![]() | The topic of this article may not meet Wikipedia's notability guideline for biographies .(April 2021) |
Hillar Teder (born 10 September 1962) is an Estonian businessman, a convicted criminal [1] and property developer conducting his business in Estonia, Latvia, Russia and Ukraine. He is a majority shareholder in Arricano Real Estate plc.
In 2011 and 2012, Teder topped the "Wealthiest People in Estonia" ranking composed by the business magazine Äripäev (Business Daily), and in the years 2013-2015, he appeared in the top five positions of the list. [2] [3] In 2016, Teder's net worth had dropped to €60 million. [4]
Teder was born on 10 September 1962 to a family of teachers. In 1980, he graduated from the Tallinn School of Science (Tallinna Reaalkool), and in 1986 from the Tallinn Polytechnic Institute having majored in mechanical engineering.
His entrepreneurial career started in the early 1990s, when together with the LADA automotive centre he established Mega Avto, a company specialising in car sales in Russia. The commercial interests of the company also extended to sales of Audi [5] and Peugeot [6] cars in Estonia and Honda in Latvia. [7] In 1994 Teder privatised the LADA auto centre in Tallinn.
In 1995, in conjunction with his partners Dmitriy Korzhev and Dmitriy Troitskiy in St Petersburg, Teder established Multon, a juice manufacturing company. [8] The launch of trademarks Dobriy, RICH, Moya Semiya quickly converted the company into an industry leader and caught the eye of The Coca-Cola Company, which bought Multon for $501 million in 2005. [9]
The next stage in Teder's entrepreneurial history was commercial property development. [10] 1997 saw the commencement of construction of Rocca al Mare, Tallinn's largest shopping and entertainment centre of 35 000 sq.m., [11] financed by the international SEB Bank. Rocca al Mare was opened in 1998 [12] and its office building quickly became known as the Audi Tower. [13] [14]
In 2001, Teder set up one of the first technoparks in Estonia, which he sold in 2005. [15]
Teder is a co-founder and owner of one of the largest food retailers in Russia, the O'Key supermarket chain. The O'Key group was founded and registered in St Petersburg in 2001. Having opened its first hypermarket in 2002, by 2015 the total number of O'Key supermarkets in Russia reached 111 with the chain being present in 27 large cities. [16]
Teder is a shareholder of Arricano, a leading commercial property developer who owns and operates a number of shopping centres in Ukraine (Sky Mall, RayON and Prospect in Kyiv, Sun Gallery in Kryvyi Rih, City Mall in Zaporizhzhia and South Gallery in Simferopol). [17] [18] In 2013 Arricano Real Estate became the first post-crisis Ukrainian developer to launch an IPO at the AIM of the London Stock Exchange. The market capitalisation at the moment of IPO approximated USD 24 million. [19] [20] [21]
2015 saw the onset of another large-scale project, a modern office and shopping complex Porto Franco in Tallinn (GBA 40 000 sq.m.). [22] [23]
Teder was accused of bankruptcy of the Ukrainian O'Key chain by retail suppliers (in autumn of 2012 a picketing of the Estonian Embassy in Ukraine was organised by entrepreneurs). [24] The dispute was settled by reaching an amicable agreement between the creditors' committee and the O'Key Ukraine retailer. [25]
In 2014, the scheme of Sky Mall shopping centre ownership became the point of dispute between Teder and businessman Andrey Adamovskiy. [26] In October 2015 the High Court in London upheld the London Court of International Arbitration confirming Arricano's right to a stake buyout in the Sky Mall project. [27]
Teder had been mentioned alongside Vello Kunman (Silikaat Grupp owner), Villu Reiljan (former politician and mayor's counsellor) and Aivar Tuulberg (Rand&Tuulberg owner) in the context of a corruption scandal and attempted bribery of the Tallinn's mayor, Edgar Savisaar. The investigation had at its disposal information on multiple bribes taken by Savisaar in the form of property and fringe benefits in the years 2014-2015. No evidence linking the businessmen to the case was ever discovered. [28] [29] [30]
Teder admitted in Harju County Court to funding the Center Party in secret prior to the 2015 Riigikogu elections in exchange for a land swap deal going ahead in the capital. [31]
Tallinn is the capital and most populous city of Estonia. Situated on a bay in north Estonia, on the shore of the Gulf of Finland of the Baltic Sea, Tallinn has a population of about 461,000 and administratively lies in the Harju maakond (county). Tallinn is the main governmental, financial, industrial, and cultural centre of Estonia. It is located 187 km (116 mi) northwest of the country's second largest city, Tartu; however, only 80 km (50 mi) south of Helsinki, Finland, also 320 km (200 mi) west of Saint Petersburg, Russia, 300 km (190 mi) north of Riga, Latvia, and 380 km (240 mi) east of Stockholm, Sweden. From the 13th century until the first half of the 20th century, Tallinn was known in most of the world by variants of its other historical name Reval.
The Estonian Centre Party is a left-centrist political party in Estonia. It was founded in 1991 as a direct successor of the Popular Front of Estonia, and it is currently led by Mihhail Kõlvart.
Jüri Ratas is an Estonian politician who was the 18th prime minister of Estonia from 2016 to 2021. He was the Leader of the Centre Party from 2016 to 2023, and the mayor of Tallinn from 2005 to 2007. Ratas was a member of the Centre Party until switching to Isamaa in 2024.
Parliamentary elections were held in Estonia on 4 March 2007. The newly elected 101 members of the 11th Riigikogu assembled at Toompea Castle in Tallinn within ten days of the election. It was the world's first nationwide vote where part of the voting was carried out in the form of remote electronic voting via the internet.
Ämari Air Base is a military airbase in Harjumaa, Estonia located 7 km (4.3 mi) south of Lake Klooga and 20 nautical miles southwest of Tallinn.
The Estonian Orthodox Church of the Moscow Patriarchate is a semi-autonomous church in the canonical jurisdiction of the Patriarchate of Moscow whose primate is appointed by the Holy Synod of the latter.
Marina Kaljurand is an Estonian politician and Member of the European Parliament. Kaljurand served as Minister of Foreign Affairs in Taavi Rõivas' second cabinet as an independent. Earlier, she served as the Ambassador of Estonia to the United States, Russia, Mexico, Canada, Kazakhstan, and Israel.
The Estonian United Left Party is a political party in Estonia undergoing reformation.
Tallinn Black Nights Film Festival, or PÖFF, is an annual film festival held since 1997 in Tallinn, the capital city of Estonia. PÖFF is one of the largest film festivals in Northern Europe. In 2014 it was upgraded to an A-list festival by FIAPF.
ARU.TV is a news and opinions web TV channel based in Tallinn, Estonia, and was launched in 2015. The project is aimed to combat Kremlin propaganda and targets people in Russia and the Russian-speaking population of Belarus, Ukraine and the Baltic States.
Donetsk City is a large enclosed shopping mall in Donetsk, Ukraine. Located along Artema Street, the mall opened in October 2006 and includes a total area of approximately 115,000 sq. meters. It contains over 115 stores, an eight-screen multiplex, bowling alley, and a family entertainment center ("Funtura").
Oleksandr Volchkov is a Ukrainian former professional footballer who played as a defender.
Ocean Plaza is one of the largest shopping and entertainment complexes of Kyiv, Ukraine. It was inaugurated in 2012 and currently houses more than 470 stores and 40 restaurants and cafes. The second queue of the mall is called Ocean Mall, it's located next to original mall and is currently under construction.
CM Games is an Estonian independent video game developer and publisher based in Tallinn, Estonia.
Arricano Real Estate plc is a public limited company operating in the field of commercial real estate, one of the big developers and shopping centre network operators in Ukraine. The company deals with full cycle of retail real estate development, from purchase of land property and construction to shopping mall operation.
Anton Andreyevich Miranchuk is a Russian professional footballer who plays as a attacking midfielder for Lokomotiv Moscow and the Russia national team.
Igor Rotenberg is a Russian billionaire businessman, and the oldest son and heir to Arkady Rotenberg, Russian billionaire businessman and co-owner with brother Boris Rotenberg, of the SGM (Stroygazmontazh) group. The Rotenbergs are closely associated with Vladimir Putin. In October 2018, Igor Rotenberg's wealth was estimated to be $1.1 billion. Igor Rotenberg has been under United States sanctions since 6 April 2018.
Oleksandr Hranovskyi – Ukrainian politician, Member of Parliament of Ukraine of the 8th Ukrainian Verkhovna Rada, Petro Poroshenko Bloc "Solidarity".
Andrey Adamovskiy – Ukrainian businessman and philanthropist. Honorary Academician of the National Academy of Arts of Ukraine.