On Thursday, 4 March 2026, the public bond offering (the Offering) of Volta SKAI OÜ (registry code 16359341, address Maakri tn 19/1, 10145, Tallinn, Estonia; Volta SKAI) closed. This was the third series under Volta SKAI’s €30 million bond programme, conducted on…
Spain isn’t just about beaches and balconies. It’s about capital, growth corridors, urban regeneration — and smart cross-border investment. At Nordic Real Estate Forum 2026, we’re turning the spotlight to Spain’s evolving real estate landscape and the opportunities that go…
Real estate does not operate in isolation. It responds to interest rates, geopolitical developments, capital flows, and policy decisions that shape markets far beyond national borders. At Nordic Real Estate Forum 2026, this high-level macroeconomics discussion will examine how global…
The Supervisory Board of EfTEN Real Estate Fund AS has approved the fund’s audited annual report for 2025 and will submit it for approval at the General Meeting of Shareholders. The Fund’s financial results in the audited report have not…
The Supervisory Board of Arco Vara has appointed Rait Riim as the new CEO of Arco Vara AS. According to the decision of the Supervisory Board, Rait Riim’s authority will take effect on April 1, 2026 and will be valid…
Summus Capital OÜ announced its consolidated financial results for the fourth quarter of 2025, reflecting a strong year driven by strategic acquisitions, divestments and positive revaluation effects. Its consolidated balance sheet reached over EUR 623 million at year-end as a…
By a resolution of the shareholders of Embach Ehitus OÜ, a 51%‑owned subsidiary of Nordecon AS, Ahto Aruväli has been appointed as a new member of the management board and will assume responsibility for leading Embach Ehitus OÜ’s North Estonia…
EfTEN United Property Fund teenis jaanuaris puhaskasumit 223 tuhat eurot (eelmisel aastal samal ajal 408 tuhat eurot). Kasumi vähenemine oli eelkõige seotud fondi investeeringuga EfTEN Real Estate Fund AS aktsiatesse, mille hind Tallinna Väärtpaberibörsil kasvas 2026. aasta jaanuaris 2,9% võrreldes…
EfTEN United Property Fund earned a net profit of 223 thousand euros in January (the same period last year: 408 thousand euros). Decrease in profit was primarily related to the investment in EfTEN Real Estate Fund AS shares, which share…
NREF 2026 is approaching — and we’re excited to bring together the real estate community once again for a full day of forward-looking discussions, fresh perspectives, and high-level networking. On March 4, 2026, industry leaders, investors, developers, and decision-makers from…
EfTEN Real Estate Fund AS is selling the DSV logistics property in Riga at 500 thousands euros above the balance sheet value. The transaction is structured as a share deal selling the 100% subsidiary EfTEN Krustpils SIA (registration number with…
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…
