AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to launch the second stage of Erminurme residential development project in Tartu Parish. The stage includes two buildings at Erminurme Road 12 and 16 with 37 apartments, which…
Northern Horizon Capital AS as the management company of Baltic Horizon Fund (the Fund) has approved a cash distribution of approx. 0.93% of the Fund’s Q4 2020 weighted average net asset value to its unitholders. This equals to approx. EUR 1.32…
Kodusadam OÜ, a joint venture of AS Merko Ehitus Eesti and AS BLRT Grupp, has decided to launch a new real estate development project (merko.ee/vesilennuki) in Noblessner seafront quarter, which comprises in total of five residential buildings with 161 apartments…
On 15.01.2021 AS Trigon Property Development and Sanitex OÜ concluded a real right agreement on sale of real estate property belonging to AS Trigon Property Development. The land plot sold was located at Niidu 9a with a size of 34 335…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to launch the Nõmme 328 residential development project in Tallinn. The building with 38 apartments and 6 commercial spaces will be completed in summer of 2022. The Nõmme…
Last year’s deflation was caused by sluggish demand and a decline in taxes. Inflation should return in the second quarter this year. Consumer prices decreased by 0.4% in Estonia in 2020, one of the weakest price recordings in the euro…
SIA Merks, part of AS Merko Ehitus group, has started the construction of the first stage of Merks Mežpilsēta residential project in Riga. Three 5-storey buildings with 117 apartments are to be completed by the end of 2021. Energy class…
EfTEN Pirita OÜ (former business name EfTEN SPV19 OÜ), a 100% subsidiary of EfTEN Real Estate Fund III AS, completed the registered immovable acquisition from Arca Varahaldus OÜ, located at OÜ Hunditubaka tee 12 / Karukella tee 5 in Tallinn…
Third quarter marks a recovery in the housing market Housing affordability remained high throughout the three quarters of 2020. In the third quarter, housing affordability increased in Estonia (+2.8) and Latvia (+4.1), while decreasing in Lithuania (-0.9), compared with the…
AS Pro Kapital Grupp (hereinafter Pro Kapital) informed on 22 May 2020 that the Supervisory Council of Pro Kapital has on 21 May 2020 decided to approve the issue of unsecured, callable, fixed rate non-convertible bonds by the Company (hereinafter…
AS Pro Kapital Grupp informs that it has prolonged the redemption date of 24 500 “Pro Kapital Grupp convertible bond PKG5 29.11.2014” (in the registry under EEK 7.00 PRO KAPITAL GRUPP VAHETUSVÕLAKIRI PKG5 10-2020, hereinafter referred to as Convertible Bonds…
SIA Merks, part of AS Merko Ehitus group, has started the construction of the second stage of Merks Viesturdārzs residential project in Riga. The new stage includes one building with 167 apartments and 7 commercial units, which are to be…
EfTEN SPV19 OÜ, a subsidiary of EfTEN Real Estate Fund III AS, signed a contract under the law of obligations to acquire a property located at Hunditubaka tee 12 / Karukella tee 5 in Tallinn from OÜ Arca Varahaldus. By…
Compared to the same period last year, the 9 month results of the Group in 2020 are characterised by an increase in sales revenue and operating profit, which was achieved in the context of a slight decline in gross profitability…
GROUP CEO’S REVIEW We can consider the Q3 2020 positive. The sales recovery turned out to be faster than expected, which confirms that Arco Vara’s developments meet the expectations of our clients. Construction work has also continued as planned on…