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Construction Begins for Liven's New Virmalise Project Homes

Construction Begins for Liven's New Virmalise Project Homes

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

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The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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