The Tallinn Old Port area is one of the fastest-growing areas in Tallinn. The port, which dates back to the Middle Ages, is at the same time becoming one of the most modern passenger ports in the region, but also the most representative real estate development region in the city. The largest new development in the Baltics, Porto Franco, is located by the Admiralty Basin and covers most of the former Harbor Factory area. The development of Porto Franco primarily includes retail, service and office space, as well as the Citybox Tallinn hotel with 272 rooms and 544 beds.
The Porto Franco I building was completed in 2020, the III building became full height in May 2021 and will be completed by the summer of 2022. Building II, and with it the entire complex, is expected to be completed in 2023.
The target group of Porto Franco and Citybox Tallinn hotels are primarily tourists and business travellers, city residents spending city holidays. Porto Franco, 150,000 square meters, consists of three underground and five above-ground floors.
Porto Franco’s 25 5,000 m2 office centre will have more than 3,000 jobs in the future, and the 32,000 m2 shopping centre will house several major anchor tenants and more than a hundred different shopping and service locations.