Hepsor Begins Construction of Modern 360° Dzelzavas Residences
Hepsor Embarks on a New Residential Project
In an exciting development, Hepsor Latvia OÜ, a key subsidiary of Hepsor AS, has officially announced plans to construct a remarkable 13-storey residential building, named 360° Dzelzavas Residences. This project is set to transform the skyline in Riga, showcasing modern architecture coupled with a commitment to sustainability.
Investment and Project Details
Hepsor will acquire a 50% stake in the newly labeled Hepsor Dz74c SIA, previously known as Laba m?ja centr? SIA. This strategic partnership comes with a financial commitment of EUR 174,000, contributing to the total project investment, which is projected to be around EUR 15 million. This substantial investment reflects Hepsor's dedication to enhancing residential offerings in the area.
Features of 360° Dzelzavas Residences
The upcoming structure is designed to be environmentally friendly, boasting an impressive energy efficiency class of A+. With a total of 103 apartments varying in size from 38 to 125 square meters, the building is expected to appeal to a diverse range of potential residents. Notably, 12 apartments have already been reserved prior to the official commencement of construction, showcasing strong demand.
Amenities Designed for Modern Living
This innovative residential building will not only provide stylish living spaces but will also cater to practical needs. It will feature 76 parking spaces equipped with electric vehicle charging stations, as well as 54 storage units. Furthermore, to promote an active lifestyle, the property will include dedicated storage for bicycles and prams, children's playgrounds, and exercise areas. The landscaping will be aesthetically pleasing, complemented by a shared roof terrace that offers stunning, panoramic views of Riga.
Community Impact and Potential
According to Martti Krass, the country manager for Hepsor Latvia, Purvciems is notably the most densely populated district in Riga, housing approximately 52,000 residents. The area is recognized for its significant development potential, combining convenience, affordability, and accessibility. With excellent infrastructure in place and proximity to vital services and community institutions, Purvciems is positioned as an ideal living space for families, young professionals, and the elderly alike.
Hepsor’s Growth and Future Plans
Hepsor has a proven track record, having developed around 400 apartments in Latvia, with an impressive 95% of these already sold. Looking forward, the company has plans to complete an additional 262 apartments over the coming years, solidifying its commitment to meeting the needs of the local housing market. Noteworthy is the stock ticker for Hepsor on the Tallinn Stock Exchange, which is HPR1T, indicating its continual market presence and growth aspirations.
Conclusion
The initiation of the 360° Dzelzavas Residences project by Hepsor Represents a significant step towards enhancing residential options in Riga. With a focus on modern design, energy efficiency, and community benefits, this project is set to become a sought-after destination for those seeking quality living standards in the heart of the city.
Frequently Asked Questions
What is the 360° Dzelzavas Residences?
The 360° Dzelzavas Residences is a new 13-storey residential building designed for modern living, featuring 103 apartments with energy-efficient designs.
What investment is associated with this project?
The total investment for the 360° Dzelzavas Residences is approximately EUR 15 million, with Hepsor acquiring a 50% stake in the project.
How many apartments will be available?
There will be 103 apartments ranging in size from 38 to 125 square meters in the new building.
What kind of amenities will the building have?
The building will offer parking spaces, electric vehicle charging, storage units, playgrounds, exercise areas, and a rooftop terrace with panoramic views.
What is Hepsor's overall impact on the housing market?
Hepsor has developed around 400 apartments, achieving 95% sales, and plans to complete 262 more, significantly impacting the local housing market
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