Sign in Subscribe
Housing

Hepsor AS Group Commences Construction on Zala Jugla Residential Development Project

Strategic Insights

— 1 min read

Hepsor Jugla SIA, a subsidiary of Hepsor AS Group, has initiated the construction of the first phase of the Zala Jugla residential development project in Riga, Latvia. Located at Braila iela 23, Jugla, Riga, the project involves the construction of two apartment buildings with a total of 70 new homes and 4,262 m2 of sellable area. The project's total estimated cost is 15 million euros, with the second phase scheduled to begin in 2026.

Key Takeaways:

  • The construction contract for the first phase of the Zala Jugla project was signed on September 15, 2025, between Hepsor Jugla SIA and construction company Mitt&Perlebach SIA for a total value of 8.2 million euros (excluding VAT).
  • The first phase of the project involves the construction of two apartment buildings with a total of 70 new homes and 4,262 m2 of sellable area.
  • The entire Zala Jugla residential development project includes the construction of three apartment buildings, totaling 105 new homes and a sellable area of 6,393 m2.
  • The second phase of construction is planned to begin during 2026.
  • The project's total estimated cost is 15 million euros.
  • The Zala Jugla development features modern, energy-efficient (A+ class) apartments with spacious balconies, playgrounds, recreational and sports areas, bicycle storage, storage rooms, electric vehicle charging stations, and a secure, fenced territory.
  • The project offers a unique combination of modern living and a peaceful environment, situated by Lake Jugla in Riga.

Statistics:

  • 8.2 million euros (excluding VAT): Total value of the construction contract signed for the first phase of Zala Jugla project
  • 70: Number of new homes planned for the first phase of the project
  • 4,262 m2: Total sellable area for the first phase of the project
  • 105: Total number of new homes planned for the entire Zala Jugla project
  • 6,393 m2: Total sellable area for the entire Zala Jugla project
  • 2026: Planned start date for the second phase of construction
  • 15 million euros: Total estimated cost of the Zala Jugla project

Sources:

  • News release from Hepsor AS Group (September 15, 2025)
  • Hepsor AS Group's website
  • Local Latvian news sources
  • Construction industry reports

Read more