Hepsor

Regulatory Filings • May 30, 2025

Hepsor begins development of a business center in Rae municipality

Hepsor begins development of a business center in Rae municipality

Hepsor AS subsidiary, Hepsor VT49 OÜ, has signed long-term lease agreements with
Maxima Eesti OÜ and GYM Eesti OÜ and is set to begin the development of a new
business center at Vana-Tartu Road 49, Rae municipality.

The planned two-story business center will have a total leasable area of 3,500
m². A Maxima store is planned for the ground floor, while a GYM fitness club
will occupy the second floor. The signed lease agreements cover 88% of the total
planned rental space.

We are starting the design phase of the building, with construction expected to
begin in 2026. The opening of the building is planned for the summer of 2027.

Henri Laks
Member of the Management Board
Phone: +372 5693 9114
e-mail: [email protected] (mailto:[email protected])

Hepsor AS (www.hepsor.ee) 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 m2 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 m2.