GROUP CEO’S REVIEW Summer is traditionally the low season in the real estate market, but this year it did not apply to Arco Vara, as the third quarter showed. Although interest rates remain high, Arco Vara has been successful in…
EfTEN Real Estate Fund AS earned €2.540 million in net rental income in September, which is €74 thousand more than in August. The fund’s gross rental income decreased by €6 thousand to €2.544 million, primarily due to the decrease in…
LHV Pank updated the equity research and price target of EfTEN Real Estate Fund AS (EfTEN; EFT1T) shares. According to the analysis, the new price target for the share is in the range of 19 to 20,1 euros. That is…
Housing affordability fell even further; now housing is unaffordable in Vilnius and Tallinn Interest rates are bogging down recovery With interest rates continuing to soar, housing affordability fell further. In the second quarter, Tallinn joins Vilnius in the sub-100 index…
All key interest rates increased by another 25 basis points, to record high levels We maintain our forecast that this was the last rate increase in the current hiking cycle As we have expected, today the Governing Council has delivered…
Economic weakness is broadening, lower inflation going forward A very close call, but hawks are likely to get another and final 25bps hike More evidence of economic weakness emerged during recent months – in August euro area services PMI fell…
EfTEN Real Estate Fund AS generated rental income of €2,549 thousand in August 2023, an increase of €17 thousand compared to July 2023. The primary contributor to this increase was an adjustment in the rental rate for Valkla Elderly Home,…
AS Pro Kapital Grupp (hereinafter referred to as the Issuer) has issued 3,459,081 unsecured bonds with ISIN EE3300001676 (hereinafter the Bonds) in the total value of 9,685,426.80 euros. The Bonds bear 8% interest and their Redemption Date1 is 31 October…
EfTEN Real Estate Fund AS earned consolidated EBITDA €2,217 thousand in July, an increase of €25 thousand as compared to June. In July, the consolidated rental income of EfTEN Real Estate Fund AS totaled €2,532 thousand, which is €15 thousand…
Management Board of Northern Horizon Capital AS has approved the unaudited consolidated interim financial statements of Baltic Horizon Fund (the Fund) for the six months of 2023. Property valuations In June 2023, the portfolio valuations were conducted by the independent…
The dynamics of the construction market reflect the ongoing economic downturn and uncertainty about the future. Although the increase in the construction price index slowed in the second quarter of this year and the construction price index fell by 0.5%…
COMMENTARY FROM MANAGEMENT Q2 2023 revenue for Merko Ehitus was EUR 142 million and the H1 figure was EUR 217 million. Net profit in Q2 was EUR 13.6 million and net profit for the last six months was EUR 19.4…
EfTEN United Property Fund earned a net loss of 71 thousand euros in the first half of 2023, including 37 thousand euros in the second quarter. The loss was primarily related to the revaluation and decrease in the value of…
The net asset value (NAV) of the EfTEN United Property Fund was 10.61 euros as of June 30, 2023. The NAV decreased by 0.3% in a month, which was related to the regular evaluation of the fund’s investments. Since the…
All key interest rates increased by another 25 basis points, to record high levels l We maintain our forecast that this was the last rate increase in current hiking cycle As expected, today the Governing Council decided to raise all…