Hepsor AS and EfTEN Special Opportunities Fund\u2019s joint venture Hepsor SOF O\u00dc entered into a real right contract on 21 July 2025, acquiring the properties at Narva mnt 150 and Narva mnt 150a. The properties were purchased from Hepsor Group company N450 O\u00dc. The value of the transaction is EUR 6.3 million, to which VAT will be added. Hepsor will generate a profit of EUR 2.8 million from the sale of the properties, of which EUR 1.4 million will be realised in the third quarter of this year.<\/p>\n\n\n\n
The purchase of the properties is part of a cooperation project between Hepsor and EfTEN in Lasnam\u00e4e, Tallinn, within the framework of which properties were previously acquired, on 11 April 2025, at Paev\u00e4lja pst 5, 7 and 9. The joint development project between Hepsor and Eften will see the construction of around 300 homes and, to a lesser extent, commercial premises. The development will be carried out in three stages, each of which will deliver around 100 new homes. The first stage of construction is scheduled to begin in 2026.<\/p>\n\n\n\n
The development area of Paev\u00e4lja and Narva mnt is a larger development area for Hepsor. In 2023, Hepsor completed the Paev\u00e4lja courtyard houses development project in the same area, within the framework of which a total of 100 new homes were built in the area during stage I. Hepsor will build a total of around 500 new homes and 4,200 m\u00b2 of rentable commercial space in the development area as a whole.<\/p>\n\n\n\n
For the development area as a whole, two landmark events have taken place in the last 6 months. In December 2024, the detailed plans for Paev\u00e4lja pst 5, 7 and 9 were approved and in May 2025, the detailed plans for Narva mnt 150, 150a, 150b and Alvari tn 1, 1a, 3, 5 and the surrounding area were approved. This will create an opportunity for Hepsor to build an additional 400 homes in the area.<\/p>\n\n\n\n
The Lasnam\u00e4e district is comparable in population to the city of Tartu and forms one of the most densely populated residential areas in Estonia. Development competition in the area is low, which makes the project strategically important and commercially attractive for Hepsor.<\/p>\n\n\n\n
\u2018The cooperation with EfTEN will allow us to bring a new quality of life to Lasnam\u00e4e and at the same time strengthen the capital structure of the Hepsor Group. EfTEN is a reliable and professional partner, whose long experience in property investment adds strategic weight to the project,\u2019 explained Henri Laks, Chairman of the Management Board of Hepsor.<\/p>\n","protected":false},"excerpt":{"rendered":"Hepsor AS and EfTEN Special Opportunities Fund\u2019s joint venture Hepsor SOF O\u00dc entered into a real right contract on 21 July 2025, acquiring the properties at Narva mnt 150 and Narva mnt 150a. The properties were purchased from Hepsor Group company N450 O\u00dc. The value of the transaction is EUR 6.3 million, to which VAT […]","protected":false},"author":6,"featured_media":10779,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-10778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"\n