Hepsor to start construction of 13-storey residential building ‘360° Dzelzavas Residences’ in Purvciems, Riga

Group 1 - Hepsor Latvia OÜ and INTH Vara OÜ signed a shareholder agreement to construct a 13-storey residential building in Riga, with a total investment of approximately EUR 15 million [1] - Hepsor Latvia OÜ will acquire a 50% stake in the project for EUR 174,000, and the building will feature 103 apartments ranging from 38 to 125 m² [1][2] - The residential building will include modern architecture, energy efficiency class A+, and various amenities such as parking spaces, electric car charging infrastructure, and children's playgrounds [2][3] Group 2 - The Purvciems area, where the building will be located, has a population of around 52,000 and is noted for its development potential due to its convenience and accessibility [3] - Hepsor has developed around 400 apartments in Latvia, with a 95% sales rate, and plans to complete an additional 262 apartments in the coming years [3] - Hepsor AS operates in Estonia, Latvia, and Canada, having created 2,076 homes and nearly 36,300 m² of commercial space over 14 years [4]