Mobility giant Bolt is weighing a move of its headquarters across Tallinn to the waterfront Porto Franco development, business daily \u00c4rip\u00e4ev reports.<\/p>\n
The ride-hailing and rental platform, currently headquartered in the Kawe Quarter in Veerenni, has been searching for new office space for some time, newspaper \u00c4rip\u00e4ev reported Monday<\/a> (link in Estonian).<\/p>\n Of dozens of sites considered, negotiations with the long-stalled Porto Franco development on Tallinn’s waterfront have advanced the furthest and are now in their final stage, pending a decision, the paper reports.<\/p>\n Porto Franco owner Rauno Teder declined to confirm Bolt’s potential move. “We do not comment on such rumors,” he told ERR Monday.<\/p>\n Nonetheless, he acknowledged that the development is actively seeking a large anchor tenant and continuing preparatory work on the project.<\/p>\n Bolt also stopped short of confirming any relocation plans, with PR lead Kaarel Kook saying the company has not yet reached any agreement on a new headquarters location.<\/p>\n “At the moment, we have not signed any agreements regarding a new office,” he said.<\/p>\n Construction at Porto Franco has been stalled for some time and remains on hold. Teder said progress on the waterfront development hinges on a chain of factors \u2014 landing a major tenant, restarting construction and completing sections of the complex \u2014 but would not provide an estimate for when it might be finished.<\/p>\n “That would be speculation,” he said.<\/p>\n \u00c4rip\u00e4ev reports\u00a0that financing remains Porto Franco’s\u00a0biggest obstacle. After a corruption scandal that\u00a0concluded in the Supreme Court last February<\/a>, the project lost access to a \u20ac100 million loan.<\/p>\n Securing a strong tenant, the paper noted, would significantly bolster the developer’s standing with banks.<\/p>\n —<\/p>\n Follow ERR News on Facebook<\/a> and X<\/a> and never miss an update!<\/p>\n