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…
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…
