COBALT advised LHV Asset Management and LHV pension funds on the financing of the Liven project development

COBALT advised LHV Asset Management and LHV pension funds on the provision of secured financing to the real estate developer Liven for 2.4 million euros by subscribing to secured bonds issued by Liven.
Liven is using the loan in the Kadaka tee 88 development project in Tallinn, where they plan to build 17 two to four-story apartment buildings by the end of 2026.  In total, they plan to develop approximately 400 apartments.

LHV is the largest domestic financial group, founded in 1999. Liven is a residential real estate developer founded in 2014. The company plans to go public in 2023.

The COBALT project team, who advised the client on the juridical matters consisted of Partner Marina Kotkas and Junior Associate Christine Mägi.

More information is available here.