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Hepsor AS Group company Hepsor Jugla SIA signed a construction contract for the Zaļā Jugla residential development project

Written by Customer Service on . Posted in Public Companies.

On September 15, 2025, Hepsor Jugla SIA, a company belonging to the Hepsor AS Group, and construction company Mitt&Perlebach SIA signed a construction contract, with a total value of 8.2 million euros (excluding VAT). The contract was signed for the construction of the first phase of the Zaļā Jugla residential development project, located at Braila iela 23, Jugla, Riga.

As part of the first phase, two apartment buildings will be constructed, comprising a total of 70 new homes, 4,262 m² of sellable area. Construction is expected to be completed in the second quarter of 2027.

The entire Zaļā Jugla residential development project includes the construction of three apartment buildings, totaling 105 new homes and a sellable area of 6,393 m². The second phase of construction is planned to begin during 2026. The total estimated cost of both phases of the project is 15 million euros.

The Zaļā Jugla development is located in the city of Riga, by Lake Jugla, in a green and peaceful environment. It offers modern, energy-efficient (A+ class) apartments with spacious balconies. Future residents will benefit from playgrounds, recreational and sports areas, bicycle storage, storage rooms, electric vehicle charging stations, and a secure, fenced territory.

More information: https://hepsor.lv/zalajugla/?q=eng

To date, Hepsor has completed a total of 404 homes in Latvia, 96% 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: martti@hepsor.ee

Hepsor AS (www.hepsor.ee) is a developer of residential and commercial real estate. The Group operates in Estonia, Latvia and Canada. During our fourteen years of operation, we have created 2,076 homes and nearly 36,300 m2 of commercial space. As the first developer in the Baltic countries, Hepsor has implemented several innovative engineering and technical solutions that make the buildings built by the company more energy-efficient and thus more environmentally friendly. The company’s portfolio includes a total of 25 development projects with a total area of 178,200 m2.

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