The results of the first quarter of 2021 are characterised by a slight decrease in operating volumes compared to the same period of last year, due to projects completed in foreign markets, and new construction contracts concluded in record volumes.…
Northern Horizon Capital AS as the management company of Baltic Horizon Fund (the Fund) has approved a cash distribution of approx. 0.96% of the Fund’s Q1 2021 weighted average net asset value to its unitholders. This equals approx. EUR 1.32 million…
GROUP CEO’S REVIEW For Arco Vara, the first quarter will be characterized by the phrase that the desire to increase development volumes does not have to be just a dream. We started the preparation of a detailed plan in Tallinn…
SIA Merks, part of AS Merko Ehitus group, has started construction of Merks Duntes Zīles residential project in Riga. The project includes a 4-storey building and a 5-storey building at Pededzes St. 3 with 84 apartments, which will be completed…
SIA Merks, part of AS Merko Ehitus group, has started construction of Merks Duntes Zīles residential project in Riga. The project includes a 4-storey building and a 5-storey building at Pededzes St. 3 with 84 apartments, which will be completed…
Dear shareholder of Arco Vara AS, Notice is hereby given that the annual general meeting of Arco Vara AS (registry number 10261718; registered office at Maakri 19/1, Tallinn) will be held in the meeting room at Maakri 19/1, Tallinn on…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has started the construction of the third stage of the Lahekalda residential development project in Tallinn. The new stage includes one building with 48 apartments at Paekalda St. 14, which…
The Management Board of AS Merko Ehitus, registry code 11520257, seated at Järvevana tee 9G, Tallinn, 11314, proposes to the shareholders to adopt resolutions without convening a meeting in accordance with § 2991 of the Commercial Code. The Management Board is making…
AS Merko Ehitus consolidated audited financial results for 2020 remain unchanged compared to the preliminary disclosure on 11 February 2021. STATEMENT OF THE CHAIRMAN OF THE MANAGEMENT BOARD 2020 was a successful year for Merko – we managed to reach…
On 2 March 2021, OÜ ALARMO KAPITAL („Offeror“) began a mandatory takeover bid (“Bid”) for acquiring Arco Vara AS (“Arco Vara”) shares. The end of the Bid term was on 31 March 2021 at 16.00. Within the framework of the…
GROUP CEO’S REVIEW At the beginning of 2020, due to the constraints of COVID-19, price fluctuations and rapid market adjustment were also expected in the real estate sector, but this did not take place for new developments. Arco Vara and…
This repeat announcement includes a link to Baltic Horizon Fund 2020 financial results in European Single Electronic Format (ESEF) applying the technical requirements applicable to the issuers on regulated market is European Union. The original attachment included one incorrect XBRL…
Management Board of Northern Horizon Capital AS has approved the audited financial results of Baltic Horizon Fund (the Fund) for the year 2020. The financial results remained unchanged compared to the preliminary disclosure on 15 February 2021. Distributions to unitholders for…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to launch the fourth stage of Uus-Veerenni residential development project in the city centre of Tallinn. The new stage includes three buildings with 84 apartments, which are to…
Despite the rollercoaster during the year 2020 caused by the global pandemic, housing remained affordable in all three Baltic capitals. After severely damaged market activity during the first wave of the pandemic, the end of the year brought a spectacular…