Blog
Latvia’s first 5-story wooden modular building assembled in Jelgava
We’re excited to announce that the modular units for the first building in our Jelgava project have been successfully assembled. This marks a significant milestone, as we are proud to be the first in Latvia to build a five-storey wooden modular building — a true innovation in construction.
Early Bird +3% Cashback - Extended!
We’re excited to announce that our Early Bird Cashback campaign has been extended and will continue running until June 30, 2025.
First 3 Weeks Results: 260 Lenders & €1.35M Funded
Devon is proud to share its first results three weeks after launching operations. In just 20+ days, 260 active lenders have joined Devon - a strong signal of interest and trust in our model. Our community has already funded €1,350,000 in real estate projects owned and managed 100% by MJL Enterprises Group.
Telegram chat for lenders available
The first two weeks of Devon’s launch have shown strong interest from the real estate lending community, with over 400 lenders registering on the platform. In response to this growing engagement, we’ve launched a Telegram chat dedicated to fast, open, and direct communication with our lenders.
Minister of Economics visits Rebalt Modular Systems
On April 17, 2025, Viktors Valainis, the Minister of Economics of the Republic of Latvia, visited Tukums Municipality as part of a regional tour.
Meet Devon: experience you can rely on
Nowadays, there are many ways for individuals and companies to allocate their funds and thus make a profit. For many of us, real estate remains one of the most reliable asset classes. A new platform has been launched - Devon - which is part of MJL Enterprises Group, a real estate developer with roots dating back to 1993.
Villa Astor Nominated for New Residential Building of the Year
We are truly proud and delighted to share that our project Villa Astor, located at Pumpuru iela 3A in Jūrmala and developed by MJL Development, has been highly recognized at the Latvian Construction Annual Award (Latvijas Būvniecības Gada balva).
Construction of the second rental building to begin; Ministry of Economics raises income thresholds for apartment rentals
Construction of rental apartment buildings continues actively at 54 Ganību Street, Jelgava. Currently, modular structure assembly is underway for the second half of the first building, along with the construction of the staircase and installation of internal engineering communications.
Low-Rent Housing Projects Underway in Six Latvian Cities (video)
A time capsule was sealed into a new modular apartment building in Jelgava — part of a first-of-its-kind project in Latvia. Watch the video about this milestone event