On 31 March 2020 the owner and operator of T1 Mall of Tallinn shopping centre, AS Tallinna Moekombinaat (TMK, a group subsidiary of AS Pro Kapital Grupp), submitted an application to Harju County Court for commencement of reorganisation proceedings with…
Northern Horizon Capital AS, the management company of Baltic Horizon Fund, will be implementing a number of relief initiatives focused on alleviating the financial hardship of the most vulnerable group of SME tenants, primarily in the retail sector, whose operations…
In response to COVID-19 outbreak, Northern Horizon Capital AS, the management company of Baltic Horizon Fund (the Fund) has taken assertive action to manage the risks arising from the pandemic and to protect the health and safety of the public,…
Wage growth remained relatively rapid and broad-based in the fourth quarter. Statistics Estonia’s wage data showed a slowdown in the annual growth rate of the full-time-equivalent average gross wage (+6.4%, over the year) in Q4 2019, mostly due to a…
In 2019, Estonian GDP growth was 4.3% y/y in real terms and 7.7% y/y in nominal terms. Although, the growth slowed from previous year, it was still strong and exceeded our expectations – our forecast, published in January, was 3.7%.…
According to the exchange release of Tallink Grupp published today and the information disclosed at their joint press conference (https://www.youtube.com/watch?v=nSyXyWUV9nU&feature=youtu.be), Tallink Group, Infortar and the City of Tallinn signed today a memorandum of understanding to develop the city owned architectural…
On 19 February 2020, it was announced that AS Pro Kapital Grupp (”Pro Kapital” or the ”Company”) had resolved to issue new senior secured, callable, fixed rate bonds 2020/2024 and that the issue proceeds would be applied for a full early…
On 11.02.2020, AS Pro Kapital Grupp group company OÜ Marsi Elu and OÜ Vanalinna Ehitus have concluded a contract for the re-construction of a stables building and additional construction of a new adjacent building as well as a semi-underground parking…
On 14 January 2020 EfTEN Real Estate Fund III AS as an acquiring fund and EfTEN Kinnisvarafond AS as a fund being acquired concluded a merger agreement with the aim of merging EfTEN Kinnisvarafond AS with EfTEN Real Estate Fund…
In Tallinn, the HAI plunged by 5.7 points in the third quarter of 2019, compared with the third quarter of 2018, and ended at 148.5, as net wage growth was slightly slower than an increase in apartment prices and interest…
In October, the people visiting the real estate conference of EKFL admitted that the sentiment of the participants in the real estate market is rather positive and no bigger systematic risks are predicted for the next few years. When looking…
Wage growth remained rapid and broad-based in the third quarter. The average full-time-equivalent gross wage amounted to EUR 1,397, up by 8.2%, over the year. Tax Authority’s gross median wage amounted to EUR 1,100, up by 10% in a year. …
New record According to Statistics Estonia, in the 3rd quarter, the unemployment rate decreased even further to a record-low 3.9%. The estimated number of the employed reached 677,000, the highest number since at least the re-independence (earlier data is not…
2096 sales-purchase transactions of apartment ownerships were concluded in September. Even though according to common logic September seems to be a rather quieter month, as it is associated with the end of summer holidays and the beginning of school, the…
AS Pro Kapital Grupp group company OÜ Kalaranna Kvartal and Nordecon AS have signed an agreement for the design and construction of the first two phases of Kalaranna Quarter. The property of Kalaranna Street 8 in Tallinn will have eight…
