In Q3 2025, Estonian GDP increased by 0.9% y/y and by 0.4% q/q (seasonally and working day adjusted – swda) in real terms, according to Statistics Estonia. In the first three quarters, real GDP grew by 0.3% over the year.…
The main business activity of Trigon Property Development AS is real estate development. As at 30.09.2025, AS Trigon Property Development owned one development project with an area of 13.2 hectares in the City of Pärnu, Estonia. A commercial, industrial and…
On Friday, 21 November 2025, the public offering of bonds of Hepsor AS (registry code 12099216, address Järvevana tee 7b, 10112 Tallinn, Estonia; Hepsor) ended (the Offering). This was the first series of Hepsor’s 20-million-euro bond programme, which was carried…
Hepsor AS (registry code 12099216, address Järvevena tee 7b, 10112, Tallinn, Estonia; Hepsor) announces a bond programme (Programme) in the total amount of EUR 20 million and a public offering (hereinafter Offer) of the first series of bonds under the Programme. As…
COMMENTARY FROM MANAGEMENT Merko Ehitus generated revenue of EUR 74 million in the third quarter of 2025 and EUR 242 million in the first 9 months of the year. Net profit for Q3 amounted to EUR 15.0 million, while net…
In the third quarter of 2025, the market remained active. During the quarter, several previously made reservations were converted into contracts under the law of obligations (sales contracts), particularly in development projects with construction scheduled for completion in 2026. A…
Arco Vara AS will pay its shareholders a dividend of EUR 0.02 net per share for the financial year 2024. The dividends will be paid out to shareholders on 12 November 2025. In accordance with the company’s approved dividend policy,…
EfTEN Capital AS, as the management company of the EfTEN United Property Fund (stock market ticker EFCUPFFT, ISIN code EE3500001609) will fix the list of investors for distribution on 31.10.2025 at the end of the working day of the registrar…
Following the departure of Arco Vara Bulgaria’s former Managing Director, Daniel Yordanov, Arco Vara AS has appointed Christian Petrov as the new head of its Bulgarian subsidiaries. The main responsibility of the new manager is to ensure the smooth continuation…
EfTEN Capital AS, as the management company of the EfTEN United Property Fund (stock market ticker EFCUPFFT, ISIN code EE3500001609) decided to make a cash distribution of 16,900 euro cents per unit, totalling 419 772 euros. The distribution constitutes approximately…
Publicly listed real estate developer Hepsor, in cooperation with LHV Pank, is preparing a bond programme and plans to list the bonds on the main list of the Nasdaq Tallinn Stock Exchange in order to diversify the company’s financing structure…
On Friday, September 19, 2025, the public offering of Arco Vara AS bonds ended. The offering was carried out on the basis of the prospectus approved by the Estonian Financial Supervision Authority on September 8, 2025. As part of the…
Liven Kodu 23 OÜ, part of the Liven AS consolidation group (Liven), won the auction organised by the Land and Spatial Development Board (Maa- ja Ruumiamet) in September 2025 for the acquisition of a development property located at Linnamäe tee…
Arco Vara AS hereby announces the public offering of its bonds. The offering will be carried out on the basis of the prospectus approved by the Estonian Financial Supervision Authority on 8 September 2025, which has been published on the…
The main business activity of Trigon Property Development AS is real estate development. As at 30.06.2025, AS Trigon Property Development owned one development project with an area of 13.2 hectares in the City of Pärnu, Estonia. A commercial, industrial and…