Estonia, Good for Business, Investments, Markets and Companies, Technology

"The T1 Mall of Tallinn multiplex will be the most important link in Tallinn of our chain of cinemas that is expanding across the Baltic and Nordic region," the manager of Cinamon Holding, Tatiana Tolstaya, said in a press release.

She said the exact parameters of the multiplex were not known yet.

The commercial director of Cinamon Holding, Toomas Luhats, said the company was more than confident about its investment in T1 Mall of Tallinn. "T1 Mall of Tallinn in Estonia and the REDI shopping center in the Fish Harbor in Helsinki, Finland are the two newest additions to the Cinamon family and we are taking their development with all seriousness," Luhats said.

The entertainment area in T1 Mall of Tallinn measuring almost 12,000 square meters in total has been effectively filled following the signing of the contract, more than a year before the center is scheduled to open.

The center's roof will feature a ferries wheel reaching 120 meters above sea level.

Established in 2005 and headquartered in Tallinn, Cinamon Holding runs five cinemas with altogether 23 theaters. Cinamon cinemas received 1.3 million visits in 2016. The company's sales in 2016 totaled 8.6 million euros, marking an increase of 7 percent year over year. Cinamon employs 110 people in Estonia, Latvia and Lithuania.

T1 Mall of Tallinn, a shopping and entertainment center with a gross area of 130,000 square meters that is estimated to cost more than 90 million euros, is scheduled to open in fall 2018. It was originally slated for opening in fall 2017.

T1 is part of the new urban center and traffic hub of Tallinn that will in the future comprise a new joint bus and railway terminal, a terminal of Rail Baltic and a new city square surrounded by commercial and residential buildings. An extension of tram line number 4 will connect it with the airport, Ulemiste City and the city center.