Core Insights - Hepsor Jugla SIA has signed a construction contract valued at 8.2 million euros for the first phase of the Zaļā Jugla residential development project in Riga [1] - The first phase will include two apartment buildings with a total of 70 new homes and a sellable area of 4,262 m², expected to be completed by Q2 2027 [2] - The entire Zaļā Jugla project will consist of three apartment buildings totaling 105 homes and a sellable area of 6,393 m², with a total estimated cost of 15 million euros for both phases [3] Company Overview - Hepsor AS is a developer of residential and commercial real estate operating in Estonia, Latvia, and Canada, having completed 2,076 homes and nearly 36,300 m of commercial space over 14 years [5] - The company has implemented innovative engineering solutions to enhance energy efficiency in its buildings, contributing to environmental sustainability [5] - Hepsor has completed a total of 404 homes in Latvia, with 96% sold, and anticipates completing over 500 new homes in the coming years [4]