At Meira Garden, the final preparations before construction are now underway – which also means that apartment sales have already begun! Since we’ve received a number of questions about how the sales process is going, we’d love to share a bit more detail on how the apartments in this project will be sold.
The sales process for residential development projects in Latvia is usually time-consuming and often begins with pre-sales activities well before construction starts.
With this in mind, the Meira Garden (36 apartments) sales strategy is structured into several stages — each with a clearly defined focus, tailored marketing activities, and a carefully selected mix of communication channels. This structured approach allows us to effectively reach different client segments, maintain long-term interest, and ensure steady sales momentum throughout the entire project lifecycle.
Objective: Generate initial interest and establish a qualified client database.
Focus: Early reservation prices - the lowest price point offered during the entire project.
Activities:
Result: Establishment of an initial client base of 30+ potential buyers, serving as the foundation for subsequent sales communication.
Objective: Activate the sales process and drive reservations before the start of construction.Focus: Attractive pricing valid until construction begins, incentivising faster decision-making.Activities:
Result: Growth in reservation numbers and the conclusion of the first official transactions, with buyers motivated by pre-construction price advantages and confidence in project quality.
Objective: Sustain interest and attract new clients throughout the construction phase.Focus: Segmentation by apartment typology and communication of added value (kitchens included in the purchase price).Activities:
Additional Activity:
Result: Diversified client acquisition, informative content on financing opportunities, and segmented communication that builds stronger buyer trust and accelerates transactions.
Planned Offers:
Result: Effective completion of apartment sales and reinforcement of the project’s market reputation through differentiated value propositions.
The first month of autumn is behind us, and we continue to actively work on MJL Group’s projects and funding developments. September brought further progress across construction projects, alongside continued work on strengthening platform's legal and regulatory framework, including a positive legal assessment from KPMG Germany.
August was an important month for Devon, with progress across both the platform’s regulatory foundation and its underlying development portfolio. A key milestone was the publication of the KPMG Germany legal opinion, providing further clarity on Devon’s loan structure and its treatment under German regulatory requirements.
KPMG Germany has conducted a legal assessment of Devon’s loan structure and contractual framework under the applicable German regulatory requirements, with particular focus on whether Devon could be classified as conducting deposit-taking business. Below is a summary of KPMG’s general findings and regulatory conclusions.