SIA Hepsor E18, a notable subsidiary of Hepsor AS Group, has taken a significant step in Riga’s real estate landscape by signing a construction contract with Mitt & Perlebach on December 30, 2025. This partnership marks the initiation of the “Ķiršu kalna mājas” residential development in the Dzirciems neighborhood, with a contract value of EUR 5.25 million plus value-added tax.
Project Overview
The “Ķiršu kalna mājas” development will consist of two modern residential buildings, each featuring three floors above ground and one underground level. This ambitious project will house a total of 54 apartments, designed to cater to a variety of lifestyles. The apartment sizes range from cozy one-room units of 37.3 m² to spacious four-room homes of 79.7 m², providing options for families and individuals alike.
Sustainable Development Principles
In line with Hepsor’s commitment to sustainability, the project prioritizes energy efficiency and environmentally friendly design. The buildings are set to achieve a prestigious energy efficiency class A+, ensuring that residents benefit from lower utility bills while minimizing their carbon footprint. Among the innovative features, each apartment will include heat recovery ventilation systems and underfloor heating, enhancing comfort and efficiency.
Amenities and Community Spaces
Beyond individual living spaces, “Ķiršu kalna mājas” emphasizes community and outdoor engagement. The development will feature a beautifully landscaped courtyard equipped with a children’s playground and an outdoor fitness area, encouraging active lifestyles among residents. Ground-floor apartments will boast private terraces, fostering a connection to the outdoors.
Additional conveniences include 46 parking spaces, of which 22 will be located underground, and 35 storage rooms. The project also plans for bicycle parking facilities and a shared pram storage room, catering to families and eco-conscious residents. Moreover, the readiness for electric vehicle charging infrastructure reflects a forward-thinking approach to modern living.
Current Sales Progress
As the construction contract has been signed, the project is already garnering interest in the market. Notably, 38% of the apartments have been reserved or pre-sold, indicating a strong demand for this new residential offering in Riga.
Hepsor’s Impact in Latvia
Hepsor has established itself as a significant player in Latvia’s housing market, having successfully completed 404 homes to date, with an impressive 98% of these sold. The company is poised for continued growth, expecting to complete over 500 new homes in the coming years.
Innovative Leadership in Real Estate
Hepsor AS stands out as one of the fastest-growing real estate developers in the Baltic region, with expansions into the Canadian market as well. Over the years, the company has developed more than 2,000 homes and over 36,000 m² of commercial space. Hepsor is recognized for pioneering innovative engineering solutions that enhance energy efficiency and sustainability in building design, solidifying its reputation as a leader in environmentally responsible development.
Conclusion
With the launch of “Ķiršu kalna mājas,” Hepsor E18 not only contributes to Riga’s housing supply but also reinforces its commitment to sustainable living. This project exemplifies a blend of modern design, energy efficiency, and community living, promising an enriching environment for residents. As the development progresses, it will likely set new standards in the local real estate market.
- Key Features of the Project:
- Two residential buildings with a total of 54 apartments.
- Energy efficiency class A+ for sustainable living.
- Community-focused amenities including playgrounds and fitness areas.
- Strong early interest with 38% of apartments reserved.
- Hepsor’s track record of successful developments in Latvia.
Source: www.manilatimes.net