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Invego Bets €18M on Energy-Efficient Housing in Viimsi
Real estate developer Invego is launching the 'Verve' residential quarter in Viimsi, Estonia, a project featuring 60 A-energy class apartments in terraced houses with a unique 'back-to-back' layout designed for privacy and affordability.
- —Invego is investing over €18 million in a new residential development named Verve in Viimsi municipality, Estonia.
- —The Verve quarter will consist of five A-energy class terraced houses, totaling 60 apartments.
- —The first homes are scheduled for completion in 2027, with some sources indicating completion of the first units as early as next year.
- —The development emphasizes energy efficiency, integration with the natural environment, and privacy through its 'back-to-back' terraced house layout.
- —The project aims to offer compact and affordable homes suitable for families seeking a quieter, private living environment.
Recap
Invego's €18 million Verve project is a calculated move targeting the demand for sustainable, private, and affordable family housing in Estonia. The development's unique design and A-class energy rating are key differentiators, while the company's successful bond issues underscore its financial capacity to execute large-scale projects, reflecting robust investor confidence in its strategy.