Tallinna Kaubamaja Grupp AS published a stock exchange announcement on 16 September 2014, notifying of the establishment of a new shopping and entertainment centre in Viimsi. Today, on 13 August 2015, the largest leisure and shopping centre in the area, the 14,000 square metre Viimsi Centre, referred to in the abovementioned stock exchange announcement will be opened for visitors. The centre will bring both necessary services and shops closer to the local residents, and will create close to 300 new jobs in the area. The owner and developer of the shopping centre is Tallinna Kaubamaja Kinnisvara AS, subsidiary of Tallinna Kaubamaja Grupp AS, and the largest tenant is Viimsi Selver expanding on 3,500 square metres. The new centre will accommodate approximately 40 shops, eateries and service facilities, and a 300-place car park. The volume of investments related to the establishment of the Viimsi Centre amounts to 14.5 million euros.