SIA Hepsor E18, a subsidiary of Hepsor AS Group, enters into a construction contract for the residential development project “Ķiršu kalna mājas” in Riga

Core Insights - Hepsor AS Group's subsidiary, SIA Hepsor E18, has signed a construction contract valued at EUR 5.25 million for the residential project "Ķiršu kalna mājas" in Riga [1] Group 1: Project Details - The development consists of two residential buildings with three above-ground floors and one underground floor, totaling 54 apartments ranging from 37.3 m² to 79.7 m² [2] - The total gross building area (GBA) of the project is 4,040 m², including 46 parking spaces and 35 storage rooms [2] Group 2: Sustainability and Features - The project adheres to Hepsor's sustainable and energy-efficient development principles, achieving energy efficiency class A+ [3] - Apartments will feature heat recovery ventilation systems and underfloor heating [3] Group 3: Amenities and Sales Status - The development includes a landscaped courtyard with a children's playground, outdoor fitness area, private terraces for ground-floor apartments, bicycle parking, and readiness for electric vehicle charging [4] - As of the contract signing, 38% of the apartments have been reserved or pre-sold [4] Group 4: Company Overview - Hepsor has completed 404 homes in Latvia, with a 98% sales rate, and expects to complete over 500 new homes in the coming years [5] - The company has developed more than 2,000 homes and over 36,000 m² of commercial space, being a leader in innovative engineering solutions for energy efficiency in the Baltic States [5]