30 years out of 20 years in the financial sector. He has had an active role in the development of sustainable financing, in the Nordics, EU, OECD and within the Multilateral Financial Sphere. He is frequently giving advice to commercial banks, as well as companies in NIB´s eight member countries. Previously he has had various sustainability positions in the financial, public, heavy industry and as consultancy sectors. He holds an Environmental Engineering Degree from the University of Gothenburg.

Indrek Hääl is the CEO and Founder of Workland.
 
Indrek has been in real estate business since 1999 and prior to Workland he has been responsible for building up the BPT Real Estate Group and for actively advising on and carrying out real estate investments through licensed investment funds. He has thorough knowledge of the real estate markets in the Baltics, Poland and Scandinavia.
 
He is a graduate of Tallinn University of Technology and holds real estate accreditation from RICS.

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.

Päivi Tomula is the Investment Director, Real Estate at Pontos Group, a Finnish family office committed to investing in sustainable cities. Pontos focuses on real estate and private equity investments and acts as an active, long-term owner. Tomula is responsible for Pontos' real estate portfolio, which includes assets in Finland, Estonia and Portugal. She is also responsible for the preparation and implementation of the real estate strategy, the acquisition of real estate investments and development projects.

Tomula serves at company boards of Pontos’ real estate portfolio. She is the Chairman of the Board at AVIA Real Estate Ltd. In Renor Ltd in Finland as well as AS Viru Keskus and AS Viru Hotell in Estonia she acts as a board member.

As part of the company’s active ownership, Tomula is active in an association for board members, Director’s Institute Finland. Enthusiastic about the sustainable development of the real estate industry, Tomula is also a board member at Green Building Council Finland, which is a non-profit association working towards a more environmentally sustainable, circular and low-carbon built environment.

Futhermore, she leaves her handprint in the industry by acting as an active member at the RAKLI association, association for professional property owners, real estate investors and construction clients.

Prior to Pontos, Tomula has had several positions in the real estate investment sector on public and non-public companies operating in Nordic and Baltic countries. She has a degree in law (LL.M.) from the University of Turku, Finland and a postgraduate eMBA degree in Business Administration, Real Estate and Construction from University of Tampere, Finland.

Please see LinkedIn: Päivi Tomula profile for further information.

Jekaterīna has been working in real estate industry for 20 years and joined IWG in 2011 and currently manages a portfolio of 6 countries: the Baltic countries, Iceland, Georgia and Belarus and a total GLA of over 30 000 sqm and has an ambition to double the size in the next 2 years. She co-chairs a charity organization for 12 years supporting children with gluten intolerance.

Andrius is the Co-Founder and CEO of Capitalica Asset Management, an investment management company that develops and manages commercial real estate properties in the Baltics.

Andrius gained more than 20 years of experience in the capital market, asset management, and real estate. He was previously the head of the investment bank Finasta and the Finasta Group - one of the largest investment banking, pension fund, wealth, and investment management platforms in the Baltic markets.

Andrius Barštys holds a Master's degree in Economics from Kaunas University of Technology, completed a financial technology program at Oxford University, and a management program at the London Business School.

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.

Henrica Ginström, is the Chief Operating Officer at Citycon Oyj. The real estate company is listed on Nasdaq Helsinki and owns 33 centers/urban hubs in 5 countries, in the Nordics and Baltics. Henrica Ginström has been at Citycon for over 13 years in various leadership roles. Prior to the current position, Henrica was the Commercial Director for several years. She is a Member of the Corporate Management Committee since 2019. Henrica is a Finnish citizen and lives in Stockholm with her family.

Tarmo Karotam is the Chairman of the Management Board of Northern Horizon Capital AS.
He has been a long-time member of Northern Horizon Capital investment management team and in real estate since 2006. He has been the Fund Manager of BOF (Baltic Opportunity Fund) from its beginning.

Tarmo Karotam graduated from Eçole Hôtelière de Lausanne (B.Sc. in Hospitality Management & Corporate Finance) in 2005 and is a member of RICS (MRICS).

Shopping and leisure center “PANORAMA” was established in 2008 by “KAPITEL” – one of the largest real estate development and management companies in the Baltic States. SLC “PANORAMA” is located in Vilnius, Lithuania with 190 stores and services for more than 7 million visitors a year.

Birutė Kalanovaitė joined the company in October, 2009. Before joining SLC “PANORAMA” Birutė worked nearly 14 years in retail business: from economy franchise model brands to world known fashion houses  as YSL, Bottega Veneta, Givenchy, J.P.Gaultier, Chloe, Moschino, Corneliani, Etro and others. Broad experiences working in different fields of retail business responsibilities has given invaluable knowledge to the  successful retail orientated real estate business management and development.

Markus Porvari – Technology Entrepreneur, founder of HyperIn Inc.
Mr. Porvari’s experience extends over two decades in customer relations and managing high-level business operations for major clients and enterprises in ICT industry. Currently Porvari serves as Chief Executive Officer and President of HyperIn Inc. HyperIn’s solutions are widely used to manage retail real estates in Europe and Asia with R&D centers in Finland and Hong Kong with authorized distributors in Europe, North America, Middle East and Asia. Markus is also a very experienced seminar speaker and a known person in the information technology community.