Major partnership forged for a new Baltic residential project
On December 30, 2025, SIA Hepsor E18, a subsidiary of Hepsor AS Group, formalized a significant contract with the construction company Mitt & Perlebach. The agreement paves the way for the construction of the residential development project titled “Ķiršu kalna mājas.” While the full details of the site are still under formal refinement, the collaboration signals a strong push from both companies to expand residential options in the region and contribute to local housing availability.
What this means for the developers and the market
The signing of the contract marks a pivotal step for SIA Hepsor E18 as it continues to grow its footprint in the Latvian housing market. By partnering with Mitt & Perlebach, a well-established construction firm, the project benefits from a blend of Hepsor E18’s development strategy and Mitt & Perlebach’s on‑the‑ground construction expertise. This synergy is expected to help accelerate project timelines, increase efficiency, and maintain high standards for quality and safety across the build.
Project scope and envisioning a sustainable community
Details released by the parties indicate a residential development designed to offer modern living spaces with attention to energy efficiency and community-oriented amenities. While the exact unit mix and architectural approach will be finalized in collaboration with city planning authorities, early concepts emphasize walkability, green spaces, and thoughtful integration with the surrounding neighborhood. Such a plan aligns with current market demand for comfortable, sustainable homes that deliver long-term value for residents and investors alike.
Why this project matters
Latvia’s real estate market has shown resilience and steady demand for well-planned housing projects. The Ķiršu kalna mājas development stands to become a notable addition to the country’s housing stock, potentially influencing rental markets, property values, and local employment during construction. For SIA Hepsor E18, the project underscores the company’s ongoing commitment to delivering competitive residential solutions while expanding its geographic reach within the Baltics.
Commitment to quality, safety, and community
The collaboration emphasizes adherence to stringent building standards, safety protocols, and responsible project management. Mitt & Perlebach’s involvement ensures that construction practices meet established European norms, while SIA Hepsor E18 steers the project’s design and development objectives. Beyond bricks and mortar, the teams are expected to engage with community stakeholders to address concerns, maximize social value, and minimize disruption during construction.
Next steps and expectations
In the coming months, details such as architectural plans, permit processes, and phased construction timelines will be refined with local authorities. Prospective residents and investors can anticipate updates as the project progresses through its regulatory milestones. Both parties have expressed a shared enthusiasm for delivering a high-quality residential environment that reflects contemporary living standards and a strong sense of place.
About the entities
SIA Hepsor E18 operates as a focused subsidiary within the Hepsor AS Group, bringing development expertise to ambitious urban housing projects. Mitt & Perlebach is an established construction firm with a track record in delivering complex residential structures. Together, they are positioned to turn the Ķiršu kalna mājas concept into a tangible, well-built community.
Industry implications
This agreement highlights the continued collaboration between developers and builders in the Baltic region, underscoring confidence in market demand and the capacity of local teams to execute sophisticated residential projects. As housing supply evolves, such partnerships are likely to shape future project timelines, procurement strategies, and sustainability initiatives across the sector.
