Hepsor 3TORNI OÜ, Hepsor AS group company, and Mitt & Perlebach OÜ signed a construction agreement for the construction of Ojakalda Kodud development project on the border of Tallinn and Harku, on 25 August 2022. The value of construction agreement is approximately 14.1 million euros excluding value added tax. Considering the rapid increase in commodity prices and overall supply chain issues the construction agreement was signed as open-end agreement (cost plus agreement).
The construction of the three-tower residential building with 101 spacious family apartments will be completed in spring of 2024. The area is surrounded by several playgrounds and green areas. The three-tower residential building is located in vicinity of Lake Harku, the Harku-Nõmme health trail and has good connection with city center and other parts of the city either by public transport, bicycle or car.
According to Henri Laks, member of the Management Board of Hepsor AS, the Group continues with the development of planned projects such as Ojakalda Kodud and Manufaktuuri Kavrtal but is paying more attention to the risks associated with taking new projects to the sales and construction phase.