In Q4 2025, Estonia’s real GDP increased by 1% y/y and remained unchanged over the quarter (seasonally and working day adjusted – swda), according to the flash estimate from Statistics Estonia. The Estonian economy emerged from the downturn last year,…
Alike in previous quarter, the market remained active in the fourth quarter of 2025. A total of 60 sales contracts (contracts under the law of obligations) were signed during the quarter (Q3 2025: 60; Q4 2024: 34). In the 12…
As of 1 February 2026, Kadri Koplimäe will return to the position of Chief Financial Officer of Endover OÜ, taking over the role from Tiina Malm, who joined the company last year. According to Endover’s CEO Roul Tutt, the decision…
Fund Manager’s Commentary Despite a challenging economic environment, EfTEN Real Estate Fund AS succeeded in 2025 in increasing both total consolidated rental income (+3%) and portfolio EBITDA (+1.3%). During 2025, the Fund’s subsidiaries made new investments amounting to €6.6 million…
Kristina Mustonen, Member of the Management Board and Chief Executive Officer at Arco Vara AS has submitted her resignation from the positions of Member of the Management Board and Chief Executive Officer on her own initiative. According to Kert Keskpaik,…
The Nordic Real Estate Forum 2026 programme is Now Live 🚀 Time to Rethink Real Estate and Be Part of the Biggest Real Estate Event in the Region! 📅 4 March 2026 📍 Tallinn Creative Hub 🌐 Format: On-site &…
On January 15, 2026, UAB Merko Statyba, part of the AS Merko Ehitus group, and the Lithuanian Ministry of Defence signed two separate public-private partnership (PPP) contracts for the design and construction of Parts B and C of the Rūdninkai…
Arco Vara AS announces a change in the structure of shareholders holding a significant shareholding. On 14 January 2026, Peeda OÜ notified Arco Vara AS that it has acquired 1,215,000 shares of Arco Vara AS, corresponding to 7.0% of the…
Comment from Fund Manager Viljar Arakas Excluding revaluations of investment properties, EfTEN Real Estate Fund AS achieved the strongest operating results in its history in 2025. The Fund’s consolidated rental income increased by 3.1% compared to the previous year, driven…
SIA Hepsor E18, a subsidiary of Hepsor AS Group, and construction company Mitt & Perlebach signed a contract on 30 December 2025 for the construction of the residential development project “Ķiršu kalna mājas” in the Dzirciems neighbourhood of Riga. The…
With the 09.08.2021 stock exchange announcement, AS Merko Ehitus disclosed information concerning the decision of the Latvian Competition Council according to which the group’s then subsidiary SIA Merks is considered one of the nine companies involved in the prohibited cooperation…
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…
