Liven AS Launches New Development Project in Tallinn Area

Author: Evelyn Baker Updated: 04-17-2025 12:45 AM

Liven AS Unveils Exciting Development Project

Liven AS has announced a new partnership with Oma Grupp OÜ, marking a significant step towards the realization of a major development project. This collaboration will lead to the establishment of a joint venture that focuses on enhancing the property located at Erika 6a and 6b in Põhja-Tallinn. The project is set against the backdrop of an existing detailed spatial plan and comes with the necessary building permit, which allows for the construction of innovative residential structures.

Details of the Project

According to the approved plans, the development will feature two six-storey residential buildings alongside a remarkable nine-storey structure that incorporates a reconstructed water tower. In total, there will be 68 new homes, providing a combined living area of approximately 4,900 square meters. This residential offering is designed to meet the growing demand for housing in urban settings, ensuring that future residents will have access to modern living spaces.

Timeline and Investment

The sales for the first residences are expected to commence in the summer of 2025, with construction slated to start towards the end of that year. The entire project is set to be completed by 2027. The firm PIN Arhitektid OÜ has been chosen as the architect, while Oma Ehitaja AS will serve as the general contractor. The estimated investment for this ambitious development exceeds EUR 16 million, underscoring Liven AS’s commitment to quality construction and sustainable development practices.

Liven AS’s Vision for Future Collaborations

Andero Laur, the chairman of the management board at Liven AS, expressed enthusiasm about the collaboration with landowners during a recent statement. He remarked, “Joint projects with landowners are a great opportunity for Liven to create homes in locations that are so good that they are not for sale.” This sentiment highlights Liven's strategic approach to securing prime real estate for development. Previously, Liven and Oma Ehitaja AS successfully completed the Iseära apartment buildings, demonstrating a strong foundation for future endeavors.

A New Chapter for Liven's Development Portfolio

Laur further elaborated on the excitement surrounding this new project: “We are also very pleased that we were able to once again supplement Liven's development portfolio with a project in an area where we did not have an active offer and which we can start selling in a relatively short period of time.” This project indicates Liven’s proactive approach to expansion, filling gaps in their portfolio and responding to market demand effectively.

Contact Information

For further inquiries, please reach out to Joonas Joost, CFO at Liven AS, via email at joonas.joost@liven.ee.

Frequently Asked Questions

What is the nature of the project announced by Liven AS?

Liven AS has entered into a partnership for a development project that includes the construction of residential buildings in Tallinn.

When will construction for the new project begin?

Construction is projected to start towards the end of 2025, with the sales of homes expected to begin in the summer of that year.

How many homes will be part of the new development?

The project will feature a total of 68 homes within the three planned buildings.

Who is involved in the construction of the project?

PIN Arhitektid OÜ is the architect for the project, and Oma Ehitaja AS is the general contractor.

What is the estimated investment for the project?

The total estimated investment for this development project is over EUR 16 million.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

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.