On 16 November 2023, Tallinna Teede AS, part of AS Merko Ehitus group, and Estonian Transport Administration entered into a contract to perform construction works of two Rail Baltica road viaducts in Harjumaa. The contract includes the construction of the…
Northern Horizon Capital AS invites Baltic Horizon Fund unit-holders and Swedish Depositary Receipt (hereinafter the “SDR”) holders (hereinafter together the “Investors”) to attend an extraordinary General Meeting (hereinafter the “General Meeting”) of Baltic Horizon Fund on 6 December 2023 at…
Management Board of Northern Horizon Capital AS has approved the unaudited consolidated interim financial statements of Baltic Horizon Fund (the Fund) for the first nine months of 2023. Leasing activity Throughout Q1-Q3 2023, the Fund secured lease extensions with anchor…
At the 7 November 2023 meeting of the supervisory board of Nordecon AS (hereinafter the “Company”), it was decided that the Company’s 52% majority holding in OÜ Nordecon Betoon (hereinafter also the “Private Limited Company”) will be sold in full…
On November 3, 2023, the subsidiary of Hepsor AS, Hepsor VT49 OÜ, acquired two properties located at the following addresses: Harju County, Rae Parish, Peetri Village, Kodu tee 9a, and Harju County, Rae Parish, Peetri Village, Vana-Tartu mnt 49. The…
Economic environment The rapid changes in the construction market due to the economic environment have continued, complicating the growth plans of companies and other related industries in the sector, and limiting their courage to act. Coping with difficult circumstances and…
On 31 October 2023, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, signed a contract with the Centre for Defence Investment for the construction of barracks in the Ämari military campus of the Defence Forces in Harju county.…
In Q3, GDP dropped 2.5% y/y in real terms and remained on the same level compared with the previous quarter (swda), according to the flash estimate of Statistics Estonia. The GDP flash estimate was close to our expectations. Estonian GDP…
Baltic Horizon Fund announced on 8 May 2023 of completion of the non-public subscription of 5-year bonds worth EUR 42 million and the intention to list the bonds on Nasdaq Tallinn stock exchange. On 1 August 2023 Baltic Horizon Fund…
On 16 October 2023, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and Jalaka Kinnisvara OÜ, part of OÜ Ritola group, entered into an additional works agreement, which supplemented the contract for the construction of a factory building.…
The Supervisory Board of AS Merko Ehitus Eesti, part of AS Merko Ehitus group, decided to extend the powers of the Members of the Management Board, Mr. Jaan Mäe and Mr. Veljo Viitmann from 1 January 2024 for three years.…
On 5 October 2023, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and Estma HPT OÜ entered into a contract for the construction of the second stage of hotel and office building located at Sadama 4, Tallinn. The…
On October 5, Merko Ehitus group’s 100% subsidiaries OÜ Merko Kodud and AS Merko Ehitus Eesti signed a division agreement, according to which real estate development activities along with the corresponding assets and liabilities will be transferred to OÜ Merko…
Nordecon AS and Estonian Centre for Defence Investments have signed a contract for the design and construction of storage facilities in Ida-Virumaa. The total cost of the contract is approximately 9.7 million euros including VAT, and the works will be…
The tender of Nordecon AS was declared successful in the public procurement for construction of Loodusmaja (Environment Building). Nordecon and Riigi Kinnisvara AS can conclude a contract after expiration of 14-day contestation period. The value of Nordecon’s offer is 54.3…
