Citadele Bank

“Jasmine Garden” Residential Complex Has Been Commissioned in Jūrmala

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A new residential complex consisting of four buildings “Jasmine Garden”, located at Jasmīnu Street 10, Bulduri, Jūrmala, has been commissioned. The project developer is “LNK Properties”, which is a part of the “LNK Group” holding, the project author is Juris Mitenbergs – “AB3D” architectural bureau, the construction is being performed by SIA “Merks”.

The place, where just a year ago, one could see a huge construction pit, and where the foundation stone for the complex construction was solemnly laid, is now the location of four residential buildings. The project is interesting due to its original architecture. The project author is the recognised Latvian architect and the head of the “AB3D” architectural bureau Juris Mitenbergs. According to his concept, the “Jasmine Garden” complex is formed of four separate buildings, and, owing to that, all residential premises are filled with daylight. The new complex is located in Bulduri, 800 m from the sea. It can be regarded as another elite residential district located in the vicinity of the capital city. The project has already received awards of the International Real Estate Federation (FIABCI) – Baltic Prix d’Excellence, in 2016, in the Resort Real Estate: Residential Project nomination, and in 2017, in the Green Master nomination.

The developer of the “Jasmine Garden” project - “LNK Properties”, which is a part of the “LNK Group” holding, has invested EUR 7 million into the project; of this, 3.2 million is a borrowing from Citadele bank. “The residential complex in Bulduri, Jūrmala, is an excellent place of residence or investment object for those who value the charm and the original landscape of the resort town. It is located close to the beach and 600 m away from the Lielupe River, in the vicinity of conveniently reachable town infrastructure and public life, in a green and quiet place, allowing residents the opportunity to enjoy the beauty of all seasons in Latvia,” said Member of the Board of “LNK Properties” Aleksandra Strode. “There is constant demand for good real estate. This has to meet a number of certain criteria – a good location, high quality of construction and its total value must conform to the financial opportunities of the potential buyers. When real estate meets these requirements, a transaction is concluded. The “Jasmine Garden” project certainly fits into the aforementioned criteria, which is proven by the fact that 65% of its apartments have already been sold. The buyers are not only local residents, but also foreigners. A qualitative, well-thought-out house and a reasonable pricing — this is the key to the success of the “Jasmine Garden” project.”

In order to successfully fit into the Jūrmala housing nature, instead of one large building, four separate buildings have been built, which are not mutually connected overground, but have a common underground parking lot. This principle allows the complex to be discreetly arranged among the retained trees and create the environment appropriate for a resort, which can be evaluated by residents of both the town and the houses. Construction of the complex was performed according to the monolithic concreting method. The external façade resembles a substantial “pie”, which is formed of insulating materials and concrete and ensures a very low heat conductivity coefficient and, hence, high heat insulation. Two different materials have been applied in finishing of the buildings, with pre-aged wooden panels and herringbone high-quality tiles; more than forty of the trees available in the territory have been retained, including in the central part of the land plot – among the buildings. Any apartment resident can enjoy the surrounding environment from their balconies, and the top floor two-level apartment has a wide terrace available, with a beautiful resort town view. Lifts, storage premises and underground parking lots are arranged. The enclosed, landscaped area has playground and place for active recreation.

Every building has correspondingly 9 or 15 apartments, which grant the feeling of the so-called clubhouse. The apartments have a well-thought-out layout; their area is from 42 m2 to 100 m2. The apartments are provided with full finishing and equipped kitchens. It is possible to choose among three different interior designs.

About “LNK Properties”

“LNK PROPERTIES” is a developer of industrial, commercial, office and residential projects, further on to be leased out or sold in Latvia. The strategic goal of the company is to promote one of the key businesses of the holding “LNK Group”, which is development of the real estate. Read more about “LNK Properties”:

About the holding “LNK Group”

The holding “LNK Group” was founded in 1988. It comprises 18 group companies operating in three main business areas: construction and production (LNK Industries), aircraft engineering services, testing and maintenance (LNK Aerospace) and real estate development (LNK Properties). Read more about the holding “LNK Group”:

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