Summus Capital, one of the leading real estate investment holding groups in the Baltics, acquires a real estate property in the Polish market. The Libero Katowice shopping centre, which will be added to the company’s portfolio, was acquired at a…
Following the departure of Arco Vara Bulgaria’s former Managing Director, Daniel Yordanov, Arco Vara AS has appointed Christian Petrov as the new head of its Bulgarian subsidiaries. The main responsibility of the new manager is to ensure the smooth continuation…
GROUP CEO’S REVIEW The Estonian real estate market in the third quarter of 2025 was characterized by stable and moderately recovering activity. The number of transactions remained at a comparable level to the previous quarter, indicating that the market is…
Summus Capital, one of the leading real estate investment companies in the Baltics and Poland, has sold two commercial properties in Estonia and Latvia to INDEXO Real Estate Fund AS, a fund managed by Provendi asset management AIFP. The portfolio…
The net asset value (NAV) of EfTEN United Property Fund units was 11,34 euros at the end of September, up 0,33% month-on-month. The somewhat smaller-than-usual increase in NAV was related to the investment into the listed fund EfTEN Real Estate…
Publicly listed real estate developer Hepsor, in cooperation with LHV Pank, is preparing a bond programme and plans to list the bonds on the main list of the Nasdaq Tallinn Stock Exchange in order to diversify the company’s financing structure…
AS Nordecon group company Embach Ehitus OÜ and Kaarsilla Kinnisvara OÜ entered into a contract for the construction of a commercial building in Narva, Kreenholmi 54A. The total cost of the contract is 5.05 million euros excluding VAT, and the…
Scope Ratings GmbH has affirmed its BB/Stable issuer rating for Summus Capital OÜ and maintained the senior unsecured debt rating of BB. The affirmation by Scope reflects Summus’ solid operating performance and successful expansion into Poland. Summus Capital’s balanced, high-quality…
AS Nordecon group company Embach Ehitus OÜ and Riigi Kinnisvara AS (State Real Estate Ltd) entered into a contract for the reconstruction of Võru riigimaja (Võru State Building) in Võru, Jüri 12. The total cost of the contract is 4.7…
Arco Vara AS announces its intention to issue bonds in September 2025. The exact terms and timeline of the offering will be published shortly. The purpose of the public bond offering is primarily to finance a new development project –…
The main business activity of Trigon Property Development AS is real estate development. As at 30.06.2025, AS Trigon Property Development owned one development project with an area of 13.2 hectares in the City of Pärnu, Estonia. A commercial, industrial and…
On August 19, 2025, Tallinna Teede AS, part of AS Merko Ehitus group, and Tallinn Urban Environment and Public Works Department, with co-financiers AS Tallinna Vesi and OÜ Rail Baltic Estonia, entered into an agreement for the reconstruction of the…
Invego Latvia OÜ, a company listed on the Nasdaq Tallinn First North market, will disclose its interim report for the first half of 2025 (covering the period from 18 March 2025 to 30 June 2025). The report will be available:…
The net asset value (NAV) of EfTEN United Property Fund units was 11.24 euros at the end of July, up 0.6% month-on-month. The fund earned 166 thousand euros in net profit in July and 1.846 million euros in net profit…
Summus Capital OÜ has released its consolidated financial results for the second quarter of 2025, demonstrating solid performance and strategic portfolio optimization. Key Q2 2025 Highlights: Consolidated sales revenue was EUR 13.5 million, which represents a slight quarterly decrease. Operating…