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

18071

Submission date and time

19.12.2025 08:50:00

Content of announcement in Estonian

Title

Hepsor ja Tolaram jätkavad koostööd Manufaktuuri kvartalis

Message

Hepsor  AS ja  Tolaram Grupi  ettevõte AS  Phoenix Land  sõlmisid 18. detsembril
osanikelepingu,  mille alusel jätkatakse koostööd Manufaktuuri kvartali järgmise
etapi  elluviimisel. Selleks  on asutatud  Hepsori tütarettevõte  Hepsor PHX5 OÜ
(registrikood  17394859), mis kuulub  võrdsetes osades  Hepsor AS-ile  ja AS-ile
Phoenix Land.

Uus  ühisettevõte  alustab  elu-  ja  ärikinnisvara arendust Tallinnas aadressil
Manufaktuuri   3. AS   Phoenix   Land  annab  nimetatud  kinnistu  mitterahalise
sissemaksena  Hepsor  PHX5  OÜ  vabatahtlikku  reservkapitali  kokku summas 5,8
miljonit eurot.

Manufaktuuri  3 kinnistul on kehtiv  detailplaneering. Arenduse ettevalmistamise
käigus  on  kavandamisel  arhitektuurivõistlus,  mille  eesmärk  on  leida parim
võimalik  ruumiline lahendus.  Detailplaneeringu alusel  on kinnistul muu hulgas
võimalik  rajada kuni 60-korruseline kõrghoone, kuid konkreetne arhitektuurne ja
linnaruumikontseptsioon selgub arhitektuurivõistluse tulemuste põhjal.

?Hepsori  ja Tolaram Grupi koostöö Manufaktuuri kvartalis on olnud järjepidev ja
tulemuslik.  Uue ühisettevõtte kaudu jätkame kvartali järgmise etapi arendamist,
et  luua Tallinna linnaruumi kvaliteetset  ja mitmekesist elu- ja ärikinnisvara.
Senised  projektid  on  kinnitanud  koostöö  tugevust ning Manufaktuuri kvartali
arenduspotentsiaali," ütles Hepsori Eesti maajuht Mihkel Mäger.

Tegemist  on  viienda  arendusprojektiga  Manufaktuuri  kvartalis. Varasemalt on
kvartalis valminud 421 kodu Sitsi Õunaaia ja M7 arendusprojektides, millest 97%
on  müüdud.  2025. aastal  alustati  Manufaktuuri kvartalis kahe arendusprojekti
ehitusega,  Manufaktuuri Vabriku esimese etapiga, mille käigus rajatakse 152 uut
kodu ja  M12 nimelise arendusprojektiga, mille raames valmib 49 uut kodu.

Tulevikus on Manufaktuuri kvartalis kokku ligikaudu 1100 kodu ja äripinnad.

Martti Krass
Juhatuse liige
Telefon: +372 5692 4919
e-post: [email protected]
(https://www.globenewswire.com/Tracker?data=YpJ1KaOHGK5D2wr2B03kr6ySXlVsvy9ItW_x
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Hepsor                             AS                             (www.hepsor.ee
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hQHFDQ9-DQc31d_xumJdBFX0xuk0zLk5aot6itZDz0vhJv7aXCvbtR))  on elu- ja ärikondliku
kinnisvara arendaja. Kontsern tegutseb Eestis, Lätis ja Kanadas. Neljateistkümne
tegutsemisaasta jooksul oleme loonud 2 003 kodu ja ligi 44 787 m(2) äripindasid.
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  25 arendusprojekti  kogupindalaga  178 200 m(2). Lisaks tegutseb kontsern
viies Kanada projektis, kus põhitegevuseks on maa detailplaneeringute koostamine
ning seeläbi suurema ehitusõiguse saavutamine.

Content of announcement in English

Title

Hepsor and Tolaram continue their cooperation in the Manufaktuuri quarter

Message

Hepsor  AS  and  AS  Phoenix  Land,  a  company  of  the Tolaram Group, signed a
shareholders'  agreement on  18 December under  which the  parties will continue
their  cooperation in the  implementation of the  next phase of the Manufaktuuri
quarter  development.  For  this  purpose,  Hepsor's  subsidiary  Hepsor PHX5 OÜ
(registry  code 17394859) has been  established and is  owned in equal shares by
Hepsor AS and AS Phoenix Land.

The  new  joint  venture  will  commence  the  development  of  residential  and
commercial  real  estate  in  Tallinn  at  Manufaktuuri  3. AS Phoenix Land will
contribute  the property as a non-monetary contribution to the voluntary reserve
capital of Hepsor PHX5 OÜ in the total amount of EUR 5.8 million.

The  Manufaktuuri  3 property  has  a  valid  detailed   plan.  As  part  of the
development  preparation process,  an architectural  competition is planned with
the  aim of  identifying the  best possible  design solution. While the detailed
plan allows for the development of a high-rise building of up to 60 storeys, the
final  architectural and urban  design solution will  be determined based on the
results of an architectural competition.

"The  cooperation  between  Hepsor  and  the  Tolaram  Group in the Manufaktuuri
quarter  has been consistent  and successful. Through  the new joint venture, we
will  continue developing the  next phase of  the quarter to create high-quality
and  diverse residential and  commercial real estate  for Tallinn's urban space.
The  projects, both  completed and  ongoing, have  confirmed the strength of the
collaboration  and the development  potential of the  Manufaktuur quarter," said
Mihkel Mäger, Country Manager of Hepsor Estonia.

This  is the fifth development project  in the Manufaktuuri quarter. Previously,
421 homes  have been completed as  part of the Sitsi  Õunaaed and M7 development
projects,  of  which  97% have  been  sold.  In  2025, construction began on two
development  projects  in  the  Manufaktuuri  quarter:  the  first  phase of the
Manufaktuuri  Vabrik  project,  which  will  provide  152 new homes, and the M12
development project, under which 49 new homes will be completed.

In  the future, the Manufaktuuri quarter will comprise approximately 1,100 homes
and commercial premises.

Martti Krass
Member of the Management Board
Phone: +372 5692 4919
E-mail: [email protected]
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Hepsor                             AS                             (www.hepsor.ee
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hQHFDQ9-DQc31d_xumJdBFX0xuk0zLk5aot6itZDz0vhJv7aXCvbtR))   is   a  developer  of
residential  and commercial real estate. The  Group operates in Estonia, Latvia,
and  Canada. In  fourteen years  of operation,  we have  created 2,003 homes and
nearly  44,787 m(2) of commercial  space. Hepsor  is the  first developer in the
Baltic  states to  implement a  number of  innovative engineering solutions that
make   the  buildings  it  constructs  more  energy  efficient,  and  thus  more
environmentally   friendly.  The  company's  portfolio  includes  25 development
projects  with a total area of 178,200 m(2). In addition, the Group is active in
five  projects in Canada, where the main activity is the preparation of detailed
spatial plans for land, thereby achieving greater building rights.