Liven AS – acquisition of a new development property in Tallinn, Haabersti district

Liven  Kodu 24 OÜ,  part of  the Liven  AS consolidation  group (Liven), won the
auction  organised by the Land and Spatial Development Board (Maa- ja Ruumiamet)
in  October  2025 for  the  acquisition  of  a  development  property located at
Järveotsa tee 16c in Tallinn, Haabersti district, Väike-Õismäe sub-district.

A  residential building  complex with  commercial premises  adding value  to the
living environment is planned on the approximately 13,300 m² property. The exact
construction  volume  will  be  determined  during the detailed spatial planning
process to be initiated.

"The acquisition of the new property is a strategic step for Liven, securing a
long-term development pipeline in one of Tallinn's fastest-growing areas,"
commented Andres Aavik, Chairman of the Supervisory Board of Liven AS.
"Haabersti district is known for its active new development market and high
competition, where Liven itself also has several ongoing projects. The
development timeline of the Järveotsa tee 16c property allows us to ensure
continuity and maintain Liven's capability to offer new homes in the area even
after the completion of currently ongoing and planned projects," Aavik added.

"Our confidence in the area's potential is confirmed by Liven's Luuslangi
development project, where more than half of the homes in the first buildings of
the ongoing second phase have already found owners a year before completion. We
believe that all new developments in the area will, once completed, increase the
overall attractiveness and value of the district," Aavik continued.

The value of the transaction is EUR 1.1 million, and the estimated total
investment volume of the project is EUR 20 million. The property acquisition
transaction will be completed within two months, and Liven will use the funds
raised from its green bonds offering in financing the transaction.


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