Liven raised 2 million euros
Liven Kodu 17 OÜ, a subsidiary of Liven AS, issued 20 mortgage-backed bonds with a nominal value of 100,000 euros in a total amount of 2 million euros with a redemption date of 31.03.2023 through a non-public offer. The proceeds from the issue will be used to finance the project of Juhkentali 48.
According to Andero Laur, CEO of Liven AS, the proceeds from the issue will be used for the construction of a new residential and commercial building near Tallinn Bus Station. “This property is located in a rapidly developing area, the value of which is shaped by the planned major development on Sossi Hill as well as the large-scale project of Tallinn Central Market,” Laur explained.
According to Laur, today’s home buyer appreciates the downtown and the nearby locations: “In the Juhkentali area, there are important and decision-making factors in choosing a home: schools, sports facilities and various leisure opportunities. The city center is also just a short walk away.” The new commercial and residential building will be completed by the end of 2023.
Liven was advised on the bond issuance by Ellex team in Estonia which was led by Partner Ermo Kosk and included Counsels Toomas Kasesalu and Rain Raa.