Hepsor AS Group company Hepsor Jugla SIA has signed a loan agreement in the amount 8.4 million euros to finance the construction of the Zaļā Jugla project.

On  October 20, 2025, Hepsor  Jugla SIA,  a company  belonging to  the Hepsor AS
Group,  and BluOr Bank AS  signed a loan agreement  in the amount of 8.4 million
euros. The purpose of the loan is to finance the construction of the first phase
of  the  Za??  Jugla  residential  development  project and the establishment of
infrastructure at Braila iela 23, Jugla, Riga.

In  the first phase of the project, two apartment buildings will be constructed,
comprising  a total of 70 apartments and 4,262 m² of sellable area. Construction
is scheduled to be completed in the fourth quarter of 2026.

The full Za?? Jugla residential development project foresees the construction of
three  apartment  buildings  with  a  total  of  105 apartments  and 6,393 m² of
sellable area. The estimated total cost of both phases is EUR 15 million.

More information about Za?? Jugla project: https://hepsor.lv/zalajugla/?q=eng

To date, Hepsor has completed a total of 404 homes in Latvia, 97% 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).