Reterra Estate OÜ is a real estate development and investment company based in Tallinn, Estonia, founded in March 2015. The company focuses primarily on developing both commercial and residential properties in Estonia’s main urban centers — Tallinn and Tartu — as well as Riga, Latvia. It is led by Reigo Randmets, who is also the main beneficiary and decision-maker.
The company has a small but focused team, with 14 employees as of mid-2025. Financially, Reterra Estate reported a turnover of approximately €1.35 million for 2025 and held assets totaling over €26 million. The company's portfolio emphasizes owning, developing, and managing both completed and ongoing projects in residential and mixed-use districts.
Among its most visible current projects is the Hipodroomi district in Tallinn, an ambitious redevelopment on the former Hipodroomi site. Here, Reterra is constructing a 250-meter-long underground car tunnel, a first in Estonia for a residential and commercial area. The site's full redevelopment, which includes five new buildings under construction and extensive new infrastructure, is projected to continue up to 2035. The infrastructure budget for this area is about €21 million, with Reterra exclusively funding the tunnel segment.
Other notable projects include the CityTorn high-rise in Tallinn, new residential complexes in Tartu’s Raadi area, and residential developments in partnership with other Baltic real estate firms in Riga. The company also rehabilitates historical structures, such as the Hiiu grain elevator in Tallinn, turning unused industrial sites into new urban spaces.
Reterra Estate operates with a focus on building high-quality, long-term valued environments and is known for managing complex, large-scale urban development projects.