Start Of Construction Of Phase II Of Liven's Regati Project And The Next Phase Of The Iseära Project

(MENAFN- GlobeNewsWire - Nasdaq) Wholly owned subsidiaries of Liven AS (“Liven”) have signed general contractor agreements for the construction of phase II of the Regati project and the terraced houses and apartment buildings of the next phase of the Iseära project. In the two projects combined, construction of 179 new homes has started; the homes will be completed in 2027 and 2028 and will support Liven's revenue and results in those years.

Liven Kodu 20 OÜ, which is developing the Regati project, signed the phase II general contractor agreement with Mitt & Perlebach OÜ, which was also the general contractor of phase I. Phase II of the project comprises 102 new homes and commercial premises in three apartment buildings; the first building will be completed at the end of 2027 and the other two in the first half of 2028. The base volume of the construction works, including the works on the promenade, is EUR 28.3 million, plus VAT.

Phase I of the Regati project, comprising 112 homes and 7 commercial premises, was completed at the end of 2025. To date, 85% of the phase I homes have been sold and 24, or 24%, of the 102 phase II homes, including 27% in the building to be built first have been sold or booked. The construction of phase I was financed by LHV Pank AS. The architect of the project is Salto arhitektid and more information is available at regati.liven.ee.

Liven Kodu 16 OÜ, which is developing the Iseära project, has signed general contractor agreements with Tesron Ehitus OÜ for the construction of both the seven terraced houses and the three apartment buildings of the next phase; Tesron Ehitus OÜ has also been the general contractor for all previous terraced houses in the project. In Harkujärve village, 43 new homes in seven terraced houses will be completed in the autumn of 2027 and 34 new homes in three apartment buildings at the end of 2027. The base volume of the construction works is nearly EUR 9.0 million for the terraced houses and EUR 4.7 million for the apartment buildings, plus VAT. Of all 77 homes in the phase, 26, or 34%, have been sold and booked to date, including 42% in the terraced houses and 24% in the apartment buildings.

In the earlier phases of the Iseära project, a total of 107 homes in terraced houses and 36 homes in apartment buildings have been completed or will be completed by the end of 2026; their construction has been financed by Bigbank AS. The architect of the project is ARS Projekt OÜ and more information is available at iseara.liven.ee.

Joonas Joost
CFO, Liven AS
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