Bonava Eesti OÜ is one of Estonia’s largest residential real estate developers, operating primarily in and around Tallinn. The company’s roots extend back to the 1930s via its origins in the Swedish NCC group, but it has operated under the Bonava name since 2016 when NCC’s housing division became an independent entity. Bonava Eesti OÜ has been active in Estonia for 19 years and, in that time, has developed and sold nearly 3,000 apartments, with new developments in districts such as Mustamäe, Haabersti, Viimsi, Kristiine, and more.
Bonava Eesti’s business model covers the entire development process: from in-house design and project management, through construction, to sales and after-sales service. Current key projects include the large Uus-Mustamäe development—the largest new residential area in Tallinn—and ongoing work in areas such as Järveotsa and Pikaliiva.
In financial terms, Bonava Eesti OÜ reported a revenue of 28.1 million euros in 2023, with a profit of 1.4 million euros and a profit margin of 4.94%. In the previous year, revenue reached 32.3 million euros. The company has set a goal to build another 2,000 homes within the next five years.
Ownership is ultimately Swedish, with control held by board members based in Sweden. Bonava’s activities in Estonia are notable for their scale and continuity in local housing development, contributing sizable new residential stock in the country’s capital and its surroundings.