Hepsor AS Strengthens Position in Real Estate Market
Hepsor AS, a prominent player in the real estate development sector, has made headlines with its recent transactions involving its subsidiary, Hepsor 3Torni OÜ. This venture showcases the company's strategic maneuvers as it continues to thrive in a competitive landscape.
Significant Sale in Ojakalda Kodud Development
In an impressive move, Hepsor 3Torni OÜ completed a deal for 20 apartments located within the Ojakalda Kodud development project. The agreement, forged on April 30, 2025, was transacted with Artex KV OÜ and amounted to four million euros, not including VAT. This sale aligns with market conditions, reflecting an average price per square meter consistent with recent sales in the same area.
Continuing Development Strategies
Despite this sale, Hepsor 3Torni OÜ remains committed to its development goals, with plans to enhance its project by selling the 20 remaining apartments. This strategy underscores the ongoing demand for quality living spaces within the market.
Successful Completion of Ojakalda Project
The Ojakalda Kodud project has shown robust progress, with three residential buildings now completed and a total of 101 apartments developed. Remarkably, 61 of these homes have already found new owners, reflecting Hepsor's effectiveness in meeting housing needs.
Expanding Ownership in Hepsor 3Torni OÜ
In addition to the apartment sales, Hepsor AS is expanding its influence by acquiring a complete 100% ownership stake in Hepsor 3Torni OÜ. This acquisition involved obtaining an additional 49% share from Artex KV OÜ for a nominal fee of 1,225 euros. As a result, Hepsor AS is now the sole owner of its subsidiary.
Hepsor AS: A Leader in Real Estate Development
Hepsor AS, operating under the ticker Tallinn:HPR1T, is a notable name in residential and commercial real estate development. The company is active not only in Estonia but also in Latvia and Canada, showcasing its extensive reach.
With fourteen years of experience, Hepsor has delivered impressive numbers—having developed 2,076 homes and nearly 36,300 square meters of commercial space. Being a frontrunner in the Baltic countries, Hepsor integrates innovative engineering solutions within its projects to enhance energy efficiency and environmental sustainability.
Commitment to Sustainable Development
Hepsor AS has focused on creating buildings that are not only aesthetically pleasing but also environmentally responsible. The company is dedicated to improving energy efficiency in its properties, a commitment that resonates well with modern sustainability trends.
Conclusion: Looking Ahead
As Hepsor AS continues to expand its portfolio and enhance its operations, the real estate market is undoubtedly watching with keen interest. The strategic sale of apartments and the complete acquisition of Hepsor 3Torni OÜ position the company for future growth and success.
For further inquiries, reach out to:
Henri Laks
Member of the Management Board
Phone: +372 5693 9114
Email: henri@hepsor.ee
Frequently Asked Questions
What properties is Hepsor AS currently developing?
Hepsor AS is focused on developing residential and commercial real estate across Estonia, Latvia, and Canada.
What is the significance of the Ojakalda Kodud project?
The Ojakalda Kodud project is notable for its completion of three apartment buildings and the sale of over half of its units.
How has Hepsor AS addressed sustainability?
Hepsor AS implements innovative solutions in its developments which enhance energy efficiency and promote environmental sustainability.
What recent changes have occurred with Hepsor 3Torni OÜ?
Hepsor AS has acquired a 100% ownership stake in Hepsor 3Torni OÜ, enhancing its control over the subsidiary.
How can I get in touch with Hepsor AS for inquiries?
You can contact Henri Laks at +372 5693 9114 or via email at henri@hepsor.ee.
