The first 50 families to move into the €50 million Uus-Järveküla residential area

A third of the Uus-Järveküla residential area of more than 200 terraced homes and semi-detached homes that will cost approximately €50 million to develop is now complete. In the near future 50 families will move to their new home and, for the first time, also people who are still looking for a home can move into a new terraced house even tomorrow.

According to Kristjan-Thor Vähi, CEO of Invego, Invego decided to build more homes than have been pre-sold. “For the first time in the last dozen years we have a situation where the customer is no longer forced to buy a terraced home in its design phase, but can choose from among completed homes with finished interior decoration,” said Vähi.

“Uus-Järveküla is an integrated residential area for families who wish their home to be surrounded by nature, in the close proximity to the city and need more privacy than in an apartment house,” said head of Invego developments, adding that all homes will have a garden and a large terrace. Within a walking distance are stores, a school and kindergartens and the city is easily accessible by public transport and by car.

Uus-Järveküla residential area is being developed by Invego and the project’s financial partner is EfTEN United Property Fund, the real estate fund of EfTEN Capital. The residential area was designed by PIN Arhitektid and the general contractor is NOBE.

Invego is one of Estonia’s leading real estate development companies, which in recent years has developed over 1,100 homes and 20,000 square metres of commercial space in Tallinn and its environs. Among major developments, Invego recently completed its Tiskreoja and Tabasalu Kodu projects, and is now developing the Luccaranna residential area.