Hepsor Phoenix 2 OÜ, Hepsor AS group company, and Mitt&Perlebach OÜ signed a construction agreement on 8 March 2023 for the construction of the Manufaktuuri 7 development project in the Manufaktuuri Quarter in Tallinn. The value of the construction agreement is approximately 18.5 million euros excluding VAT. The construction and sales of the project of 154-apartments and 450 sqm commercial space started already in the third quarter of 2022.

The project will be completed at the end of 2024. It is the second stage of the development of a historical residential and commercial quarter. The first phase of the project, Sitsi Õunaaed (269 apartments), was completed in 2019.

A total of approximately 500 apartments and 5,600 sqm of commercial space will be built in the quarter that is being developed together with Tolaram Group, Hepsor's long-term co-operation partner.