Liven AS - acquisition of a new development property in Tallinn, Lasnamäe district

Core Insights - Liven Kodu 23 OÜ, part of Liven AS, won an auction for a development property in Tallinn, indicating a strategic expansion in a promising area [1] - The planned project will include a residential and commercial building complex on a nearly 8,700 m² property, aiming to enhance living, working, and leisure opportunities [2] - The Chairman of Liven AS highlighted the area's excellent infrastructure and the long-standing demand for modern living spaces, which have not been developed in nearly 30 years [3] Company Strategy - The new development in Lasnamäe aligns with market expectations and complements Liven's existing portfolio, which includes various districts in Tallinn [3][4] - Liven's previous positive experience in Lasnamäe, particularly with a project completed in 2017, supports the decision to invest in this area [4] Financial Details - The transaction value for the property acquisition is EUR 1.1 million, with an estimated total investment of EUR 22 million for the project [5] - Funding for the acquisition will be sourced from a green bonds offering, showcasing Liven's commitment to sustainable financing [5]