Life in the heart of the buzz!
Edi and Rauno’s home in the Suur-Patarei building was completed in 2020.
Edi and Rauno’s home in the Suur-Patarei building was completed in 2020.
According to the real estate brand survey conducted this fall by Kantar Emor, Liven and Merko are at the top when ranking the reputation of real estate developers. The ranking of reputation differs slightly from that of recognition, being clearly led by Merko and Liven. While Merko’s reputation is based on its high level of professionalism, Liven’s main strength is the trendiness of its developments.
At a public auction at the end on summer 2021, Liven acquired the 27,000 m2 registered immovable at Regati puiestee 3, in the neighbourhood of Pirita TOP. The company plans to implement a solution based on the established detailed plan, according to which a modern residential quarter will be built on the paved site that has been standing idle for years, in accordance with the detailed plan. The aim of the project is to develop a living environment that is open to all city residents, while also being a part of the Pirita promenade. The cost of the planned investment is nearly EUR 70 million.
Liven AS organized a successful share issue in the amount of EUR 5 million, in the course of which 1,337,613 new shares will be issued. Interest among investors was higher than expected, as shares were oversubscribed by 25.9%. The company’s shareholders include several well-known investors.
A total of 193 homes will be completed in three stages by 2023, with most offering views of the sea. In the course of the development, a total of 5 apartment buildings, light traffic roads and a city square will be built.
The winter solstice holds special significance for Estonian people. While it is a slow process, the days will last longer from that point on. The darkness and gloom are the factors that cause sadness and make people look at the calendar with anticipation. This year, as we can rejoice over the abundant white snowy carpet as compared to the previous winters, so does Liven’s creative director Alina Kester recommend that the light outside be allowed indoors.
The bonds are subject to quarterly interest payments of 8% per annum and are secured by a tier 1 mortgage held by the law firm TRINITI, which is providing the service of security agent.