TALLINNA KAUBAMAJA

ANNOUNCEMENT



PURCHASE OF LAND



On 22/12/2000 Tartu city government announced a bidding on for two 

estates in Tartu, Vanemuise St. 2 and Riia St. 1. In accordance with  

Tartu city government’s decree of 28/12/2000 the estate at Vanemuise 

2 was sold to Tallinna Kaubamaja Kinnisvara AS, and estate at Riia 1 

was sold to Ahtri Varahalduse OÜ. 



On 4/1/2001 Tallinna Kaubamaja Kinnisvara AS and Ahtri Varahalduse OÜ 

made a preliminary agreement for sale of estate at Riia St. 1, Tartu. 

In accordance with the agreements the sales contract is to be 

undersigned on 17/1/2001 in Tartu.



The company intends to build a new and modern department store with 

a parking house to estate at Riia St. 1 / Vanemuise St. 2. The 

department store is scheduled to be completed in fall 2002.





Urmo Vallner

Management Board member

+372 64 00 200