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's activity report 2022

Kiili Home Quarter LLC was established on 01.11.2021.

The main activity of Kiili Home Quarter LLC is real estate development.

In Kiili municipality, a residential quarter with 176 housing units is being developed on a 12.5-hectare property. The construction of roads and pipelines was completed in the summer of 2021.

The construction of the first apartment buildings began at the end of 2021. The apartment buildings will be completed in the first quarter of 2023. The second stage consists of gallery-type apartment buildings, which will be completed in the second quarter of 2023, and the third stage includes terraced houses, which will be completed in 2024.

As of 31.12.2022, 90% of the apartments to be completed in 2023 were reserved and/or covered by real estate sales contracts.

According to the management, by the end of the first half of 2023, the net assets required by the Commercial Code will be restored with the sale of apartments.

Kiili Home Quarter LLC is still an operating company.