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RNS - Hepsor to start construction of 13-storey residential building ‘360° Dzelzavas Residences’ in Purvciems, Riga

Company: Hepsor Date: 2025-06-20 Language: English Register to download

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 Hepsor to start construction of 13-storey residential building ‘360° Dzelzavas Residences’ in Purvciems, Riga

# Hepsor to start construction of 13-storey residential building ‘360° Dzelzavas Residences’ in Purvciems, Riga

On  19 June 2025, Hepsor Latvia OÜ, a subsidiary  of Hepsor AS, and INTH Vara OÜ
(hereinafter Perton) signed a shareholder agreement to start the construction of
a 13-storey residential building at Dzelzavas iela 74C, in Riga.

According  to the  shareholder agreement,  Hepsor Latvia  OÜ will acquire a 50%
stake in Laba m?ja centr? SIA (new name Hepsor Dz74c SIA), for which Perton will
be  paid EUR  174,000. The total  investment in  the project  is around  EUR 15
million.

The  planned residential  building will  be a  13-storey apartment building with
modern architecture and an energy efficiency class of A+. The building will have
103 apartments, ranging in size from 38 to 125 m². A total of 12 apartments have
been booked prior to the start of construction.

The  building  will  have  76 parking  spaces  along  with electric car charging
infrastructure,  54 storage  spaces,  separate  storage  for bicycles and prams,
children's   playgrounds   and   an   exercise   field,  aesthetically  designed
landscaping,  and a shared  roof terrace offering  360-degree panoramic views of
Riga. More detailed information: https://dzresidence.lv

Hepsor Latvia country manager Martti Krass: 'Purvciems is home to around 52,000
people,  making  it  the  most  densely  populated  area  in Riga. This area has
significant  development potential  as it  combines the  three core  values of a
pleasant  everyday life: convenience, affordability and accessibility. Thanks to
its   excellent   infrastructure   and   proximity  to  essential  services  and
institutions,   it   is   the  ideal  living  environment  for  families,  young
professionals and the elderly.'

Hepsor has developed around 400 apartments in Latvia, 95% of which have been
sold. A further 262 apartments will be completed in the coming years.

Henri Laks
Member of the management board
Tel: +372 5693 9114
E-mail: \[email protected\]
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Hepsor                             AS                             (www.hepsor.ee
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Q2Eh-qC))  is a developer  of residential and  commercial real estate. The Group
operates  in Estonia, Latvia and Canada. In fourteen years of operation, we have
created  2 076 homes and  nearly 36 300 m(2) of  commercial space. Hepsor is the
first  developer  in  the  Baltic  States  to  implement  a number of innovative
engineering  solutions  that  will  make  the  buildings  it  builds more energy
efficient and thus more environmentally friendly. The company has a portfolio of
25 development projects with a total area of 172 800 m(2).