Polaria Kinnisvara OÜ is a Tallinn-based real estate company with its headquarters at Tuuliku tee 4. Founded in August 2003, its official field of activity is real estate rental and management, but a significant share of its profits comes from interest on loans issued and other financial transactions. The company maintains a small core staff, with an average of two employees and a management board comprising one member, currently Erki Vall.
Polaria Kinnisvara OÜ reported a net turnover of €27,200 in 2024 and an annual profit of €95,808, indicating a business model that emphasizes capital efficiency and investment returns. Labour costs for 2024 totaled €40,009, with management receiving €14,580 in compensation. The company has maintained a healthy financial posture, with no outstanding tax or creditor debts and a balance sheet total estimated at over €6.3 million in 2025.
Among its notable recent activities, Polaria Kinnisvara has participated in the development of the WoHo hybrid quarter in central Tallinn, a complex that integrates office and residential spaces and is home to tenants such as Telia and Pipedrive. The company has also acquired properties through public auctions and is active in managing both urban and nature-adjacent assets.
The company's growth strategy includes real estate investment and development, as well as generating financial income from securities transactions and dividends from associates. Polaria Kinnisvara OÜ operates with a clear financial discipline, evident in its sustained profitability and lack of significant liabilities.