Blog
Asterra October performance overview
In October, we continued steady development activity at Asteres Village, with construction progressing on multiple residential buildings and supporting infrastructure. Work progressed on six houses and a guest house, and preparation work continued in the Phase Two territory. In addition, production of one CLT building was completed at the factory.
The month also saw ongoing interest from potential buyers through on-site visits. Looking ahead, the demo house will be opened in mid-November, marking an important step in the sales process and offering potential buyers the opportunity to explore the village concept and building quality firsthand.
On the Asterra platform, funding activity remained stable and aligned with village development needs, supporting the project's long-term progress.
Platform key indicators
- Total funding available on the platform - €500,000
- Lenders joined - 88 (total active lenders - 680)
- New funding attracted - €702,141 (total funding - €4,300,950)
- Lenders' interest earned in the given month - €79,904 (total - €373,157)
- Average interest rate - 16.12%
Village project statuses
Brief status report on construction works in Asteres Village during October.
- Construction work has commenced on six houses, one guest house, and on phase two territory.
- Draugu 6 - various indoor works - sanding and painting of CLT panels, tiling and waterproofing works, completed designer floor installation. Fence construction is still in progress.
- Draugu 8 - underfloor heating was installed, dry concrete (Estrich) was laid, and house insulation works were done. Installation of vertical and horizontal battens was completed.
- Draugu 11 - completed electrical installation and facade installation; also completed building drywall partitions. Landscaping and gardening works were done.
- Draugu 13 - CLT assembly work is complete, and roof trusses have been installed, along with vapour barrier insulation.
- Draugu 17 - completed installation of CLT and roof frame assembly
- Draugu 21 - foundation works completed. Built a driveway.
- Asteru 2 - The building permit is in the approval process. Construction works have not yet started.
- Guest house - the old building has been demolished, and foundation work of the new building has started.
- Phase 2 - approximately 20,000 m³ of sand have been excavated from the small lake/quarry within the village
- Manufacturing of one CLT building (Draugu 21) has been completed in the factory.
- Active sales operations continue, resulting in potential buyers visiting the Village.
- Construction Materials Used:
- 52,9 tons of crushed stone delivered.
- 9 cubic meters of ready-mix concrete were used for building foundations.
- 18 cubic meters of sand were delivered.
You may like these articles:
Asterra Estate January performance overview
January was a solid start to the year for Asterra Estate, with continued engagement from our lender community and, as always, visible progress across the village. Platform activity remained steady, with 84 new lenders joining and ongoing funding supporting the next stages of village development. At the same time, construction continued across multiple houses, with several buildings advancing through facade, interior, and structural stages.
A Perfect Match: Valentine’s Specials on Asterra
The recently concluded holiday campaign demonstrated that investing with Asterra Estate can go beyond the numbers. One lucky lender and their chosen +1 will soon visit Asteres village, meet the team, and see the project that is shaping a new community in Latvia. The year has also started very actively. The company’s 2026 business plans show that construction at Asterra Village will continue at a strong pace in Stages 1 and 2, and that a CLT & GLT production plant is planned to be built and to start operations later this year. To support these business growth plans, we are organising the “Perfect Match” campaign.
Asterra December performance overview
December was a productive month for Asterra Estate. Alongside consistent platform activity, the community continued to grow— over the past seven months, Asterra Estate has reached more than 700 loyal lenders, with more than €5 million committed to the project. During the month, we also activated the Early Exit option for the first projects, giving investors greater flexibility, and shared plans to expand beyond residential development with a CLT & GLT production factory to support more efficient construction and long-term growth.