Liepziedi: the new financing solution marks the next phase of the second house construction

In the aftermath of Covid-19, Estera Development announces the introduction of a new, more efficient financing solution and a start of the next phase in the construction of the second house of Liepziedi.


"We have spent the last few months evaluating various construction financing alternatives, most suitable for the post-crisis conditions. Having reviewed and analysed several options, we chose the most appropriate for the second house of Liepziedi. We are pleased with the newly established cooperation with the BlueOrange bank. The new financing opportunities enhance more energy in the project allow to realize the next stage of the construction with the intended quality," says Ülo Adamson, managing partner of Estera Development.

"Riga continues to develop rapidly, creating a need for more housing. The demand for new living areas is especially high from young families. Despite the general caution in the real estate financing sector, development of smart, high-quality projects with great infrastructure is a promising field, which BlueOrange actively credits," says Marina Antonova, Head of BlueOrange Credit Management.

Now, with the start of the new construction phase, there is a lot of activity on the site of the second house of Liepziedi. "We are happy and determined to start the next building phase of Liepziedi second house. Our team is working hard to complete the construction next summer – according to the construction schedule," says Oskars Salins, Kvadrum Construction Manager.       

As the interior works of the building takes some time, those interested in the second house apartments will have to wait a bit more. Meanwhile, everyone looking for a new home is invited to examine the tastefully furnished apartments in the first building. Currently, more than 30% of Liepziedi second house apartments have been sold or reserved. To find out more about Liepziedi and choose your new home, please contact Arco Real Estate agents.

Liepziedi is a new apartment project near Mezaparks, a highly prestigious Riga’s residential area. The second building of Liepziedi will house 179 one-, two-, three- and four-room apartments with an area from ​​22 to 68 square meters. The project features distinct modern design with large panoramic windows, elevators, storage rooms, underground parking, and is remarkable for its high energy efficiency. The apartment prices start from 39,700 euros. More information about Liepziedi is available at

You are very welcome to learn more about the second house of Liepziedi and apartment reservation options during the Open Day on September 19 from 11.00 to 17.00 at Briežu street 9 in Riga. During the open day, visitors will have a great opportunity to see the tastefully decorated one, two, three and four-room showcase apartments in the first house.

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