Uudiste arhiiv

 

Baltic Horizon: Baltic Horizon Fund declares quarterly cash distribution of approx. EUR 2.27 million to investors

Baltic Horizon Fund

Northern Horizon Capital AS as the management company of Baltic Horizon Fund (the Fund) has approved a cash distribution of approx. 1.79% of the Fund’s Q4 2021 weighted average net asset value to its unitholders. This equals approx. EUR 2.27

Hepsor: Kvarta SIA, subsidiary of Hepsor AS in Latvia, signs 7.5 m€ loan agreement to finance the construction of development project

Hepsor

Hepsor U30 SIA, a subsidiary of Hepsor AS in Latvia, signed 7.5 million euro loan agreement with Bigbank AS Latvian affiliate on 1 February 2022. The purpose of the three-year loan is to finance the construction of Kuldigas Parks project

EfTEN: EfTEN Real Estate Fund III AS unaudited results for 4th quarter and 12 months 2021

EfTEN Real Estate Fund

Comment of the fund manager regarding the 2021. year’s results The year 2021 turned out to be a successful year above expectations for EfTEN Real Estate Fund III AS. Despite the two coronavirus waves that occurred during the year, the

Hepsor: Division of Hepsor P26B OÜ, subsidiary of property development company Hepsor AS

Hepsor

Shareholders of Hepsor P26B OÜ, a subsidiary of property development company Hepsor AS, approved the company’s notarized division plan on 7 December 2021. Hepsor AS holds 51% of Hepsor P26B OÜ, a company established for development of Lauluväljaku Lilleaia project.

Hepsor: Subsidiary of Hepsor AS to acquire 50% of Latvian residential property project of 116 apartments

Hepsor

Subject to an option agreement signed in 2021 Hepsor Latvia OÜ exercised an option to acquire 50% of Kvarta Holding OÜ. Kvarta Holding OÜ owns 100% of Kvarta SIA, which is developing a 116-apartment residential property at Gregora 2a, Riga.

EfTEN: Net asset value of EfTEN Real Estate Fund III AS as of 31.12.2021

EfTEN Real Estate Fund

The net asset value (NAV) of EfTEN Real Estate Fund III AS was 19,1057 euros as of 31 December 2021, increasing by 4.2% during December. The net asset value of the EPRA share (net book value excluding the deferred income

Swedbank: Prices increase more than wages in Estonia

Swedbank

Annual inflation reached 8.8% in November. The prices of energy and food contributed the most. Price growth is likely to accelerate further in December. The rise in prices is expected to decelerate next spring. Inflation picked up as expected. Inflation

Trigon Property Development: Unaudited financial report for the third quarter and 9 months of 2021

Trigon Property Development

The main business activity of Trigon Property Development AS is real estate development. As at 30.09.2021, AS Trigon Property Development owned one development project with an area of 14.3 hectares in the City of Pärnu, Estonia. An industrial and logistics

Swedbank: Labour shortages hamper growth in Estonia

Swedbank

The crisis is receding in the labour market. The unemployment rate declined to 5.7% in the third quarter. The unemployment rate is still relatively high, but the lack of suitable labour is a growing concern. 40-50% of employers report labour

Baltic Horizon: Baltic Horizon Fund consolidated unaudited interim results for Q3 2021

Baltic Horizon Fund

Management Board of Northern Horizon Capital AS (the Management Company) has approved the unaudited consolidated interim financial statements of Baltic Horizon Fund (the Fund) for the first nine months of 2021. Baltic Horizon wins EPRA Gold award Baltic Horizon Fund

Baltic Horizon: Baltic Horizon Fund increases quarterly cash distribution to approx. EUR 2.03 million to investors

Baltic Horizon Fund

Northern Horizon Capital AS as the management company of Baltic Horizon Fund (the Fund) has approved a cash distribution of approx. 1.63% of the Fund’s Q3 2021 weighted average net asset value to its unitholders. This equals approx. EUR 2.03

EfTEN: EfTEN Real Estate Fund III AS unaudited results for 3rd quarter and nine months 2021

EfTEN Real Estate Fund

EfTEN Real Estate Fund III AS’s consolidated sales revenue for the third quarter of 2021 totalled 3.458 million euros (3rd quarter of 2020: 2.833 million euros), increasing by 22% year-on-year. The increase in sales revenue is 68% due to new

Baltic Horizon: Baltic Horizon Fund has signed a framework agreement with EBRD and plans private placement of new units

Baltic Horizon Fund

Northern Horizon Capital AS and European Bank for Reconstruction and Development (“EBRD”) entered into a framework agreement whereby Baltic Horizon Fund has undertaken to comply with certain EBRD policies and requirements regarding environment, social compliance and corporate governance should EBRD

Swedbank: Inflation accelerated further in Estonia

Swedbank

In September, consumer prices increased by 6.6%, over the year. 60% of the increase in prices came from energy products, especially more expensive electricity and motor fuels.  Wages and pensions have risen at least as much as prices.  Higher prices

Arco Vara AS: resolution of shareholders adopted without calling a general meeting

Arco Vara

The management board of Arco Vara AS (registry code 10261718, hereinafter the Company) proposed to adopt the below resolution of the shareholders without calling a general meeting. The notification of adoption of a resolution of the shareholders without calling a