On 11 February 2026, Hepsor E18 SIA and BluOr Bank AS signed a loan agreement in the amount of 5.25 million euros. The five-year loan is intended to finance the construction and infrastructure development of the Ķiršu Kalna Mājas residential project at Eiženijas iela 18, Dzirciems, Riga.
The development includes the construction of two apartment buildings with a total of 54 apartments. Construction and sales of the project have already commenced, and the planned completion date is the first quarter of 2027. The total cost of the development project is 8.5 million euros.
At the time of signing the loan agreement, 41% of the apartments in the project had been reserved or pre-sold.
To date, Hepsor has completed a total of 404 homes in Latvia, 98% of which have been sold. In the coming years, more than 500 new homes are expected to be completed.
