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Baltic Horizon: Baltic Horizon Fund sold its share in BH Domus PRO UAB to UAB „PREF III“

Baltic Horizon Fund

Baltic Horizon Fund closed today a transaction, in accordance to which 100% shareholding in BH Domus PRO UAB was sold to UAB „PREF III“. BH Domus PRO UAB owns Domus Pro office building and retail park in Vilnius, Lithuania. The

Swedbank: Rapid wage growth to continue

Swedbank

The average gross wage growth accelerated to 9.2% in the fourth quarter of last year, reflecting a strong labour market, unaffected by a large decline in GDP volumes. Wage growth was vigorous and broad-based. The average wage rose the most

Swedbank: Estonia: recession deepened towards the end of 2022

Swedbank

In Q4 2022, GDP contracted 4.1% y/y (non-adjusted) and 1.6% q/q (swda) in real terms. Quarter-on-quarter GDP fell throughout 2022. In 2022, GDP fell 1.3% in real terms, but expanded 15.1% in nominal terms – the fastest result of the

EfTEN: Entry of change of business name and articles of association, increase of share capital and merger of EfTEN Real Estate Fund III AS in the Commercial Register

On 28.02.2023, the merger of EfTEN Real Estate Fund III AS as an acquiring fund and EfTEN Kinnisvarafond AS as a fund being acquired was entered into the Commercial Register. As a result of the merger, EfTEN Real Estate Fund

Trigon Property Development: Unaudited financial report for the fourth quarter and 12 months of 2022

Trigon Property Development

The main business activity of Trigon Property Development AS is real estate development. As at 31.12.2022, AS Trigon Property Development owned one development project with an area of 12.8 hectares in the City of Pärnu, Estonia. A commercial, industrial and

Swedbank: The situation in the labor market is still relatively good

Swedbank

The number of the employed was record-high, up by +3.2% in a year, in the fourth quarter. Employment increased in healthcare, IT, manufacturing, and retail sectors. A significant part of the employment growth comes from the Ukrainian refugees. 9,000 refugees

EfTEN: Increase of the share capital of EfTEN Real Estate Fund III AS in connection with the merger

In order to carry out the merger, the Supervisory Board of EfTEN Real Estate Fund III AS decided today on the basis of the authorizations from the general meeting and in accordance with the merger agreement between EfTEN Real Estate

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: 2022 12 months and IV quarter consolidated unaudited interim report

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

Swedbank: Inflation to decelerate in 2023

Swedbank

In January, annual inflation accelerated somewhat due to less generous energy support package from the government compared to one year ago and because of a larger share of the housing component in the consumer basket this year after the yearly

EfTEN: EfTEN Real Estate Fund III AS unaudited results for 4th quarter and 12 months 2022

EfTEN Real Estate Fund III

Fund manager’s comment on the 2022 financial results In 2022, major changes took place in the European and Baltic commercial real estate market. The rapid acceleration of the inflation rate prompted the central banks to end the so-called zero interest

Hepsor: Hepsor N57 OÜ, Hepsor AS group company, signed 3.1 million euro loan agreement for financing the construction of Lilleküla Kodud project

Hepsor

Hepsor N57 OÜ, Hepsor AS group company, and LHV Pank OÜ signed 3.1 million loan agreement on 13 January 2023. The purpose of the three-year loan is to finance the construction of Lilleküla Kodud development project. The development project has

Swedbank: Inflation to decelerate in 2023

Swedbank

In December, inflation was still rapid, but on a downward trend, in Estonia. Inflation decelerated to 17.6%, over the year, and declined by 0.1%, over the month. Price growth is slowing due to a decline in energy prices brought by

EfTEN: Net asset value of the EfTEN United Property Fund as of 30.11.2022

EfTEN United Property Fund

The net asset value (NAV) of the EfTEN United Property Fund was 11,07 euros as of November 30, 2022, increasing by 0,7% over the month. Since the start of the fund in late June 2021 the total return has been

Hepsor: Hepsor N57 OÜ, Hepsor AS group company, signs construction agreement for the construction of Lilleküla Kodud project in Kristiine

Hepsor

Hepsor N57 OÜ, Hepsor AS group company, and Mitt&Perlebach OÜ signed a construction agreement for the construction of Lilleküla Kodud development project in Kristiine, a highly valued district in Tallinn, on 22 December 2022. The value of construction agreement is