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

9653

Submission date and time

27.06.2022 13:01:58

Content of announcement in Estonian

Title

Parandusteade: Hepsor ASi tütarettevõte viis lõpule ärikinnisvara arendusprojekti ostutehingu Lätis

Message

Parandatud  on  Hepsor  ASi  tütarettevõtte  nimi, mis on esitatud alljärgnevalt
markeeritult.

Hepsor  ASi tütarettevõte  Hepsor Ganibu  Dambis SIA  sõlmis asjaõiguslepingu ja
omandas   13. juunil  2022 Riia  kesklinnas  Ganibu  Dambis  17A asuva  kinnistu
kogupindalaga   30 624 m(2).   Võlaõigusleping   kinnistu  ostuks  sõlmiti  28.
detsembril   2021. Kokku   on   kinnistul   13 erineva  ärifunktsiooniga  hoonet
kogupindalaga   11 564 m(2),   millest   on  kehtivate  rendilepingutega  kaetud
ligikaudu 70%. Tehingusumma on 3,6 miljonit eurot.

Hepsor  ASi juhatuse  liige Henri  Laks ütles:  ?Tehtud investeering toetab meie
kasvustrateegiat  ja  lisab  netomahuna  Riia  linnas  ligikaudu 20 500 m(2) uut
äripinda,   mida   hakkame   arendama   lähtuvalt   meie   rohelise   mõtteviisi
kontseptsioonist.    Plaanime    kinnistule    rajada   erinevate   võimalustega
ärikompleksi,   kus   on   esindatud  nii stock-office'i  tüüpi  hooned  kui  ka
eraldiseisvad   kaubandus-,   lao-  ja  kontoripinnad.  Investeeringule  avaldab
positiivset  mõju asjaolu, et olemasolevad hooned  on suures osas välja üüritud,
mis   võimaldab   meil   tänases  muutuvas  turuolukorras  valida  parim  moment
uusarenduse  esimese etapiga  alustamiseks. Projekti  esimese etapi valmimine on
planeeritud 2024. aastal. Projekti lõplik valmimine jääb 2025. aastasse."

Lisainfo:

Hepsor   ASil   on   Lätis   neli   äri-   ja   seitse  elukondlikku  kinnisvara
arendusprojekti. 2022. aasta esimeses kvartalis valmis Riias Balozu 9 elukondlik
arendusprojekt 18 korteriga, millest 17 korterile on sõlmitud asjaõiguslepingud.
Käesoleva  aasta kolmandas kvartalis valmib Riias Ulbrokas 30 asuv stock-office,
mille  3 645 m(2) üüritavast pinnast on kõik üürilepingutega kaetud. 2023. aasta
teises  kvartalis valmib Riias Kuldigas  Parksi projekti raames kaks kortermaja,
milles  on  kokku  116 korterit  ning  millega  alustati  2021. aasta  neljandas
kvartalis  (võlaõigus- ja broneerimislepinguid on sõlmitud 45 korterile). 2022.
aasta teises kvartalis alustati Riias Marupes Darzsi projekti ehitamisega, mille
kahes  kortermajas  valmib  kokku  92 A-energiaklassiga  korterit (võlaõigus- ja
broneerimislepinguid on sõlmitud 43 korterile).

Anneli Simm
Investorsuhete juht
Telefon: +372 5615 7170
e-post: [email protected]
(https://www.globenewswire.com/Tracker?data=eLYL5bFxtIkSCDwfszKE0u-mTe3O-
OLY_1df9HJCNueC6UOYzMh8lxjDq4k1vAJLybVYnG1tTuxNLfcEyJN84g==)

Hepsor AS (www.hepsor.ee
(https://www.globenewswire.com/Tracker?data=mRv0CUcpK2Aj6n0bEbdn11mvd9As_beS0H2M
DfKJKthJ6-wBE4J1xMHE3nAuyReZPenl-ZI2af6j3UJo2Ds7Rg==)) on üks kiiremini
kasvavaid elukondliku ja ärikinnisvara arendajaid Eestis ja Lätis. Üheteistkümne
tegutsemisaasta jooksul oleme loonud üle 1400 kodu ja 23 000 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 25 arendusprojekti kogupindalaga 176 000 m(2).

Content of announcement in English

Title

Correction: Subsidiary of Hepsor AS completed the acquisition of commercial property development project in Latvia

Message

The name of the subsidiary of Hepsor AS is corrected as reflected in bold in the
following paragraph.

Hepsor  Ganibu  Dambis  SIA,  a  subsidiary  of  Hepsor  AS, signed a real right
contract  and acquired a  property of 30,624 m(2) in  Ganibu Dambis 17A, City of
Riga  on 13 June 2022. The contract  under law of obligations  was signed on 28
December   2021. 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 3,6 million euros.

Henri  Laks, Member of the Management Board of Hepsor AS, said: ?This investment
supports  our growth strategy and adds a net of 20,500 sqm of new business space
in  city of Riga. The  new space will be  developed in accordance with our green
approach.  We  plan  to  build  a  business complex with extensive opportunities
including  stock-office  type  of  buildings  but  also offices, warehouses, and
retail  space. The existing  buildings are mostly  covered with lease agreements
thus  allowing us  to choose  the best  moment in  starting with the first phase
construction  in  today's  changing  market  situation.  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 four commercial and seven residential development projects in Latvia.
Balozu  9 residential development project of  18 apartments was completed in the
first  quarter of 2022. Real  right contract has  been signed for 17 apartments.
Stock-office  at  Ulbrokas  30, Riga  is  expected  to be completed in the third
quarter 2022. The 3,645 sqm stock-office is fully covered with lease agreements.
In  the second quarter of 2023 the construction of Kuldigas Parks project of two
residential  properties for  116 apartments in  Riga, which  was started  in the
fourth  quarter of 2021, will  be completed (total  of 45 contracts under law of
obligation  and booking agreements  have been signed).  In the second quarter of
2022 the  construction of Marupes  Darzs development project  of two residential
properties for 92 A energy efficiency class apartments was started (total of 43
contracts under law of obligation and booking agreements have been signed).

Anneli Simm
Head of Investor Relations
Phone: +372 5615 7170
e-mail: [email protected]

Hepsor                           AS                           (www.hepsor.ee/en/
(https://www.globenewswire.com/Tracker?data=mRv0CUcpK2Aj6n0bEbdn15eRlcmeB5NnbHOF
zgeK__71cpz2ais5VrVg6LvpUPRnv_Fj4HRbonxN_CBD0bRlxlNRQ_MUyYUHLtZtI_Mmc6Y=))    is
one  of the fastest growing residential and commercial real estate developers in
Estonia  and Latvia. Over the  last eleven years Hepsor  has developed more than
1,400 homes  and 23,000 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
25 development projects with a total sellable space of 176,000 m(2).