Hepsor U34 SIA, Hepsor AS group company, signed construction agreement for the construction of StokOfiss 34 project in Riga
May 20 2024 - 12:00AM
Hepsor U34 SIA, Hepsor AS group company, signed construction
agreement for the construction of StokOfiss 34 project in Riga
Hepsor U34 SIA, a subsidiary of Hepsor AS Group,
and construction company Mitt&Perlebach signed a contract on
May 17, 2024, for the construction of a development project called
StokOfiss 34 in Riga at Ulbrokas 34. The construction contract is
approximately 9.6 million euros, plus value-added tax. The
development will consist of a commercial building with office,
commercial, and warehouse space totaling approximately 8,740 square
meters. Completion is planned for the third quarter of 2025.
StokOfiss U34 is designed with Hepsor's green mindset in mind,
and the building has been issued an energy class A and BREEAM
sustainability certificate at the "Very good" level.
"StokOfiss U34 brings high-quality and modern business space to
the Riga market, allowing clients to consolidate office,
commercial, and warehouse spaces under one lease," said Henri Laks,
a member of the Management Board.
Additional Information:
StokOfiss U34 is the second stage of Hepsor's commercial
building development on Ulbrokas Street. The first stage, StokOfiss
U30, was completed in the fourth quarter of 2022 and sold to the
investment fund East Capital in the second quarter of 2023.
In addition to the StokOfiss 34 project, Hepsor is also
constructing commercial spaces at Manufaktuuri 7 in Tallinn, and in
2024, construction of commercial spaces will also begin at the
Manufaktuuri 5 project, where, in addition to commercial spaces,
modern residential spaces will be built in the historic former main
building of the Baltic Cotton Spinning and Knitting Factory.
More information about StokOfiss 34 project can
be found https://hepsor.lv/stokofissu34/en/
Henri Laks Member of the Management Board Phone: +372 5693 9114
e-mail: henri@hepsor.ee
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Hepsor AS (www.hepsor.ee) is one of the fastest growing
residential and commercial real estate developers in Estonia and
Latvia, operating also in the Canadian real estate market since
2023. Over the last thirteen years Hepsor has developed more than
1,600 homes and 36,000 m2 of commercial space. Hepsor was 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
171,000 m2.