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

9247

Submission date and time

29.12.2021 17:16:38

Content of announcement in Estonian

Title

Hepsor ASi tütarettevõte omandab Lätis ärikondliku kinnisvaraarendusprojekti

Message

Hepsor   ASi   tütarettevõte   Hepsor  Latvia  OÜ  sõlmis  28. detsembril  2021
võlaõigusliku  ostu-müügilepingu, millega omandab Riia linnas Ganibu Dambis 17A
asuva   kinnistu   kogupindalaga  30 624 m(2).  Kokku  on  kinnistul  13 erineva
ärikondliku funktsiooniga hoonet kogupindalaga 11 564 m(2), millest on kehtivate
rendilepingutega   kaetud   ligikaudu   70%. Tehingu  hind  ei  kuulu  osapoolte
kokkuleppel avalikustamisele.

Hepsor  AS-i juhatuse liige  Henri Laks ütles:  "Tegevusmahtude kasvatamine Läti
kinnisvaraturul  on  osa  meie  kasvustrateegiast  ning  pole juhus, et ka teine
detsembris  sõlmitud  tehing  tuleb  just  sealt.  Käesoleva  tehingu eesmärk on
omandatud kinnistule rajada laialdaste võimalustega ärikompleks, kust ei puuduks
nii  kontorid kui ka  lao- ja kaubanduspinnad.  Projekti kogumahuks on ligikaudu
25 000 m(2),  millest esimene  osa peaks  valmima 2024. aastal.  Projekti lõplik
valmimine jääb 2025. aastasse."

Lisainfo:

Hepsoril  on nüüdseks Lätis kolm  ärikondliku ja kaheksa elukondlikku kinnisvara
arendusprojekti,  millest  on  valmis  kaks  elukondlikku  arendusprojekti  ning
ehituses kolm elu- ja ärikondliku arendusprojekti.

Ehituses  olevatest  projektidest  valmib  2022. aasta  esimeses kvartalis Riias
Balozu   9 elukondlik   arendusprojekt.   Kõigile   18 korterile   on   sõlmitud
võlaõiguslepingud. 2022. aasta kolmandas kvartalis valmib Riias Ulbrokas 30 asuv
stock-office,  mille 3 645 m(2)  renditavast pinnast  on rendilepingutega kaetud
72%. 2023. aasta  teises kvartalis valmib Riias Gregora iela 2a kaks kortermaja,
milles on kokku 116 korterit.

15. detsembril  ostis Hepsor Latvia OÜ arendusprojekti aadressil Braila 23, Riia
linnas.  Vastavalt planeeringule  võib kinnistule  rajada ligikaudu 100 korterit
ning projekt valmib eeldatavasti 2024. aastal.

Anneli Simm
Investorsuhete juht
Telefon: +372 5615 7170
e-post: [email protected] (mailto:[email protected])

Hepsor AS (www.hepsor.ee (http://www.hepsor.ee)) on üks kiiremini kasvavaid elu-
ja  ärikondliku  kinnisvara  arendajaid  Eestis  ja Lätis. Kümne tegutsemisaasta
jooksul  oleme loonud  üle 1300 kodu  ja 15 000 m2  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 167 000 m(2).

Content of announcement in English

Title

Subsidiary of Hepsor AS to acquire a commercial property development project in Latvia

Message

On  28 December  2021 Hepsor  Latvia  OÜ,  a  subsidiary  of Hepsor AS, signed a
contract  under law of obligation to acquire a property of 30,624 m(2) in Ganibu
Dambis  17A, City of Riga. The property has 13 buildings of different commercial
functionality  and approximately 70% of its total area of 11,564 m(2) is covered
by  lease agreements. The price of the  transaction is not subject to disclosure
as agreed by the parties.

Henri  Laks,  Member  of  the  Management  Board  of Hepsor AS, said: "Expanding
operations  in the Latvian real estate market is part of our growth strategy and
it  is no  coincidence that  the second  transaction concluded  in December also
comes from Latvia. The aim of current transaction is to build a business complex
with  extensive opportunities such as offices, warehouses, and retail space. The
total  volume of  the project  is approximately  25,000 m(2), the  first part of
which  should  be  completed  in  2024. The  completion  of the whole project is
expected in 2025. "

Additional information:

Hepsor  has now  in Latvia  three commercial  and eight  residential development
projects,  two of residential projects have been completed and three residential
and commercial development projects are still under construction.

The  completion of Balozu  9 residential development project  is expected in the
first  half of 2022. Contract under  law of obligations has  been signed for all
18 apartments.  Stock-office at Ulbrokas 30, Riga is expected to be completed in
the  third quarter 2022. Out  of 3,645 sqm 72% of  leasable area is covered with
lease  agreements.  In  the  second  quarter  of  2023 the  construction  of two
residential  properties  for  116 apartments  at  Gregora  iela 2a, Riga will be
completed.

On  December 15, Hepsor Latvia OÜ purchased a development project at Braila 23,
Riga.  The  zoning  allows  construction  of  up to 100 apartments. The expected
completion of the project is in 2024.

Anneli Simm
Head of Investor Relations
Phone: +372 5615 7170
e-mail: [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 ten years
Hepsor has developed more than 1,300 homes and 15,000 m2 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 167,000 m(2).