Real Estate Lease Dispute
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The court has recognised the damages claim of Hepsor’s affiliated company, Hepsor P113 OÜ, against a former tenant in the amount of EUR 6,090,257.27
Globenewswire· 2025-12-30 06:00
Core Viewpoint - Hepsor P113 OÜ has successfully claimed damages against Novel Clinic Assets OÜ amounting to EUR 6,090,257.27, following the termination of a lease agreement due to repeated breaches by the tenant [1][4]. Group 1: Lease Termination and Legal Proceedings - The lease agreement with Novel Clinic Assets OÜ was terminated on 4 September 2023 due to material and repeated breaches of lease terms [2]. - Novel Clinic Assets OÜ contested the termination and sought reinstatement of the lease, damages, and return of property left on the premises [2]. - Hepsor P113 OÜ filed a counterclaim for damages caused by the early termination of the lease agreement [3]. Group 2: Bankruptcy and Court Decisions - On 4 December 2024, Novel Clinic Assets OÜ was declared bankrupt, with the decision finalized on 11 February 2025 [3]. - The court approved the list of creditors on 19 December 2025, confirming Hepsor P113 OÜ's right to terminate the lease and accepting its damages claim as a first-ranking claim [4]. - The entire claim is secured by the landlord's statutory lien over the property left by Novel Clinic Assets OÜ [5]. Group 3: Company Overview - Hepsor AS is a developer of residential and commercial real estate operating in Estonia, Latvia, and Canada, with a portfolio of 25 development projects totaling 178,200 m² [5]. - The company has created 2,003 homes and nearly 44,787 m² of commercial space over fourteen years, implementing innovative engineering solutions for energy efficiency [5].