Workflow
Residential Building Complex with Commercial Premises
icon
Search documents
Liven AS – acquisition of a new development property in Tallinn, Haabersti district
Globenewswire· 2025-10-21 04:30
Core Insights - Liven Kodu 24 OÜ has successfully acquired a development property in Tallinn for EUR 1.1 million, marking a strategic move to enhance its development pipeline in a rapidly growing area [1][5] - The planned residential building complex will occupy approximately 13,300 m² and will include commercial premises, with a total estimated investment of EUR 20 million [2][5] - The acquisition is expected to ensure continuity in Liven's ability to provide new homes in the Haabersti district, which is characterized by a competitive development market [3][4] Company Strategy - The acquisition aligns with Liven's strategy to secure long-term development opportunities in one of Tallinn's fastest-growing districts, ensuring ongoing project capabilities [3] - The success of Liven's Luuslangi development project, where over half of the homes in the second phase have been sold prior to completion, reinforces confidence in the area's market potential [4] Financial Overview - The transaction value for the property acquisition is EUR 1.1 million, with a projected total investment of EUR 20 million for the development project [5] - Funding for the acquisition will be sourced from Liven's green bonds offering, indicating a commitment to sustainable financing [5]