Liven Prepares for Next Green Bond Public Offering
Residential real estate developer Liven announced today its intention to issue green bonds and is preparing a public offering. The detailed terms and timeline of the offering will be announced shortly.
Liven AS's planned public offering is the second emission under the bond program confirmed in spring 2024. Last spring, Liven raised 6.2 million euros with the first series of bonds from the program, and the public offering base amount was oversubscribed 3.6 times.
"Last year, Liven successfully conducted the Baltics' first green bond emission in the real estate sector, and the great interest and trust of investors gave us confidence to plan the next emission this year. As a public company, it is important to us that Liven's mission and value proposition are trusted, and our chosen direction to offer both personal touch and genuine quality in real estate development is something that is seen as having potential both today and in the future," said Andero Laur, CEO of Liven AS.
Liven's goal is to provide investors with the opportunity to invest capital in one of Estonia's most reputable real estate companies and also in financial instruments that take environmental objectives into account.
Liven AS was founded in 2014 and is a residential real estate developer operating primarily in Tallinn. During the company's more than ten years of operation, more than 800 homes have been created and over 1,400 new homes are in preparation.
By the beginning of 2025, Liven's portfolio includes 11 projects in various development phases, with a total volume for the construction of over 1,400 new homes. Four Liven developments are primarily on the market and under construction – Luuslangi, Iseära, Regati, and the Wohngarten development in Berlin. The estimated sales revenue volume of Liven's development portfolio exceeds 371 million euros.
In 2023, Liven also expanded to the German market, and in 2024, pre-sales of the first Berlin-based project began. In total, Liven's development portfolio today includes approximately 114,000 m2 of saleable space, which ensures a stable volume of developments for the coming years.
