Exciting New Developments in the Luuslang Project
Liven Kodu 12 OÜ, a dedicated subsidiary of Liven AS, is taking significant strides in its real estate development by signing a general contractor agreement with Mitt & Perlebach OÜ for the construction of the first homes in phase II of the Luuslang project. This agreement marks a pivotal advancement as Mitt & Perlebach OÜ also successfully completed the construction for phase I.
Construction Timeline and Financial Details
The construction for two four-storey residential buildings, located at Jalami 6/1 and Jalami 6/2 in the vibrant Astangu neighbourhood, is set to commence soon. The groundbreaking is scheduled for early August 2025. It's estimated that these new structures will be completed by autumn 2026, adding 39 much-needed homes to the community.
Investment and Economic Impact
This phase of construction comes with an investment of EUR 5.0 million, excluding VAT. Notably, of the 39 new homes being built, 15—or 38%—have already been sold, indicating strong market interest and the project’s appeal to potential homeowners.
Phase I Success and Future Plans
Reflecting on the achievements of phase I, by the end of 2023, all 80 homes completed during this initial phase have been finalized, signaling robust progress and community engagement. As we look ahead, the Luuslang project aims to construct an additional 105 homes in upcoming phases, along with a single-storey commercial building designed for catering purposes, enhancing the local economy and lifestyle.
Architectural Excellence
Kadarik Tüür Arhitektid OÜ continues to spearhead the architectural design of the residential buildings, ensuring aesthetically pleasing and functional homes that cater to modern living.
Community Infrastructure Improvements
Alongside the residential additions, the renovation of the street and sewerage system on Astangu Street will further bolster the local infrastructure, ensuring a safe and efficient living environment for residents.
Get in Touch
For further inquiries regarding the Luuslang project or for more detailed information, you can reach out to Joonas Joost, the CFO of Liven AS, at joonas.joost@liven.ee. Open communication is a vital part of ensuring that the community remains informed and engaged as these developments take shape.
Frequently Asked Questions
What is the Luuslang project?
The Luuslang project is a residential development initiative by Liven Kodu 12 OÜ aimed at improving housing availability in the Astangu neighbourhood.
When will the construction of phase II begin?
Construction for phase II is set to begin in early August 2025.
How many homes will be constructed in phase II?
Phase II will add 39 new homes to the development.
What is the total investment for this construction phase?
The total investment for phase II is estimated at EUR 5.0 million plus VAT.
Who is the architect responsible for the residential buildings?
Kadarik Tüür Arhitektid OÜ is the architectural firm behind the design of the residential buildings in this project.
