Construction Begins for Liven's New Virmalise Project Homes

Author: Dylan Bailey Updated: 10-16-2025 12:45 AM

Construction Commencement on Liven's Virmalise Project

Recently, Liven Kodu 21 OÜ, a division of Liven AS, officially started the preparations for the Virmalise project. This ambitious initiative will culminate in a four-story residential structure, designed to include a private courtyard, positioned at Virmalise 3 in the Uue-Maailma area of Tallinn. The project is aimed at providing 28 new homes for prospective residents and is anticipated to reach completion by the end of 2026.

Project Overview and Features

The key general contractor charged with overseeing the construction is Bildgren Ehitus OÜ. The architectural blueprint for this residential building was crafted through a collaborative effort between Liven and Arhitektuuribüroo Kuup Ruut OÜ, ensuring an aesthetically pleasing and functional design. The total estimated expenditure for this venture is close to EUR 5.0 million, with VAT not included in this estimate.

Current Sales Status

As of now, the construction process has progressed to a point where 29% of the available 28 homes have already been sold. This early interest reflects the vibrant demand for residential options in the area, highlighting the project's appeal in the local real estate market.

Contact Information

For those seeking further details or insights into the Virmalise project, Joonas Joost, the Chief Financial Officer of Liven AS, is available for inquiries. He can be reached via email for any questions related to the project's status or investment opportunities.

Frequently Asked Questions

What is the Virmalise project about?

The Virmalise project aims to construct a four-story residential building featuring 28 homes with a private courtyard, set to be completed by 2026.

Who is the contractor for this project?

Bildgren Ehitus OÜ has been selected as the general contractor for the construction of the Virmalise project.

How much is the estimated cost of construction?

The total cost for the construction of the Virmalise project is approximately EUR 5.0 million, excluding VAT.

What is the current sales status of the homes?

Currently, 29% of the 28 homes under construction have been sold, indicating strong market interest.

Who can I contact for more information?

For inquiries, contact Joonas Joost, CFO of Liven AS, via email for more details about the project.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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