The Republic of Estonia established the company with the business name RiigiKinnisvaraAktsiaselts(State Real Estate Ltd, hereinafter RKAS) according to the order no. 461 of the Government of the Republic of 28 June 2001 with the objective to guarantee the saving and effective provision of the real estate service to the executors of state authority.
About foundation documents
The gradual concentration of the development and management of state assets into one company (RKAS) creates the preconditions for the state to operating at the real estate market as one person and with the single objective – to guarantee the prudent and effective management of state assets and increase in value.
RKAS is the provider of real estate service to the executors of state authority.
RKAS is the preferred partner and competence centre for the government and state authorities for the fulfilment of the state functions and providing the public service in development, management and maintenance of the required real estate.
The mission of RKAS is to value the state real estate and give the assets to the disposal of the state administrators which with its functionality is compliant with the needs of the executor of state authority.
The volume of real estate portfolio of RKAS increases, the transfer of the real estate owned by the different administrators, incl also real estate unnecessary for the administration, to the company is continued.