Project Update: Silāju Street 3 Construction Near Completion — Encouraging Sales Updates

With Phase 4's engineering and internal works now complete, the project has moved into its final stage: finishing and handover. For legal reasons — a heavy workload at the local building authority — and due to unfavourable weather conditions, handover of the Silāju iela project has taken a little longer than originally planned. The good news is that progress on the sales side is well underway: the first house has already been sold, and the new owner has moved in personal belongings and is now waiting on kitchen installation. For the second house, the prospective buyer has already signed a bank loan agreement and is completing the final formalities of the purchase.

On site, all remaining interior works are expected to be finished within the coming days, and — weather permitting — the remaining exterior works will follow: construction of the carport/car shelter, along with final cleaning and landscaping works.

Timeline: 15 July 2026 – 1 September 2026

Funding allocation: 10% (€46,651)

Scope:

• Final finishes

• Stair installation

• Tiling

• Bathroom equipment

• Landscaping

• Handover preparation

Verification:

• Final quality inspection

• Landscaping completion confirmation

• Handover readiness verification

Outcome: Completed turnkey residential units ready for sale.