UAB Merko Būstas, part of AS Merko Ehitus group, has launched the fourth stage of the Vilneles Skverai residential project located on the outskirts of the Old Town of Vilnius. The new stage includes in total of six apartment buildings…
STATEMENT OF THE CHAIRMAN OF THE MANAGEMENT BOARD Dear shareholders and readers, 2024, a year of record turnover and profit for Merko, is now in the books. This report gives an overview of the figures as well as the activities…
Management Board of Northern Horizon Capital AS has approved the unaudited financial results of Baltic Horizon Fund (the Fund) for the twelve months of 2024. The financial results remained unchanged compared to the preliminary disclosure on 17 February 2025. Executing…
Extraordinary General Meeting (hereinafter the “General Meeting”) of Baltic Horizon Fund unit-holders and Swedish Depositary Receipt (hereinafter the “SDR”) holders (hereinafter together the “Investors”) took place on 27 March 2025 in Tallinn, Estonia. Proposed agenda of the meeting, as proposed…
The owner of Meraki Business Home in Vilnius, BH Meraki UAB, an SPV of Baltic Horizon Fund, closed a transaction at the end of last week, in accordance with which Groa Real Estate Opportunity Fund UAB, a fund managed by…
The net asset value (NAV) per unit of EfTEN United Property Fund was 11,27 euros at the end of February, up 0,4% in the month. The fund earned 117 thousand euros in net profit in February and 525 thousand euros…
Baltic Horizon Fund recently announced a structured process with the intention to dispose certain real estate assets, where the Fund does not see significant short-term opportunities for further value optimization. Today, the owner of Meraki Business Home in Vilnius, BH…
At the request of a unitholder whose units represent more than 1/10 of all the votes, Northern Horizon Capital AS invites Baltic Horizon Fund unit-holders and Swedish Depositary Receipt (hereinafter the “SDR”) holders (hereinafter together the “Investors”) to attend an…
Housing affordability increased due to lower interest rates, as well as still-solid wage growth. Improving economic conditions should fuel market activity in 2025 and thereafter. The year 2024 ended, and 2025 has started on a positive note for the Baltic…
Management Board of Northern Horizon Capital AS has approved the unaudited financial results of Baltic Horizon Fund (the Fund) for the twelve months of 2024. Our strategic ambitions In 2024, the Fund’s management team made the strategic decision to implement key…
EfTEN Real Estate Fund AS generated €2,556 thousand in consolidated rental income in January. In comparison, the fund’s rental income in December 2024 was €2,861 thousand, which included €238 thousand in turnover-based rent from shopping centers recognized at the end…
The crowdfunding platform “Profitus” raised €88 million in 2024, strengthening its position as a leader in Lithuania and starting international expansion. This is 49% more than in 2023, when €59 million was raised. According to CEO Lina Maskoliūnė, these results…
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…
Merko Bustas, part of AS Merko Ehitus group, has launched the Šnipiškiu Urban residential development project in Vilnius. The development project comprises a total of 229 apartments in six buildings and an underground parking connecting them. Merko has started the…