Market announcement

Hepsor AS

LEI code

254900NNCQC3L9WR9P45

Size of the entity

Medium group

Economic activities

Professional, Scientific and Technical Activities

Industry sector(s)

Alternative Investment Fund Manager

Country of registered office

Estonia

General information

Categories

Other corporate action

Unique data record identifier

10365

Submission date and time

22.05.2023 07:00:00

Content of announcement in Estonian

Title

Hepsor sõlmis 5,2 mln euro väärtusega lepingu Riias valminud ärihoone müügiks

Message

Hepsor  AS-i tütarettevõte Hepsor Latvia OÜ  sõlmis 10. mail 2023 Hepsor U30 SIA
osade  müügilepingu  East  Capital  Real  Estate IV kinnisvarafondiga. Tehinguga
kokkulepitud   ettevõtte   võlavaba   väärtus  on  5,2 miljonit  eurot,  millest
arvestatakse   maha   ettevõtte   võlakohustused,   sealhulgas   pangalaenud  ja
omanikelaenud.  Hepsor  U30  SIA  omab  Riias  aadressil Ulbrokas iela 30 asuvat
kinnistut,  millel paikneb Hepsor poolt  arendatud 3 642 m(2) üüripinnaga stock-
office tüüpi ärihoone nimega StokOfiss U30. StokOfiss U30 on multifunktsionaalne
kolm-ühes  lahendusega ärihoone, mis võimaldab  ettevõtel ühel rendipinnal omada
müügisaali, kontorialasid ja laoruumi.

StokOfiss  U30 on 100% välja üüritud  alates hoone valmimisest 2022. a oktoobris
ja ärihoone ankurüürnikuks on rahvusvaheline kosmeetika jaemüüja Douglas. Hepsor
U30  SIA  osade  müük  on  Hepsor  grupi esimene ärihoone müügitehing Lätis ning
ühtlasi ka grupi esimene ärihoone arendus selles riigis.

Hepsor ASi juhatuse liige Henri Laks ütles: ?Ärikinnisvara turu tehinguaktiivsus
Baltikumis  on tänase seisuga suhteliselt madal ning seda enam on põhjust uhkust
tunda,  et  meil  on  õnnestunud  arendada  atraktiivne ärihoone, mis pakub head
tootlust nii meile müüjatena kui ka kogenenud varahaldusettevõttele East Capital
Real  Estate ostjana. Oleme rahul, et grupi tegevuse laienemine Läti turul läheb
edukalt-  viimastel aastatel  toimunud tempoka  kasvu tulemusena  ulatuvad grupi
arendusmahud  Lätis  juba  71 100 m(2)-ni  ning  on  peagi  järgi  jõudmas Eesti
arendusportfelli mahtudele, mis püsivad 90 400 m(2) juures."

Hepsor  jätkab  stock-office  tüüpi  ärihoonete arendamist Riias naaberkinnistul
aadressiga  Ulbrokas  iela  34 asuva  StokOfiss  U34  projektiga.  StokOfiss U34
üüripinnaks  on  planeeritud  8 690 m(2)  ning  hetkel on käimas arendusprojekti
projekteerimine.    Sarnaselt    eelnevale    projektile    sisaldab   see   nii
kaubanduspindasid,  kui  büroo-  ja  laoruume  ning  hoone arendatakse lähtuvalt
rohelise  mõtteviisi kontseptsioonist. Hepsor  on rakendanud rohelise mõtteviisi
kontseptsiooni  Eestis nelja büroohoone puhul ning see on end hästi tõestanud ja
seetõttu nähekase antud lähenemisele suurt perspektiivi ka Lätis.


Henri Laks
Juhatuse liige
Telefon: +372 5693 9114
e-post: [email protected] (mailto:[email protected])


Hepsor  AS  (www.hepsor.ee)  on  üks  kiiremini  kasvavaid  elu-  ja ärikondliku
kinnisvara  arendajaid Eestis  ja Lätis.  Kaheteistkümne tegutsemisaasta jooksul
oleme loonud üle 1500 kodu ja 32 000 m(2) äripinna. Hepsor on esimese arendajana
Balti  riikides rakendanud mitmeid uuenduslikke insener-tehnilisi lahendusi, mis
muudavad    ettevõtte   rajatavad   hooned   energiasäästlikumaks   ja   seeläbi
keskkonnasõbralikumaks.   Ettevõtte   portfellis   on  kokku  24 arendusprojekti
kogupindalaga 161 000 m(2).

Content of announcement in English

Title

Hepsor signed a contract worth EUR 5.2 million for the sale of a commercial building in Riga

Message

On  May 10, 2023, Hepsor Latvia  OÜ, a subsidiary  of Hepsor AS,  signed a sales
agreement  for shares of Hepsor  U30 SIA with the  real estate fund East Capital
Real  Estate  IV.  The  debt-free  value  of  the  company  agreed  upon  in the
transaction  is 5.2 million  euros, from  which the  company's debt obligations,
including  bank loans and owner loans, are to be deducted. Hepsor U30 SIA owns a
property  located  at  Ulbrokas  iela  30 in  Riga, on which a stock-office type
commercial  building called StokOfiss  U30 with a  rental area of 3,642 m(2) has
been developed by Hepsor. StokOfiss U30 is a multifunctional commercial building
with  a three-in-one solution, which allows a  company to have a sales premises,
office space and a warehouse all in one leased space.

StokOfiss  U30 has been  100% leased since the  building's completion in October
2022, and  the anchor  tenant of  the commercial  building is  the international
cosmetics  retailer Douglas. The sale of Hepsor U30 SIA shares is Hepsor group's
first  commercial  development  sale  in  Latvia  and  also  the  group's  first
commercial building development in the country.

Hepsor  AS management board member Henri Laks said: "The transaction activity of
the  commercial real estate market in the Baltics is relatively low as of today,
which  gives  us  all  the  more  reason  to  be proud that we have succeeded in
developing an attractive commercial building that offers good returns both to us
as  sellers and  to the  East Capital  group as  an experienced  commercial real
estate manager. We are satisfied that the expansion of the group's activities in
the  Latvian market is  going well -  as a result  of the rapid growth in recent
years,  the group's development volumes in  Latvia already reach 71,100 m(2) and
will  soon reach the volumes of the Estonian development portfolio, which stands
at 90,400 m(2).

We shall continue the development of stock-office type commercial buildings with
the  StokOfiss U34 project located on a  neighboring property in Riga at Ulbroka
iela  34. StokOfiss U34 has a planned leasable area of 8,690 m(2) and the design
of  the  development  project  is  currently  underway.  Similar to the previous
project,  StokOfiss U34 also follows a  concept that includes both retail spaces
and  office space, and  a green thinking  concept. In Estonia,  we have used the
green  thinking approach in  four office buildings,  and we believe  that it has
proven  itself well, and therefore we see a great potential for this approach in
Latvia as well. We are happy that the StokOfiss 30 commercial building completed
in  the first  stage of  development has  been well  received by tenants and has
attracted the interest of reputable companies."



Henri Laks
Member of the Management Board
Phone: +372 5693 9114
e-mail: [email protected] (mailto:[email protected])


Hepsor  AS  (www.hepsor.ee)  is  one  of the  fastest  growing  residential  and
commercial  real estate developers  in Estonia and  Latvia. Over the last twelve
years  Hepsor has developed more than  1,500 homes and 32,000 m(2) of commercial
space.  Hepsor has been the first real  estate developer in the Baltic States to
implement  a number of innovative engineering  solutions that make the buildings
we  construct more energy-efficient and  thus more environmentally friendly. The
company's  portfolio  is  comprised  of  24 development  projects  with  a total
sellable space of 161,000 m(2).