Clevon AS

Regulatory Filings • Oct 16, 2025

Start of construction on Liven’s Virmalise project

Start of construction on Liven’s Virmalise project

Yesterday, preparations for construction began on the Virmalise project
developed by Liven Kodu 21 OÜ, a subsidiary of Liven AS ("Liven"). By the end of
2026, a four-story residential building with a private courtyard will be
completed at Virmalise 3 in the Uue-Maailma district of Tallinn, offering 28 new
homes.

The general contractor for the construction works is Bildgren Ehitus OÜ, and the
architectural design was created by Liven together with Arhitektuuribüroo Kuup
Ruut OÜ. The total cost of the construction works is nearly EUR 5.0 million,
plus VAT. As of today, 29% of the 28 homes under construction have been sold.
More information about the project can be found on the website
virmalise.liven.ee (https://liven.ee/en/kodu/virmalise/story/).

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