Hepsor AS subsidiary acquired new property in Riga
25 July 2024 - 5:00AM
UK Regulatory
Hepsor AS subsidiary acquired new property in Riga
On July 18, 2024, the subsidiary of Hepsor AS, Hepsor E18 SIA,
acquired a property in Riga, Eiženijas iela 18. The
development will include two apartment buildings with a total of 54
apartments and a total sellable area of 2,800 m². Construction will
begin in the third quarter of 2025.
In addition to this, Hepsor has other
residential developments in Riga - Nameja Rezidence
(https://hepsor.lv/namejarezidence/home/?=eng) with 38 apartments
will be completed in the third quarter of 2024, and the Annenhof
Majas (https://hepsor.lv/annenhofmajas/en/) with 40 apartments is
scheduled for completion in early 2025. With the addition of this
new development, Hepsor’s residential development portfolio in Riga
will total 242 homes.
Henri Laks
Member of the Management Board
Phone: +372 5693 9114
e-mail: henri@hepsor.ee
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Hepsor AS (www.hepsor.ee) is one of the fastest growing
residential and commercial real estate developers in Estonia and
Latvia, operating also in the Canadian real estate market
since 2023. Over the last thirteen years Hepsor has developed more
than 1,600 homes and 36,000 m2 of commercial space. Hepsor was
the first real estate developer in the Baltic States to implement
several innovative engineering solutions that make the buildings we
construct more energy-efficient and thus
more environmentally friendly. The
company's portfolio is comprised of 24 development projects with a
total sellable space of 171,000 m2.