Hepsor Signs €5.25 Million Residential Project Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Globenewswire
- Contract Signing: Hepsor E18 and Mitt & Perlebach signed a €5.25 million construction contract on December 30, 2025, marking a significant expansion for the company in the Dzirciems neighborhood of Riga.
- Development Scale: The project consists of two residential buildings with a total of 54 apartments and a gross building area of 4,040 m², addressing the market's diverse housing needs while enhancing Hepsor's competitive position.
- Sustainable Design: The development adheres to Hepsor's sustainable and energy-efficient principles, achieving an A+ energy efficiency rating with heat recovery ventilation and underfloor heating, further solidifying the company's leadership in green building.
- Market Pre-Sales: As of the contract signing, 38% of the apartments have been reserved or pre-sold, indicating strong market demand for the project, which is expected to drive future sales growth.
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About HEPS
D Market Elektronik Hizmetler ve Ticaret AS is a Turkey-based company, which provides online retail services. The Company's platform brings together 50 million product types in nearly 40 categories. The scope of products include white goods, electronics, apparel, accessories, home textile and stationary products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
