Hepsor AS subsidiary sold 20 apartments and Hepsor AS acquires a 100% ownership stake in Hepsor 3Torni OÜ
Globenewswire·2025-05-12 04:00

Group 1 - Hepsor AS subsidiary Hepsor 3Torni OÜ sold 20 apartments in the Ojakalda Kodud development project for four million euros, excluding VAT, under market conditions [1] - The average price per square meter of the sold apartments matched the pricing level of comparable units previously sold in the same development [1] - Hepsor 3Torni OÜ will continue to sell the remaining 20 apartments in line with the original development project strategy [2] Group 2 - Hepsor AS acquired an additional 49% stake in Hepsor 3Torni OÜ from Artex KV OÜ for 1,225 euros, making Hepsor AS the sole owner of the subsidiary [3] - The Ojakalda Kodud development project includes three completed apartment buildings with a total of 101 apartments, of which 61 have already been sold [2] - Hepsor AS has developed 2,076 homes and nearly 36,300 square meters of commercial space over its fourteen years of operation [3]