MANAGEMENT REPORT Real Estate Development Tallinn During the first quarter of 2025, construction of the final phase of the Kalaranna development (4 buildings, 146 units) reached substantial completion, although some minor finishing works continued into the second quarter. As of…
Declining interest rates and solid wage growth, especially in Riga and Vilnius, increased housing affordability. The ECB could cut rates three more times this year, which will support affordability going forward. Housing markets in the Baltic capitals seem to be…
EfTEN Real Estate Fund AS earned strong financial results in April. Consolidated rental income reached 2,611 thousand euros, increasing by 55 thousand euros compared to March. The increase in rental income was primarily driven by the first rental payments from…
Arco Vara AS subsidiaries Arco L Factory OÜ, Arco L Torn OÜ, Arco L Torn II OÜ, and Grupi Halduse OÜ have acquired full ownership of the Luther Quarter. The quarter consists of 15 properties and is located in central…
Management Board of Northern Horizon Capital AS has approved the unaudited financial results of Baltic Horizon Fund (the Fund) for the three months of 2025. Our strategic ambitions Over the past years, our focus has been on reshaping our strategy to…
Baltic Horizon Fund publishes interest rate applicable to the fund’s 5-year bonds (ISIN: EE3300003235) for the next 3-months interest period which starts on 8 May 2025. The annual interest rate applicable to the bonds for the interest period as referred…
In early April when the US administration communicated its reciprocal tariffs, shock waves hit the global economy. Trump’s tariffs and the related uncertainty on policy will hit the US economy and inevitably also weigh on the global economy. We have…
In Q1 2025, Estonian GDP increased 1.2% y/y in real terms, while it rose 0.1% q/q (seasonally and working day adjusted – swda), according to the flash estimate of Statistics Estonia. As the economy is doing better and export opportunities…
In the first quarter of 2025, EfTEN Real Estate Fund AS invested a significant part of the capital raised in the previous quarter, primarily in the elderly care home segment. In February, the Fund’s 100% subsidiary EfTEN Hiiu OÜ signed…
The recovery from the market lows that started in the second half of last year continued in the first quarter of 2025. During the quarter, we signed a total of 25 contracts under the law of obligation (sales contracts; 2024…
Audited annual report 2024 of AS Pro Kapital Grupp The Supervisory Board of AS Pro Kapital Grupp has approved the Group’s audited annual report for 2024. In 2024, AS Pro Kapital Grupp (hereafter referred to as the Group) revenue amounted…
GROUP CEO’S REVIEW The first quarter of 2025 continued the moderate recovery in Estonia’s real estate market that began at the end of 2024. Despite the generally cautious economic sentiment, the market remained stable and showed the first credible signs…
The Management Board of Hepsor AS has prepared the audited annual report for 2024. Compared to the unaudited financial results published on 19 February 2025, there are no differences in the financial results in the audited report. The consolidated sales…
EfTEN Real Estate Fund AS earned EUR 7.678 million in consolidated rental income during the first quarter, representing a 0.5% increase compared to the same period last year. The Fund’s consolidated EBITDA amounted to EUR 6.181 million, which is 4.3%…
GROUP CEO’S REVIEW The year 2024 brought numerous challenges in the sector of real estate, requiring companies to be flexible, exercise strategic planning, and adapt to the changing market conditions. The real estate developer Arco Vara faced a complicated economic…
