All main rates hiked by 50bps, more than markets expected Transmission protection instrument (TPI) introduced The Governing Council raised all three key ECB interest rates by 50bps – more than markets and most economists have expected. As we expected, new…
Over the quarter, housing affordability deteriorated in all three Baltic capitals. Compared with the same period last year, the housing affordability index (HAI) increased in Vilnius but declined in Riga and Tallinn, with the Estonian capital registering a more pronounced…
Main rates unchanged, but very clear forward guidance of upcoming rate hikes l We now forecast 25bp hike in all rates in July, followed by a 50bp hike in September The Governing Council decided to end net asset purchases under…
The net asset value (NAV) of EfTEN Real Estate Fund III AS was 19.0549 euros as of 31.05.2022, increasing by 0.8% during May. The net asset value of the EPRA share (EPRA NRV – net book value excluding the deferred…
Management Board of Northern Horizon Capital AS has approved the unaudited consolidated interim financial statements of Baltic Horizon Fund (the Fund) for the three months of 2022. Distributions to unitholders for Q1 2022 Fund results On 28 April 2022, the…
The net asset value (NAV) of EfTEN Real Estate Fund III AS was 18.9039 euros as of 30.04.2022, decreasing by 3.3% during April. The net asset value of the EPRA share (EPRA NRV – net book value excluding the deferred…
EfTEN Real Estate Fund III AS’s consolidated revenue for the first quarter of 2022 was 3.458 million euros (2021 I quarter: 2.867 million euros), increased by 21% compared to previous year. The Group’s net rental income in the first quarter…
GROUP CEO’S REVIEW The first quarter of this year brought important changes to the Arco Vara group – we founded a construction contracting company Arco Tarc OÜ. This company provides services to the developments of Arco Vara with the main…
The net asset value (NAV) of EfTEN Real Estate Fund III AS was 19.5547 euros as of 31.03.2022, increasing by 0.8% during March. The net asset value of the EPRA share (EPRA NRV – net book value excluding the deferred…
GROUP CEO’S REVIEW In the field of real estate that became volatile in 2021, Arco Vara’s collective was able to secure more than 40,000 m2 of new development volumes which will provide the Company with a solid foundation for the next…
The housing affordability index (HAI) shows high affordability in the Baltic capitals; however, the data do not depict the current situation in the market due to the time lag between real-time events and statistics. The war in Ukraine poses challenges…
The net asset value (NAV) of EfTEN Real Estate Fund III AS was 19.3997 euros as of 28.02.2022, increasing by 0.8% during February. The net asset value of the EPRA share (EPRA NRV – net book value excluding the deferred…
GROUP CEO’S REVIEW Due to the cyclical nature of real estate development, Q4 of 2021 had a predictably low sales volume and the focus was on preparing new projects. Across 12 months, the current team of Arco Vara has raised…
Management Board of Northern Horizon Capital AS (the Management Company) has approved the unaudited consolidated interim financial statements of Baltic Horizon Fund (the Fund) for the twelve months of 2021. G4S office building disposal On 8 November 2021, Baltic Horizon…
The net asset value (NAV) of EfTEN Real Estate Fund III AS was 19,2489 euros as of 31.01.2022, increasing by 0.7% during January. The net asset value of the EPRA share (EPRA NRV – net book value excluding the deferred…
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