Hepsor 3TORNI OÜ, subsidiary of Hepsor AS

Hepsor 3TORNI OÜ, a Hepsor AS group company, and Mitt & Perlebach OÜ signed a construction contract on August 25, 2022 for the construction of the Ojakalda Kodud development project on the Tallinn-Harku border. The value of the construction contract is approximately 14.1 million euros VAT. In view of the rapid increase in raw material prices and the general supply chain problems, the construction contract was signed as a permanent contract (Cost Plus Agreement).

The construction of the three-tower residential building with 101 spacious family apartments will be completed in spring 2024. The area is surrounded by several playgrounds and green areas. The three-tower residential building is close to Lake Harku, the Harku-Nõmme Health Trail and has easy access to the city center and other parts of the city, be it by public transport, bike or car.

According to Henri Laks, board member of Hepsor AS, the group is continuing to develop planned projects such as Ojakalda Kodud and Manufaktuuri Kavrtal, but is paying more attention to the risks involved in bringing new projects into the sale and construction phase.

Additional information:

For more information on the Ojakalda Kodud project, see https://hepsor.ee/ojakalda/en/.

Anneli Simm
Head of Investor Relations
Telephone: +372 5615 7170
Email: [email protected]

Hepsor AS (www.hepsor.ee) is one of the fastest growing residential and commercial real estate developers in Estonia and Latvia. In the last ten years, Hepsor has developed more than 1,400 apartments and 23,000 m²2 of commercial space. Hepsor was the first real estate developer in the Baltics to implement a number of innovative technical solutions that make the buildings we build more energy efficient and therefore more environmentally friendly. The company’s portfolio includes 25 developments with a total retail space of 176,000 m2.

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