LINTGEN OÜ
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LINTGEN OÜ hetkeolukord
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's activity report 2022
OÜ Lintgen's main activity is the development of the T1 center located at Peterburi tee 2 in Tallinn and the leasing of the spaces therein.
The T1 center was acquired by the sole shareholder from the bankrupt AS Tallinna Moekombinaat as a result of an auction. The sole shareholder contributed a non-monetary contribution of a property with its significant parts and accessories in the amount of 55,000,000 euros.
The tenants of the center are Selver supermarket, Cinamon IMAX cinema, entertainment center "Super Skypark" with a Ferris wheel, several cafes, restaurants, sports clubs, office spaces, and various stores. The center's underground and multi-storey car park has a total of nearly 1,000 parking spaces.
T1 focuses on the outlet concept on the first and second floors, for example, Rademar, Denim Dream, and Sportland outlet stores were opened in the center at the end of 2022.
The renovated T1 center will offer more entertainment, hobby and sports activities, and health and beauty services on the third and fourth floors.
In addition, many different events and concerts take place in the center, which support the center's visitation.
The total possible leasable area of T1 as of 31.12.2022 was nearly 56,000 m2.
In 2022, the renovation works of the center began. In the fall, a new railway-side entrance was completed and travelators were installed for better movement between the first and second floors.
The renovation works are planned to be completed by the end of 2023 and the total investment is 16 million euros.
In 2022, the average number of employees was 10, of which 2 were board members. The labor costs in 2022 were approximately 553,000 euros.
Financial indicators and ratios: (cid:127) Balance sheet total, million euros: 60.9 (cid:127) Equity million euros: 58.5 (cid:127) Profit/loss for the reporting period thousand euros: 985 (cid:127) Return on assets*: 1.62% (cid:127) Return on equity**: 1.68% * return on assets = net profit(-loss) / total assets (average) ) ** return on equity = net profit(-loss) / total equity (average
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