Start of construction of the last five terraced houses in phase II of the Iseära project
19 July 2024 - 11:00AM
UK Regulatory
Start of construction of the last five terraced houses in phase II
of the Iseära project
Construction of the last five terraced houses and 29 new homes
of phase II of the Iseära project, being developed by Liven Kodu 16
OÜ, a subsidiary of Liven AS, started this week at Kõrkja 1, 2, 3,
16 and Särje 3, Harkujärve village. The general contracting
contract was signed with Tesron Ehitus OÜ, which has also been the
general contractor for the construction of the previous terraced
houses in the Iseära project.
The basic amount of the general contract for the construction is
EUR 5.3 million, plus VAT, and the construction will be completed
in autumn 2025. To date, 12, or 41%, of the 29 homes have been sold
or reserved.
In total, the Iseära project will consist of 39 terraced houses
and 13 apartment buildings in phases, with 384 homes, 4 commercial
premises and a four-group day care centre. Phase I of the project
was completed in 2023, the first 5 terraced houses of phase II will
be completed in summer 2024, and the three apartment buildings and
the last 5 terraced houses of phase II will be completed in 2025.
During the phases to follow, 23 terraced houses and 10 apartment
buildings are planned to be developed, with a total of more than
240 homes. The architect of the project buildings is Ars Projekt OÜ
and the development and construction of the Iseära project has been
financed by Bigbank AS. More information about the project can be
found on the Iseära website.
Joonas Joost
Liven AS CFO
E-mail: joonas.joost@liven.ee