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.

“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 Department.

“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.

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.

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. Currently, more than 30% of Liepziedi second house apartments have been sold or reserved. More information about Liepziedi is available at

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