LHV pension funds are investing in Liven’s real estate development 

LHV pension funds are investing EUR 2.4 million in the development of Liven’s residential project consisting of nearly 400 apartments.

On the basis of the agreement concluded between AS LHV Varahaldus and Liven AS, LHV pension funds will provide Liven with a guaranteed development loan of EUR 2.4 million, with an annual rate of return of 8%. Liven will use the loan in the Kadaka tee 88 development project, in Tallinn, to build 17 two to four-storey apartment buildings, with approximately 400 high-quality homes, by the end of 2026.
‘We are interested in long-term cooperation with local entrepreneurs who have the courage to stand out and tackle unique projects. Liven is definitely one of the real estate developers who stands out on the market in terms of the design and quality of its homes,’ said Maarja Pärs, Portfolio Manager at AS LHV Asset Management. ‘From the perspective of the pension fund client, in addition to the return on investment, it is definitely important that the loan is properly secured by a mortgage on the properties. We believe that the development at Kadaka tee 88 will become a success on the residential real estate market,’ added LHV’s portfolio manager.
In addition to a highway, the quarter will be connected to the City Centre by a cycle and pedestrian track, a new community shop will be located within walking distance, and a community park will be built in the vicinity of the apartment buildings.
Liven’s goal is to create homes that are characterised by good plans, outstanding interior solutions, and well-thought-out details – in other words, high-quality square metres. ‘We involve the home buyer at an early stage in all of Liven’s developments, to ensure that his or her needs are taken into consideration. The plan for the homes at Kadaka tee 88 is to develop a complete living environment, one that enjoys a good connection with the City Centre, and where the Nõmme-Harku health trails begin at the front door,’ said Andero Laur, CEO of Liven.
The Kadaka tee real estate quarter will be completed in four stages, with 2026 as the estimated completion date. First, buildings of up to four storeys will be built along Kadaka tee, and in the final stage, two and three-storey buildings will be completed.

Liven has operated as a residential real estate developer since 2014. Around 400 homes have been created during this time, and today nearly 1800 homes are currently in different stages of development.

LHV pension funds have approximately 139,000 clients, making it the second largest fund manager on the Estonian pension market. The total volume of LHV pension fund investments associated with Estonia is approximately EUR 358 million, i.e. one in four euros of the assets in LHV pension funds participates in the growth of the Estonian economy.

Additional information
Maarja Pärs
Portfolio Manager at AS LHV Asset Management

Andero Laur
CEO of Liven AS