Estonia’s GDP dropped 2.7% year-on-year in Q4 2023 and 3.0% in 2023 in real terms (non-adjusted), according to Statistics Estonia. In quarter-on-quarter comparison, GDP continued to contract in Q4, falling by 0.7% (swda). Nominal GDP growth slowed to 4.6% in…
The Management Board of EfTEN Real Estate Fund AS (registry code 12864036; seat Tallinn, A. Lauteri 5) calls an annual general meeting of shareholders on 02 April 2024 at 10:00. Venue of the general meeting: Radisson Collection Hotel second floor conference centre hall “Tallinn”,…
The main business activity of Trigon Property Development AS is real estate development. As at 31.12.2023, AS Trigon Property Development owned one development project with an area of 12.8 hectares in the City of Pärnu, Estonia. A commercial, industrial and…
Management Board of Northern Horizon Capital AS has approved the unaudited consolidated interim financial statements of Baltic Horizon Fund (the Fund) for the twelve months of 2023. Leasing activity Throughout 2023, the Fund secured important lease extensions with anchor tenants…
GROUP CEO’S REVIEW In spite of the times with low sunlight, the team of Arco Vara showed excellent results in Q4. We got to enjoy the fruits of our extensive work and our customers got acquainted with the high level…
Enlight Research updated the equity research and price target of EfTEN Real Estate Fund AS (EfTEN; EFT1T) shares. According to the analysis, the fair value of the share is 22.79 euros under the base scenario. This is 0.95 euros higher…
COMMENTARY FROM MANAGEMENT Merko Ehitus revenue was EUR 126 million in Q4 2023, and the revenue for 12 months amounted to EUR 466 million, while the respective figures for net profit were EUR 13.9 million and 12 months was EUR…
Economic environment The construction market has experienced rapid evolution in recent years, with notable trends emerging in 2023 following developments that began in 2022. These shifts have profoundly impacted companies within the construction sector. Persistently high inflation and interest rates…
Arco Vara will build a modern padel venue at Helme 18, Tallinn, where a fully automatic padel center with six indoor courts will be housed in a one-story building with an area of approximately 2,000 square meters. Versatile opportunities for…
LHV Pank updated the equity research and price target of EfTEN Real Estate Fund AS (EfTEN; EFT1T) shares. According to the analysis, the price target for the share remains unchanged in the range of 19,0 to 20,1 euros and the…
In Q4 2023, Estonia’s GDP dropped 3.0% y/y in real terms and remained on the same level compared to the previous quarter (swda), according to the flash estimate of Statistics Estonia. Estonian GDP contracted 3.5% y/y (swda) and 3.4% (non-adjusted)…
The main keyword for 2023 was the fastest interest rate increase in the 25-year history of the Eurozone. The consolidated interest expense of EfTEN Real Estate Fund AS increased almost twice compared to a year ago in relation to EBITDA,…
The net asset value (NAV) of EfTEN United Property Fund was 10.57 euros at the end of December, decreasing by 0.8% over the month. The decrease in NAV was related to the regular valuation of the fund’s investments by Colliers…
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 subsidiary SIA Merks is considered one of the nine companies involved in the prohibited cooperation of…
AS Pro Kapital Grupp (hereinafter referred to as the Company) announced on 15 January 2024 that the Company obtained the approval in the written procedure initiated on 22 December 2023 from the holders of its EUR 28,500,000 senior secured callable…
