Northern Horizon Capital AS has decided to initiate the termination of Baltic Horizon Fund’s Swedish Depositary Receipts (the „SDR“) program and delist the SDRs from Nasdaq Stockholm. The delisting is expected to take place in August 2025 at the earliest.…
GROUP CEO’S REVIEW The fourth quarter of 2024 marked a period of adjustment for Estonia’s real estate market, with both residential and commercial sectors experiencing shifts in pricing and occupancy rates. Base interest rates were stable compare to the previous…
AS Nordecon group company Embach Ehitus OÜ and Võru City Government signed a contract for the construction of Kindergarten Punamütsike located at Vilja 10, Võru. The total value of the contract is 6.37 million euros without VAT and the works…
On 12 February 2025, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and the Tallinn Property Department signed a construction contract for the construction of the Tallinn Hobby Centre Kullo located at Mustamäe tee 59, Tallinn. The contract…
COMMENTARY FROM MANAGEMENT Merko Ehitus posted revenue of EUR 160.4 million and net profit of EUR 19.9 million in Q4 of 2024. The respective figures for the entire year 2024 were EUR 539 million and EUR 64.7 million. Approximately 90%…
The year 2024 was successful for the Nordecon Group. Profitability improved significantly, and revenue increased. The general contracting market remains highly competitive, and developers’ confidence is low. No change is expected in the volume of public sector orders for the…
The Supervisory Board of AS Trigon Property Development decided to elect Alo Nõmmik as a new member of the management board, whose mandate begins on February 4, 2025 and is valid for 3 years. Alo Nõmmik joined the Trigon Capital…
Nordecon AS and AS OG Elektra have signed a contract for the construction of the new spa hotel and swimming complex in Viljandi. This four-story multifunctional building will have a total area of 15,800 sqm. In addition to the swimming…
EfTEN United Property Fund earned 1.821 million euros in income in 2024 (60 thousand in 2023). Interest and dividend income increased by 29 thousand euros and 50 thousand euros respectively over the year. The largest increase in income came from…
Having recently received expressions of interest from several investors, the management team has engaged local advisors Newsec Advisers UAB and Redgate Capital AS to assist Baltic Horizon Fund (the Fund) in a structured divestment process. In February of 2024, Baltic…
Although there were no huge positive development leaps in the operating environment, there were still signs of renewed optimism in the residential property market. During the fourth quarter, we signed 34 contracts under the law of obligation (sales contract; 2024…
We are excited to invite you to the Nordic Real Estate Forum 2025 – the premier gathering for real estate leaders across the Nordics and Baltics! Mark your calendar for March 20, 2025, at Tallinn Creative Hub in Estonia or…
Merko avas Uus-Veerennis ainulaadse kogukonnaruumi, mis annab kvartali elanikele võimaluse tegeleda korterist suuremat ruumi vajavate hobidega, ühendada oma loovuse naabrite omaga ning teha praktilisi igapäevaoste kodukvartalist lahkumata. Uus-Veerenni elukvartali ühe kortermaja esimesel korrusel asuvasse avarasse ja funktsionaalselt sisustatud ruumi pääsevad…
BUSINESS CLIMATE Business cycle. In 2024 recession worries came and disappeared in global economy. Towards the end of a year global growth was lower than at the start of a year in almost all major regions, but far away from…
Haridus- ja Noorteamet (Harno) sõlmis Kaamos Kinnisvaraga kümneaastase üürilepingu ning kolib oma Tallinna kontoripinnad Ülemiste Cityst ja Tõnismäelt Tammsaare Ärikeskusesse. Kolimine algas detsembri keskel ja jõuab lõpule tuleva aasta 1. maiks. „Uus asukoht võimaldab Harnol koondada seni eraldi paiknenud kontorid…
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