Hepsor sells multifunctional business complex StokOfiss U30

Hepsor Latvia OÜ has sold the property located at Ulbrokas iela 30 in Riga to East Capital Real Estate Fund IV in a share deal. The property is a stock-office type commercial building, known as StokOfiss U30, with a total lettable area of 3,642 square metres.

StokOfiss U30 was completed in October 2022 and is fully leased to multiple tenants, with the international cosmetics retailer Douglas as its anchor tenant. The building provides a three-in-one solution, allowing companies to have sales premises, office and warehouse facilities all in one space.

Legal assistance to Hepsor was provided by COBALT team including Managing Partner Dace Silava-Tomsone and Senior Associates Juta Meimere, Marija Berdova and Līga Fjodorova.

Hepsor is one of the fastest growing residential and commercial real estate developers in Estonia and Latvia. It has been the first real estate developer in the Baltic States to implement a number of innovative engineering solutions that make the constructed building more energy-efficient and thus more environmentally friendly. The company’s portfolio is comprised of 26 development projects with a total space of 177,000 square metres.