Core Insights - Hepsor Jugla SIA has signed a loan agreement for €8.4 million with BluOr Bank AS to finance the Zaļā Jugla residential development project [1] - The first phase of the project will include the construction of two apartment buildings with a total of 70 apartments and 4,262 m² of sellable area, expected to be completed by Q4 2026 [2] - The overall Zaļā Jugla project plans to construct three apartment buildings with a total of 105 apartments and 6,393 m² of sellable area, with an estimated total cost of €15 million for both phases [2] Company Overview - Hepsor has completed 404 homes in Latvia, with a 97% sales rate, and anticipates completing over 500 new homes in the coming years [3] - The company has developed a total of 2,076 homes and nearly 36,300 m² of commercial space over its fourteen years of operation [3] - Hepsor operates in Estonia, Latvia, and Canada, and has implemented innovative engineering solutions to enhance energy efficiency and environmental sustainability in its buildings [3] - The company's portfolio consists of 25 development projects covering a total area of 178,200 m² [3]