Compared to the optimistic forecasts at the beginning of the year, Estonia’s economy grew modestly by 1%, according to preliminary estimates. The construction market stabilised, with a slight increase in activity in the second half of the year in both…
COMMENTARY FROM MANAGEMENT In the fourth quarter of 2025, Merko Ehitus generated revenue of EUR 69 million and net profit of EUR 3.2 million; for the full year, revenue was EUR 311 million and net profit EUR 39.9 million. In…
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…
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,…
Esmakordselt oma tegevusajaloo jooksul rajanesid EfTEN United Property Fund’i majandustulemused 2025. aastal täies mahus investeeritud portfellil. Fond saavutas aastaga suurima puhaskasumi alates asutamisest, mis võrreldes 2024. aastaga kasvas 2,2 korda. EfTEN United Property Fund teenis 2025. aastal 3,57 miljonit eurot…
For the first time in history, EfTEN United Property Fund’s financial results in 2025 were based on a fully invested portfolio. The fund achieved historically highest profit, which increased by 2.2 times compared to 2024: EfTEN United Property Fund earned…
Kaamos Kinnisvara arendatavas Avala ärikvartalis käivad täies hoos ehitustööd, mis jõuavad lõpule 2027. aasta kevadeks, mil valmib 10-korruseline Sirius. Hoone saab ühtlasi uueks Enefiti peakontoriks, kes kolib majja kohe pärast selle valmimist. „Sirius lõpetab Avala ärikvartali arenduse ning toob järgmisel…
EfTEN United Property Fund teenis novembris puhaskasumit 236 tuhat eurot ning 2025. aasta 11 kuuga 2,45 miljonit eurot (eelmisel aastal samal ajal 808 tuhat eurot). Fondiosaku puhasväärtus (NAV) oli novembri lõpus 11,31 eurot, kasvades kuuga 0,8%. Kui fondi investeeringut EfTEN…
Previously (10.11.2025), the fund has notified the stock exchange, based on the authorizations received from the General Meeting of the Shareholders, of conducting a directed offering of the fund’s shares and increasing the share capital by issuing 84,506 new ordinary…
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…
EfTEN United Property Fund teenis oktoobris puhaskasumit 110 tuhat eurot ning 2025. aasta kümne kuuga 2,214 miljonit eurot (eelmisel aastal samal ajal 724 tuhat eurot). Oktoobris otsustas fond teha investoritele rahalise väljamakse summas 420 tuhat eurot ehk 16,9 euro senti…
EfTEN United Property Fund earned a net profit of 110 thousand euros in October and 2.214 million euros in the first ten months of 2025 (the same period last year was 724 thousand euros). In October, the fund decided to…
Summus Capital OÜ has released its consolidated financial results for the third quarter of 2025, highlighting stable financial performance, a strong balance sheet and continued portfolio optimization across the Baltic region and Poland. In the third quarter of 2025, the…
At the EfTEN Real Estate Fund AS Annual General Meeting held on 8 April 2025, the shareholders authorised the Supervisory Board, for one year from the adoption of the resolution, to decide on increasing the fund’s share capital by carrying…
