On Friday, 4 September 2026, the public offering of bonds by Hepsor AS (registration number 12099216, address Järvevena tee 7b, 10112, Tallinn, Estonia; Hepsor) (the ‘Offering’) ended. This was the second series of Hepsor’s €20 million bond programme, which was…
On Tuesday, 8 September 2026 at 10.00, the public offering of bonds issued by AS Pro Kapital Grupp (hereinafter also referred to as Pro Kapital) will commence, aimed at retail and qualified investors in Estonia, Latvia and Lithuania. The offer…
Hepsor AS (registry code 12099216, address Järvevena tee 7b, 10112, Tallinn, Estonia; Hepsor) announces the public offering of the second series of Bonds (Offering) under its EUR 20 million bond programme (Programme). Through the Offering, Hepsor will raise up to EUR…
A building permit has been granted for a year-round outdoor bathing and sauna complex on the Kalasadam waterfront in Tallinn, a project that will also restore the area’s historic fish harbour. The €25 million complex is being developed jointly by…
At the EfTEN Real Estate Fund AS Annual General Meeting held on 7 April 2026, 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…
In the first half of the year, the gradual recovery of the Estonian economy continued, but the economic environment remained affected by geopolitical uncertainty and fluctuations in energy prices. According to the latest published forecasts, Estonia’s 2026 economic growth is…
COMMENTARY FROM MANAGEMENT Merko Ehitus generated revenue of EUR 93 million in the second quarter of 2026 and EUR 150 million in the first half of the year. Net profit amounted to EUR 8.5 million for the second quarter and…
Hepsor AS (registry code 12099216, address Järvevana tee 7b, 10112 Tallinn, Estonia; “Hepsor”) plans to issue bonds (hereinafter the “Bonds”) under its EUR 20 million bond programme. The new issue is planned for the last week of August. Hepsor will…
Estonia’s real GDP increased by 2.1% y/y and by 0.4% q/q (seasonally and working day adjusted – swda) in the second quarter of 2026. This is the first estimate that is usually substantially revised later. The personal income tax reform…
Activity in the residential real estate market remained strong in the second quarter of 2026, and we maintained the sales pace achieved in the first half of the year. During the quarter, we signed 57 sales contracts (contracts under the law of…
Arco Vara AS has sold the Helme padel venue located at Helme 18 in Tallinn. The sale price, including VAT, amounted to EUR 2.88 million, exceeding the asset’s carrying value. The transaction is in line with the company’s strategy to…
The first half of 2026 marked a transitional period for the Group’s development projects within the investment cycle, characterised by a small remaining stock of ready-to-sell apartments, which in turn affected the Group’s financial results for the reporting period. At…
Tallinna Linnaplaneerimise Amet saatis 17. juulil Rahvusooper Estoniale tutvumiseks ja arvamuse avaldamiseks tagasiside nende juunikuus esitatud detailplaneeringu muinsuskaitse eritingimuste taotlusele. Enne lõpliku otsuse tegemist annab linn Rahvusooper Estoniale võimaluse esitada kahe nädala jooksul oma seisukohad ja vastuväited. Tallinna Linnaplaneerimise Amet…
EfTEN United Property Fund has entered into a sale agreement with UAB M7 investicijos (Lithuanian company registry code 307671275) for the sale of its subsidiary EfTEN M7 UAB, which owns the office building at Menulio 7 in Vilnius. The transaction…
On 19 June 2026, AS Merko Ehitus Eesti, part of the AS Merko Ehitus group, and Estconde Invest OÜ signed an amendment to the design-and-build contract from 5 September 2024, for the construction of an office building located at Tartu…
