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Hepsor Capital/Financing Update 2026

Feb 12, 2026

2218_rns_2026-02-12_a1649e80-87d8-4db3-8cf9-d657e2fd3724.html

Capital/Financing Update

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Hepsor E18 SIA, Hepsor AS Group company, signed a 5.25 million euro loan agreement to finance the construction of development project

Hepsor E18 SIA, Hepsor AS Group company, signed a 5.25 million euro loan agreement to finance the construction of development project

On 11 February 2026, Hepsor E18 SIA and BluOr Bank AS signed a loan agreement in
the amount of 5.25 million euros. The five-year loan is intended to finance the
construction and infrastructure development of the ?irshu Kalna M?jas residential
project at Eizhenijas iela 18, Dzirciems, Riga.

The development includes the construction of two apartment buildings with a
total of 54 apartments. Construction and sales of the project have already
commenced, and the planned completion date is the first quarter of 2027. The
total cost of the development project is 8.5 million euros.

At the time of signing the loan agreement, 41% of the apartments in the project
had been reserved or pre-sold.

More information about the "?irshu Kalna M?jas" project is available at:
https://hepsor.lv/kirsukalnamajas/

To date, Hepsor has completed a total of 404 homes in Latvia, 98% 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] (mailto:[email protected])

Hepsor AS (www.hepsor.ee
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dedtEQb_9S-5_YTQ==)) 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 2,003 homes and nearly 44,787 m(2) of commercial
space. Hepsor is the first developer in the Baltic states to implement a number
of innovative engineering solutions that make the buildings it constructs more
energy efficient, and thus more environmentally friendly. The company's
portfolio includes 25 development projects with a total area of 178,200 m(2). In
addition, the Group is active in five projects in Canada, where the main
activity is the preparation of detailed spatial plans for land, thereby
achieving greater building rights.