Blog

March 27, 2025

1 min

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.

It is planned that by mid-April, all five floors of the first building will be assembled, and the roof will be installed. Foundation work for the second apartment building will begin soon, with the modular structures for the first floor scheduled to be installed in mid-May.

Last week, the Ministry of Economics revised the income thresholds for renting apartments, allowing residents with higher average incomes than before to qualify for apartments in rental buildings. You can find more information on the Jelgava City Council website -> TO COUNCIL WEBSITE

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Devon is excited to kick off its platform with a limited-time offer for the first lenders. Our Early Bird Cashback gives you +3% instant payout on all your funding amounts made until June.

April 18, 2025

9 min

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.

March 27, 2025

2 min

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).

March 25, 2025