On October 20, 2025, Hepsor Jugla SIA, a company belonging to the Hepsor AS Group, and BluOr Bank AS signed a loan agreement in the amount of 8.4 million euros. The purpose of the loan is to finance the construction of the first phase of the Zaļā Jugla residential development project and the establishment of infrastructure at Braila iela 23, Jugla, Riga.
In the first phase of the project, two apartment buildings will be constructed, comprising a total of 70 apartments and 4,262 m² of sellable area. Construction is scheduled to be completed in the fourth quarter of 2026.
The full Zaļā Jugla residential development project foresees the construction of three apartment buildings with a total of 105 apartments and 6,393 m² of sellable area. The estimated total cost of both phases is EUR 15 million.
To date, Hepsor has completed a total of 404 homes in Latvia, 97% of which have been sold. In the coming years, more than 500 new homes are expected to be completed.
