Estonian real-estate developer Neutra is planning a €45M hotel and water park complex at Tallinn’s Fahle Quarter, combining accommodation, sport and leisure facilities with the restoration of historic industrial structures.
The project will include a 3,800-square-metre water and sauna centre inside a historic Art Nouveau industrial building, writes Ehitusuudised. The centre will also welcome visitors who are not staying at the hotel, Neutra said in a release outlining the company’s development strategy.
Building permits have been issued for the project, while Neutra is negotiating with a future hotel operator. The complex is scheduled to open in 2029, adding a new hospitality and leisure destination to the developing Fahle Quarter.
Neutra links new development to a wider Fahle investment
The planned complex is part of Neutra’s ongoing investment in the Fahle area. The company’s wider portfolio includes more than 60,000 square metres of commercial and office space across Estonia, with a reported value of €232.4M at the end of the previous year. Its recent projects have included the reconstruction of a high-rise on Maakri Street in Tallinn and the continued development of the Fahle Quarter.
“The new brand and name express our current and future substance. Neutra’s development portfolio is diverse, ranging from classic office buildings and business campuses to commercial premises,” said Kenneth Karpov, Neutra’s largest shareholder.
The company has positioned the development as part of its focus on sustainable construction and the reuse of existing buildings. The hotel is intended to achieve the BREEAM Outstanding certification level, supported by smart building management, the use of waste heat and solar panels.
Restoring historic structures for a new visitor experience
The water and sauna centre will be created within a historic production building, preserving the character of the existing Fahle site while giving the structure a new use. The development will also reconstruct a 107-metre brick chimney, making it part of the renewed complex rather than removing it from the site.
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