Uudiste arhiiv

 

EfTEN: The net value of EfTEN Real Estate Fund III AS shares as of 31.01.2023

eften real estate fund iii

In December 2022, the general meetings of EfTEN Real Estate Fund III AS and EfTEN Kinnisvarafond AS decided to approve the merger of the funds with a balance sheet date of 01.01.2023. Although the final legal merger is expected to…

Merko: Construction contract in Lithuania (electrical substation for a wind farm)

Merko

On 9 February 2023 UAB Merko Statyba, part of AS Merko Ehitus group, and UAB Energijos Žara, 100% subsidiary of Enefit Green AS, part of AS Eesti Energia group, entered into a contract for the construction of electrical substation for…

Merko: 2022 12 months and IV quarter consolidated unaudited interim report

Merko

COMMENTARY FROM MANAGEMENT Merko Ehitus revenue was EUR 143 million in Q4 2022, and the revenue for 12 months amounted to EUR 410 million, while the respective figures for net profit were EUR 17.6 million and 12 months was EUR…

Baltic Horizon: Baltic Horizon Fund to sell Domus Pro office building and retail park in Vilnius, Lithuania

baltic horizon fund

Baltic Horizon Fund (the Fund) signed yesterday, 8 February 2023, following the end of the Nasdaq trading day, an agreement with UAB “PREF III” to sell 100% shares of BH Domus PRO UAB which owns Domus Pro office building and…

EfTEN: EfTEN United Property Fund unaudited financial results for the 4th quarter and 12 months of 2022

eften united property fund

The EfTEN United Property Fund earned 1,68 million euros in revenue (0,8 million euros in 2021) and 1,44 million euros in net profit (0,78 million euros in 2021) in 2022. In the 4th quarter of 2022 revenues amounted to 0,33 million…

Swedbank: Economy Heat Index – Energy shock turned the heat on the Baltics

Swedbank

The economy heat index (EHI) rose rapidly over 2022. Rapid post-pandemic recovery and economic stimulus led to a strong growth in demand and a labour market recovery. Meanwhile, war-induced disruptions and energy shock adversely affected the supply side. Strong demand,…

Baltic Horizon: Baltic Horizon Fund sold its share in the parking house of Europa Shopping Centre to UAB “Prime Location Property Fund” in Vilnius, Lithuania

Baltic Horizon

The owner of Europa Shopping Centre in Vilnius, BH Europa UAB, an SPV of Baltic Horizon real estate fund, signed and closed a real estate sale and purchase agreement with UAB “Prime Location Property Fund” on Friday, 30 December 2022,…

Merko: Construction contract in Lithuania (NATO training center buildings in Vilnius)

merko 2

On 23 November 2022, UAB Merko Statyba, part of AS Merko Ehitus group, and North Atlantic Treaty Organization (NATO) Support and Procurement Agency entered into a contract for the construction works of training center buildings in Vilnius, Lithuania. The contract…

Baltic Horizon: Baltic Horizon Fund plans a sustainability-linked bond programme

baltic horizon fund

Northern Horizon Capital AS is planning a sustainability-linked bond programme of Baltic Horizon Fund in a total amount of up to 50 million euros to be issued in one or several series over the next 12 months. The offering of…

Pro Kapital: Pro Kapital Council approved Consolidated Interim Report for III Quarter and 9 Months of 2022 (Unaudited)

Pro Kapital

MANAGEMENT REPORT CEO summary The third quarter of 2022 continued the trend we have seen in Q2, with a strong demand for real estate assets in the Baltic countries (particularly Estonia and Lithuania). The market still seems resilient, despite the…

Baltic Horizon: Baltic Horizon Fund consolidated unaudited results for Q1-Q3 2022

baltic horizon fund

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 2022. Net result and net rental income The Group recorded a net profit…

Nordecon: 2022 III quarter and 9 months consolidated interim report (unaudited)

nordecon

Despite the difficult economic environment, the group’s 9-month result is characterized by an increase in sales revenue and operating profit. Results for the Buildings and Infrastructure segments differ significantly. Although the profitability of the Buildings segment decreased in the 3rd…

Merko: 2022 9 months and III quarter consolidated unaudited interim report

merko 2

COMMENTARY FROM MANAGEMENT Merko Ehitus revenue was EUR 110 million in Q3 2022 and the revenue for the first nine months of the year amounted to EUR 266 million, while the respective figures for net profit were EUR 9.8 million…

Merko: Construction of the third stage of the Vilneles Skverai residential project (Vilnius, Lithuania)

merko 2

UAB Merko Būstas, part of AS Merko Ehitus group, has started the construction of the third stage of the Vilneles Skverai residential project (merko.lt/vilnelesskverai/), located on the outskirts of the Old Town of Vilnius. The new stage includes eight apartment…

Swedbank: Baltic HAI – The likely end of boom years

Swedbank

The housing affordability index (HAI) slipped as abnormal price growth gained momentum. Falling affordability and purchasing power, as well as bleak expectations, are likely to curb demand and stifle price growth. The record-high housing affordability that we have seen over…