Blog
Mezaparka Nams Rebrands as Meira Garden
We’re excited to share a new chapter in the evolution of one of MJL Group’s key project developments - Mezaparka Nams has officially rebranded as Meira Garden.
On the Devon platform, two funding rounds for the project have already been completed. Located in Mežaparks, the greenest and most prestigious district in Riga, the capital of Latvia, the development features a 2,743 m² residential complex comprising two three-storey buildings, offering a total of 36 modern apartment units.
Initially known as Mezaparka Nams, the project carried this name throughout its first financing rounds, which focused on securing the land, refining the design, and preparing for development. The name reflected the original vision and planning approach created by the previous owner.
Now, with key milestones nearly complete - including the acquisition and re-registration of the company that holds the land, project rights, and building permits - the development is entering a new stage of maturity, and with it, a new identity.
“We’ve taken a major step forward. MJL Group has signed the purchase agreement, and all required documentation has been submitted to the Register of Enterprises of the Republic of Latvia,” says MJL Group CEO, Jānis Legzdiņš. “At the same time, we’ve refined the project to match our modular construction standards, as our affiliated company, Rebalt Modular Systems, will manufacture all structural modules for the buildings. The project has now taken on its true shape and scale - and we believe it’s the right moment also to introduce a brand that reflects this transformation.”
Enter Meira Garden - a name that embodies the spirit of the project and the lifestyle it offers. This rebranding emphasises calmness, balance, and harmony with nature. Designed as a peaceful urban retreat, Meira Garden invites residents to slow down, recharge, and enjoy life in one of Riga’s most serene settings.
🔗 Discover more about Meira Garden in the project presentation.
Meira Garden project presentationYou may like these articles
June 2025 / Devon operations overview
In June, MJL Enterprises advanced ongoing projects and expanded its portfolio with the addition of a new project, Barona 92. Construction activities continued across several sites, including Amber Park, Duntes Park, and Mežaparka Nams (now Meira Garden). Progress was also made in financing, design development, and sales preparation.
☀️ Cashback for more relaxing sunny days
As summer unfolds, Devon is launching a special cashback campaign to offer our lenders additional value, right when it’s most appreciated.
Midsummer break work schedule
Please note that due to the Midsummer holidays, our team will be operating with limited support and will pause payment processing on June 23–24.
ReBalt Modular Systems receives €570,000 to increase production capacity
The Latvian company ReBalt Modular Systems, specialising in timber modular construction for private homes and apartment buildings, has received €570,000 in financing from Swedbank. The funding is intended to support working capital and accelerate the progress of the company’s rental housing project in Jelgava.
May 2025 / Devon operations overview
May marked the first full month of operations for Devon, the MJL Enterprises funding platform, and we’re pleased to report strong results and promising growth across our projects and lender base.
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