Hepsor AS and EfTEN Special Opportunities Fund’s joint venture Hepsor SOF OÜ acquired two new properties at Lasnamäe

Group 1 - Hepsor AS and EfTEN Special Opportunities Fund's joint venture, Hepsor SOF OÜ, acquired properties at Narva mnt 150 and 150a for EUR 6.3 million, generating a profit of EUR 2.8 million for Hepsor, with EUR 1.4 million realized in Q3 2025 [1] - The acquisition is part of a larger cooperation project in Lasnamäe, Tallinn, which includes the construction of approximately 300 homes and some commercial premises, with the first construction stage set to begin in 2026 [2] - Hepsor has completed the Paevälja courtyard houses project in the same area, building 100 new homes, and plans to construct around 500 new homes and 4,200 m² of commercial space in the broader development area [3] Group 2 - Recent approvals for detailed plans in December 2024 and May 2025 will enable Hepsor to build an additional 400 homes in the development area [4] - The Lasnamäe district is one of the most densely populated residential areas in Estonia, with low development competition, making the project strategically important for Hepsor [5] - The partnership with EfTEN is expected to enhance the quality of life in Lasnamäe and strengthen Hepsor's capital structure, leveraging EfTEN's experience in property investment [6]