Liven AS - acquisition of a new development property in Tallinn, Lasnamäe district

Liven  Kodu 23 OÜ,  part of  the Liven  AS consolidation  group (Liven), won the
auction  organised by the Land and Spatial Development Board (Maa- ja Ruumiamet)
in  September  2025 for  the  acquisition  of  a development property located at
Linnamäe tee 21a in Tallinn, Lasnamäe district, Kuristiku sub-district.

Although  the exact construction  volume will be  determined during the detailed
spatial  planning process, we are planning a complete residential and commercial
building   complex   on  the  nearly  8,700 m(2)  property,  which  will  create
contemporary opportunities for living, working and leisure in the area.

According  to  Andres  Aavik,  Chairman  of  the  Supervisory Board of Liven AS,
launching  a new  development project  in Lasnamäe  is a  step that meets market
expectations.  "We  are  very  pleased  to  return to Lasnamäe and to supplement
Liven's  development portfolio with a district of great potential. The Kuristiku
sub-district has excellent infrastructure - there are schools, kindergartens and
good  transport connections, which correspond  to the 15-minute city principles.
The  city  of  Tallinn  has  contributed  to  the area by establishing parks and
playgrounds.  At the same time, not a  single contemporary living space has been
established in the area for nearly 30 years, although the demand for distinctive
and high-quality homes is clearly present," commented Aavik.

"Our previous experience in Lasnamäe has been very positive. Of landmark
importance is also the fact that it was the project on Virbi Street in Lasnamäe,
completed in 2017, that was the first development where Liven began to widely
offer the option of additional interior finishing choices. The new development
also complements Liven's portfolio well, which has so far been divided between
the Haabersti, Pirita, Põhja-Tallinn, Kesklinn, and Nõmme districts," Aavik
added.

The value of the transaction is EUR 1.1 million and the estimated investment
volume of the entire project is EUR 22 million. The property acquisition
transaction will be completed within six weeks and Liven will use the funds
raised from green bonds offering in financing of the transaction.


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