On March 20, Merko Ehitus group’s 100% subsidiary OÜ Merko Investments signed a division plan, according to which real estate development activities along with the corresponding assets and liabilities will be transferred to OÜ Merko Residential Investments, which is established…
The supervisory board and CEO of Arco Vara AS propose to continue with the dividend policy, which pays dividends quarterly: 2 cents in June, 1 cent in September, 2 cents in December and 1 cent per share in March. At…
The Management Board of the EfTEN Capital AS approved the audited financial results of the EfTEN United Property Fund for 2023. In the audited report, the fund’s financial results have not changed compared to the preliminary financial results published on…
The Management Board of EfTEN Real Estate Fund AS (registry code 12864036; seat Tallinn, A. Lauteri 5) calls an annual general meeting of shareholders on 02 April 2024 at 10:00. Venue of the general meeting: Radisson Collection Hotel second floor conference centre hall “Tallinn”,…
The Supervisory Board of EfTEN Real Estate Fund approved the audited annual report of the Fund for 2023 and will submit it to the Annual General Meeting for approval. In the audited report, the Fund’s financial results have not changed…
Hea kinnisvarahuviline! Käesolevaga on meil heameel tutvustada Teile Nordic Real Estate Forum 2024 logistika kinnisvara paneeli. Kui te soovite logistika kinnisvara paneeli teemade osas kaasa rääkida, siis kohtume NREF 2024! 16.00-16.30 Logistics Real Estate Panel: Global Challenges, Local Solutions: Adapting…
Mr. Andris Bišmeistars, Chairman of the Management Board of SIA Merks Mājas, Latvian real estate development company belonging to the AS Merko Ehitus group, has announced about his decision to leave the company and continue his career as an entrepreneur.…
Management Board of Northern Horizon Capital AS has approved the unaudited consolidated interim financial statements of Baltic Horizon Fund (the Fund) for the twelve months of 2023. Leasing activity Throughout 2023, the Fund secured important lease extensions with anchor tenants…
COMMENTARY FROM MANAGEMENT Merko Ehitus revenue was EUR 126 million in Q4 2023, and the revenue for 12 months amounted to EUR 466 million, while the respective figures for net profit were EUR 13.9 million and 12 months was EUR…
Economic environment The construction market has experienced rapid evolution in recent years, with notable trends emerging in 2023 following developments that began in 2022. These shifts have profoundly impacted companies within the construction sector. Persistently high inflation and interest rates…
Hea kinnisvarahuviline! Käesolevaga on meil heameel tutvustada Teile Nordic Real Estate Forum 2024 investeeringute paneeli osalejaid. 10:45-11:30 Real Estate Investment Panel: How Do We Cope When the Era of Cheap Money Won’t (ever) Come Back? Head of panel: Peeter Koppel,…
The main keyword for 2023 was the fastest interest rate increase in the 25-year history of the Eurozone. The consolidated interest expense of EfTEN Real Estate Fund AS increased almost twice compared to a year ago in relation to EBITDA,…
Commentary by the Fund Manager, Viljar Arakas The defining feature of 2023 was the fastest interest rate increase in the Eurozone’s 25-year history. Compared to the previous year, EfTEN Real Estate Fund AS’s consolidated interest expense nearly doubled in relation…
AS Pro Kapital Grupp informs that Chief Financial Officer of the company Angelika Annus is leaving the position on her own initiative due to personal reasons. Ann-Kristin Kuusik is the new Chief Financial Officer of the group starting 1 January…
A repeat extraordinary General Meeting of Baltic Horizon Fund unit-holders and Swedish Depositary Receipt (hereinafter the “SDR”) holders (hereinafter together the “Investors”) took place on 21 December 2023 in Tallinn, Estonia. The repeat meeting was convened as the required quorum…
