Hepsor AS Group company Hepsor Jugla SIA signed a construction contract for the Zaļā Jugla residential development project

On  September 15, 2025, Hepsor Jugla  SIA, a company  belonging to the Hepsor AS
Group,  and  construction  company  Mitt&Perlebach  SIA  signed  a  construction
contract,  with a total value of 8.2 million euros (excluding VAT). The contract
was signed for the construction of the first phase of the Za?? Jugla residential
development project, located at Braila iela 23, Jugla, Riga.

As  part  of  the  first  phase,  two  apartment  buildings will be constructed,
comprising  a total of 70 new homes,  4,262 m² of sellable area. Construction is
expected to be completed in the second quarter of 2027.

The  entire Za?? Jugla residential development project includes the construction
of  three apartment  buildings, totaling  105 new homes  and a  sellable area of
6,393 m².  The second phase of construction is planned to begin during 2026. The
total estimated cost of both phases of the project is 15 million euros.

The  Za?? Jugla development is located in the  city of Riga, by Lake Jugla, in a
green  and peaceful environment.  It offers modern,  energy-efficient (A+ class)
apartments   with   spacious  balconies.  Future  residents  will  benefit  from
playgrounds,  recreational  and  sports  areas,  bicycle storage, storage rooms,
electric vehicle charging stations, and a secure, fenced territory.

More information: https://hepsor.lv/zalajugla/?q=eng

To  date, Hepsor has completed a total of 404 homes in Latvia, 96% of which have
been  sold. In  the coming  years, more  than 500 new  homes are  expected to be
completed.

Martti Krass
Member of the Management Board
Phone: +372 5692 4919
E-mail: [email protected]
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Hepsor                             AS                             (www.hepsor.ee
(https://www.globenewswire.com/Tracker?data=lF15JZDxKS73HE-1UCwA-
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qcTEo=))  is a  developer of  residential and  commercial real estate. The Group
operates  in Estonia, Latvia and Canada. During our fourteen years of operation,
we  have created 2,076 homes and nearly  36,300 m(2) of commercial space. As the
first  developer  in  the  Baltic  countries,  Hepsor  has  implemented  several
innovative  engineering and technical solutions that make the buildings built by
the  company more energy-efficient  and thus more  environmentally friendly. The
company's  portfolio includes  a total  of 25 development  projects with a total
area of 178,200 m(2).