Blog
Performance report. July
July marked the second month of Asterra Estate’s active operations, and the project continued to gain impressive traction in both investor engagement and construction progress. Lenders remained highly involved, contributing a total of €1.388 million in funding for Asterra Village projects during the month alone — a strong indicator of growing confidence in the development’s vision and potential.
On the ground, construction activities moved ahead at full speed. A total of six buildings have now entered the construction phase, with individual houses progressing through various stages of development. At the same time, groundwork began on the first of the planned Guest Houses — a thoughtfully designed complex that will feature multiple buildings, padel tennis courts, and a variety of leisure amenities aimed at enhancing the lifestyle within the Asterra Village community.
Platform key indicators
- Total funding available on the platform - €1,380,000
- Lenders joined - 188 (total active lenders - 450)
- New funding attracted - €1,388,759 (total funding - €2,719,541)
- Lenders' interest earned in the given month - €103,617 (total - €183,855)
- Average interest rate - 16.42%
Village project statuses
Brief status report on construction works in Asteres Village during July.
- Building permit for the Guest house project has been received. Additionally, for Draugu iela 1 and Draugu iela 14, work is in progress for obtaining a building permit.
- Construction work has commenced on five houses
- Draugu 8 and 13 – foundation construction completed
- Draugu 17 and 21 – land preparation and foundation construction are underway, construction of external utility networks completed
- Draugu 11 - installation of CLT and roof trusses
- Draugu 6 - installation of Estrich floors, underfloor heating system, and ThermoWhite floor insulation has been completed. Ceiling structure installation is ongoing. Final touches on facade works are in progress. Paving works have started.
- Manufacturing of one CLT building (Draugu 13) has started in the factory
- Active sales operations began in June, resulting in the first potential buyer visits to the Asteres village. Potential buyers’ visits to the Village also continued in July.
- Construction Materials Used:
- 346,5 tons of crushed stone delivered
- 59 cubic meters of concrete were used for building foundations
- 930 square meters of reinforcement mesh used
- 2,1 tons of reinforcement steel used
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March has been a whirlwind of activity at Asterra Estate. While we’ve been busy keeping the hammers swinging and the concrete pouring at Asteres Village, the real highlight happened on the platform itself. In March, we officially surpassed 1,000 active lenders! We love seeing our community grow. It’s a sign that our lenders believe in our vision, and we’re happy to have every single one of you on board. Here is a brief overview of how March went for us.
Easter Holiday schedule
As we celebrate this joyful holiday, we’d like to let you know that our team will be taking a short Easter break. From April 3 to April 6, response times may be a bit slower than usual. We’ll be back to full availability on April 7, ready to assist you as always. Thank you for your understanding, and we wish you a warm and happy Easter! 🌷
Strategic bank partnership to accelerate Asteres Village development
Asterra Estate has reached a strategic agreement with one of Latvia’s lead banks to support the refinancing of homes within the Asteres Village project. It’s a really positive sign for the work we’re doing at Asteres Village and a meaningful boost for the project’s future.