The Hipodroomi Quarter received its cornerstone and topping-out wreath on 8 October 2025. As the quarter is an example of Tallinn’s slow development processes, Reterra invited representatives of the seven largest political parties to debate at the quarter’s topping-out and cornerstone ceremony. During the urban space debate, politicians proposed solutions such as a real-time planning monitoring system and updating the general plan, which would be very welcome by market participants.
Reigo Randmets, CEO and shareholder of Reterra, has previously stated in the media that Tallinn’s development processes are slow and that detailed planning needs to be updated. “A modern city cannot be planned by piecemeal; all areas must form a whole and be multifunctional – so that no part of the city is desolated and gloomy at night or in the daytime. Tallinn also needs modern detailed planning and faster processing of developments. The latter is, among other things, a key factor in controlling real estate prices,” said Randmets.
Reterra’s messages also found their way into Tallinn’s coalition agreement. Reterra’s message that the Hipodroomi quarter took six years to obtain a building permit instead of the statutory 30 days was taken seriously – representatives of the political parties were largely in agreement during the debate that the problem needs to be solved, as it drives up housing prices. Politicians also agreed on the need to make the city more compact in a smart way. The three most important topics were presented by the Isamaa party as items in the coalition negotiations.
The total cost of the infrastructure in the Hipodroomi quarter is around €21 million, which will also include the reconstruction of nearby streets, including the Paldiski Road intersection, in 2026.
The news was published on 8 October 2025 on the Postimees web portal.