Start of construction on Liven's Iseära and Peakorter projects

Liven  Kodu 16 OÜ, a  subsidiary of Liven  AS ("Liven") which  is developing the
Iseära  project, signed  a general  contractor agreement  with Tesron Ehitus OÜ,
which  is also the  general contractor for  the previous terraced  houses in the
project,  for the  construction of  the next  terraced houses.  In the autumn of
2026, 30 new  homes  will  be  completed  at  Lutsu  5 and  Koha 5-8, Harkujärve
village. The volume of the construction works is nearly EUR 6 million, plus VAT.
Of the 30 homes to be built, 16, or 53%, have been booked and sold to date.

In  the earlier phases of  the Iseära project, a  total of 107 homes in terraced
houses  and 36 homes in  apartment buildings have  already been completed or are
nearing completion. In the coming years, there are plans to build more than 200
additional  new homes. The architect of the Iseära project is ARS Projekt OÜ and
more  information about the project can  be found on the website iseara.liven.ee
(https://liven.ee/en/kodu/iseara/story/).

In  September, construction also began on the Peakorter project, developed by EK
6 OÜ, a 50/50 joint venture between Liven and Oma Grupp OÜ. 67 new homes will be
completed  at  the  beginning  of  2027 at  Erika  6a and  6b, in  the  Karjamaa
neighbourhood,  located between Kalamaja and Kopli in North Tallinn. The general
contractor  for the construction of the two new six-storey residential buildings
and the nine-storey renovated water tower is Oma Ehitaja AS.

The  estimated volume of  the construction works  is nearly EUR 13 million, plus
VAT. Of the 67 homes to be built, 18, or 27%, have been booked and sold to date.
The architect of the Peakorter homes under construction is PIN Arhitektid OÜ and
more   information   about   the   project   can   be   found   on  the  website
peakorter.liven.ee (https://liven.ee/en/kodu/peakorter/story/).


Joonas Joost
Liven AS CFO
E-mail: [email protected] (mailto:[email protected])