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The subsidiary of Hepsor AS, Hepsor Phoenix 4 OÜ, has signed a construction contract for the development of apartment buildings at Manufaktuuri 12
Globenewswire· 2025-07-10 05:00
Core Insights - Hepsor Phoenix 4 OÜ has signed a construction contract for the M12 development project in Tallinn, valued at 7.0 million euros, with completion expected in the second half of 2026 [1][3] - The M12 project will feature two apartment buildings with a total of 49 apartments and a saleable area of 3,090 m² [1] - The development emphasizes energy efficiency and sustainability, incorporating smart home systems, electric vehicle charging, solar panels, and storage for bicycles and strollers [2] Company Developments - The M12 project is the fourth collaboration between Hepsor and the Tolaram Group in the Manufaktuuri quarter, following the completion of 421 homes in previous projects, with 96% sold [4] - Construction for the first phase of the Manufaktuuri Factory project, which will add 152 new homes, is planned to start in the third quarter of 2025 [4] - Hepsor AS has developed 2,076 homes and nearly 36,300 m² of commercial space over 14 years, and is recognized for implementing innovative engineering solutions for energy efficiency [4]
Arco Vara launches construction of two new development projects
Globenewswire· 2025-06-30 13:00
Following the issuance of the building permit, Kodulahe Kvartal OÜ is launching the construction of the seventh phase of the Kodulahe quarter at Soodi 6, Tallinn. The project includes the construction of three apartment buildings with a total of 62 apartments (ranging from 1 to 5 rooms) and commercial premises with a total area of 263 m². The net sellable area of the apartments is 4,270 m². The expected total revenue of the development is approximately 16 million euros. The buildings are scheduled for compl ...