Hepsor JG SIA, Hepsor AS group company, and Latvian affiliate of Bigbank AS signed a 4 million loan agreement on 08 December 2023. The purpose of the three-year loan is to finance the construction of Annenhof Majas development project in Riga.
The construction and sales of the project of 40-apartments has already started and the project will be completed in the fourth quarter of 2024.
„In the design of a sustainable living space valuing a green mindset, we have emphasized energy efficiency, ensuring both low utility costs and a smaller carbon footprint during the building’s operational lifespan,” said Henri Laks, a member of the Hepsor board. “A visually appealing facade solution, functional apartment layouts, an energy-efficient building with a green mindset, and a good balance of price and quality are aspects that today’s homebuyers consider in their purchasing decisions. As of today, nearly 18% of the apartments in the Annenhof Majas project have already been reserved, confirming the project’s attractiveness among clients in the Riga market“.
Additional info:
In addition to the Jurmalas Gatve project, Hepsor has four residential development projects in construction and sales in Latvia – Kuldīgas Parks (116 apartments, of which 99% are sold), Mārupes Dārzs (92 apartments, of which 99% are sold), Strelnieku 4b (54 apartments, of which 82% are sold), and Nameja Rezidence, started in 2023, featuring 38 apartments with pre-contract agreements made for 29% of them.
