AS Pro Kapital Grupp subsidiary company in Lithuania purchased via auction the Vilnius College building, located in the very centre of the capital city, on Naugarduko street. The acquisition deal, valued at €6.25 million, was completed on August 30th. The…
MANAGEMENT REPORT CEO summary The second quarter of 2022 continued the trend we have seen in Q1, with a strong demand for real estate assets in the Baltic countries (particularly Estonia and Lithuania). Our available inventory is mainly sold, but…
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 2022. Distributions to unitholders for Q1 2022 and Q2 2022 Fund results On 28…
Despite the continued difficult external environment, the second quarter and first half of 2022 were overall profitable for the group. The increase in sales revenue also continued, which is largely based on the fulfillment of construction contracts concluded in previous…
COMMENTARY FROM MANAGEMENT Merko Ehitus revenue was EUR 88 million in Q2 2022, and EUR 156 million in H1 2022, while the respective figures for net profit were EUR 4.2 million and EUR 7.2 million. This year, Merko has delivered…
The net asset value (NAV) of the EfTEN United Property Fund was 10.82 euros as of June 30, 2022, increasing by 1.8% over the month. Since the start of the fund in June 2021, the NAV of the fund has…
The net asset value (NAV) of Baltic Horizon Fund (the Fund) unit at end of June 2022 amounted to EUR 1.1215 per unit. Compared to the previous month, NAV per unit increased by +0.54%. The total net asset value of…
Nordecon AS kontserni kuuluv ettevõte NOBE (ärinimi Nordecon Betoon OÜ) ja UAB Degaičių vėjas sõlmisid lepingu Leetu Telšiai linna lähedusse rajatava tuulepargi tuulikute vundamentide ehituseks. Leping hõlmab endas nii pinnase-, vaia- kui ka betoonitöid. Tuulepark on koguvõimsusega 60,0 MW. UAB…
NOBE (corporate name Nordecon Betoon OÜ), a Nordecon Group company entered into a contract with UAB Degaičių vėjas for the construction of the foundations of wind turbines to be erected in windfarm close to the city of Telšiai in Lithuania.…
The net asset value (NAV) of the share of EfTEN Real Estate Fund III AS was 19.8596 euros as of 30.06.2022, increasing by 4.2% in June. The net value of the EPRA share (net book value without taking into account…
Retreating pandemic risks and looser virus curbs have made shopping and services consumption more accessible and more enjoyable in the Baltics. According to the Google mobility data, the flow of people in retail stores and recreation places was notably larger…
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…
COMMENTARY FROM MANAGEMENT Merko Ehitus sales revenue in the first quarter was EUR 68.4 million and net profit EUR 3.0 million. The sales revenue for the 3 months of 2022 increased by 14% compared to the same period of previous…
The management board of Hepsor AS (registry code 12099216, address Järvevana 7b, 10112 Tallinn) calls the annual general meeting of the shareholders to be held on Wednesday, 25 May 2022 at 11:00 in the conference hall of L’Embitu Hotel at…
Management Board of Northern Horizon Capital AS has approved the audited financial results of Baltic Horizon Fund (the Fund) for the year 2021. The financial results remained unchanged compared to the preliminary disclosure on 15 February 2022. Distributions to unitholders for…
