Major Construction Contract Signed by Hepsor Phoenix 4 OÜ
Hepsor Phoenix 4 OÜ, a notable subsidiary of Hepsor AS, recently solidified its commitment to urban development by signing a construction contract with Mitt & Perlebach OÜ. This exciting new project, known as M12, is set to transform Manufaktuuri 12 into a vibrant residential hub aimed at providing quality living spaces.
Significant Details of the M12 Development Project
The contract, valued at 7.0 million euros, focuses on constructing two state-of-the-art apartment buildings. These structures will consist of 49 well-designed apartments, collectively offering a saleable area of 3,090 m². The construction is anticipated to conclude in the latter part of 2026, marking the start of a new chapter in the development of this area.
Commitment to Sustainability
Residents can look forward to living in Class A energy-efficient buildings, which are a testament to modern architectural innovations. The design incorporates sustainable solutions such as smart home systems, electric vehicle charging points, solar panels, and designated storage areas for bicycles and strollers. These features align with a growing trend towards eco-friendly living while minimizing overall living expenditures.
A Significant Milestone for the Manufaktuuri Quarter
Mihkel Mäger, the Country Manager of Hepsor Estonia, expressed enthusiasm about this project, noting, "The signing of our construction contract brings us one step closer to revitalizing the Manufaktuuri quarter. We aim to harmoniously merge modernity with the area's historical essence, creating homes that celebrate its rich narrative while catering to contemporary living standards. The groundbreaking will occur as early as July 2025, setting the stage for significant changes."
Progress in the Manufaktuuri Quarter
M12 is not Hepsor's first venture into the revitalization of the Manufaktuuri quarter; it is the fourth collaborative effort with the Tolaram Group. To date, a total of 421 homes have been successfully completed in earlier projects such as Sitsi Õunaaed and M7, with an impressive 96% of these sold. Looking ahead, plans are already in motion to commence construction in the third quarter of 2025 for phase one of the Manufaktuuri Factory project, which will introduce an additional 152 homes.
Connecting with Hepsor
For those interested in more information about the M12 project and Hepsor's innovative approach to real estate development, you can reach out to Henri Laks, a dedicated member of the Management Board. He is available via the contact number +372 5693 9114 or via email at henri@hepsor.ee.
Frequently Asked Questions
What is the M12 project?
The M12 project is a development initiative to build two energy-efficient apartment buildings comprising 49 apartments at Manufaktuuri 12.
Who is responsible for the construction?
The construction contract has been signed with Mitt & Perlebach OÜ, a reputable construction company.
When is the construction expected to be completed?
Construction is expected to be completed in the second half of 2026, with groundbreaking set for July 2025.
What sustainable features will be included in the apartments?
The buildings will offer smart home systems, electric vehicle charging stations, solar panels, and storage solutions for bicycles and strollers, promoting a green lifestyle.
How many homes has Hepsor developed so far?
Hepsor has developed a total of 2,076 homes and approximately 36,300 m² of commercial real estate during its 14 years of operation.
