Hepsor AS Seals Major Property Deal Worth 2.9 Million Euros
Recently, Hepsor AS took an exciting step forward by signing a sales agreement with Pihlamaa AS concerning Hotell L4 OÜ. This agreement signifies the acquisition of shares and also includes the assignment of claims. The evaluated debt-free worth of this transaction stands at 2.9 million euros, although it's important to note that the company’s debt obligations, totaling around 1.3 million euros, will be deducted as part of the agreement.
Details of the Property Transfer
The focus of this transaction is a prime commercial property situated at Lembitu 4, in the heart of Tallinn. Spreading across an area of 1,282 m², this location boasts an existing detailed plan alongside a building permit, allowing for the construction of a hotel. This strategic acquisition reinforces Hepsor's commitment to enhancing its real estate portfolio in vibrant urban areas.
Advancing Real Estate Initiatives
Hepsor AS is well-established in the residential and commercial property market, demonstrating significant expertise over the years. Expanding their market presence in Canada while solidifying operations in the Baltic region, the company has successfully developed more than 2,076 homes along with 36,500 m² of commercial space. The recent acquisition comes as part of Hepsor's vision to innovate within the real estate industry, as they continue to embrace forward-thinking approaches that promote sustainability.
The Vision Behind Hepsor's Growth
The company aspires for its developments to not only meet present demands but also set benchmarks for energy efficiency and environmental friendliness in the construction sector. This vision is highlighted by Hepsor’s impressive portfolio of development projects, which currently includes 25 active developments amounting to a total sellable area of 175,000 m². Hepsor AS has even been recognized as the pioneering developer in the Baltic States for adopting advanced engineering solutions that optimize energy usage in new buildings.
Contact Information
For any inquiries or additional information regarding Hepsor AS's projects, Henri Laks, a member of the Management Board, is available for contact. Interested parties can reach him at +372 5693 9114 or via email at henri@hepsor.ee.
Frequently Asked Questions
What is the value of the property sold by Hepsor AS?
The property was valued at 2.9 million euros in the sales agreement.
What type of property is involved in this transaction?
It is a commercial property with plans for a hotel at Lembitu 4 in Tallinn.
How does Hepsor AS contribute to sustainability?
Hepsor AS implements innovative engineering solutions to enhance energy efficiency in their constructions.
What is the focus of Hepsor's ongoing projects?
Hepsor focuses on developing residential and commercial properties across Estonia, Latvia, and Canada.
Who can be contacted for more information on Hepsor AS?
Henri Laks is available for inquiries at +372 5693 9114 or via email at henri@hepsor.ee.
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