"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).
Among 149 nominated projects from across the country, Villa Astor stood out and received a nomination in one of the most prestigious categories – New Residential Building.
This recognition reflects our commitment to high-quality architecture, thoughtful design, and sustainable development. Villa Astor is more than just a building – it is a harmonious blend of modern elegance and the serene atmosphere of Jūrmala, created to enhance the living experience of its residents.
The Latvian Construction Annual Award (Latvijas Būvniecības Gada balva) is one of the most significant and respected awards in the construction and real estate industry in Latvia. Organized by industry associations and supported by public institutions, the award highlights excellence in architecture, engineering, and construction. It brings together top developers, architects, and builders, recognizing projects that demonstrate innovation, sustainability, and outstanding quality. Being nominated is already a mark of excellence – receiving recognition in this competition is a true honor.
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.
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.
We’re excited to announce that our Early Bird Cashback campaign has been extended and will continue running until June 30, 2025.
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.
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.
On April 17, 2025, Viktors Valainis, the Minister of Economics of the Republic of Latvia, visited Tukums Municipality as part of a regional tour.
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.
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.
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