Although there were no huge positive development leaps in the operating environment, there were still some signs of renewed optimism in the residential property market during the quarter. During the second quarter, we signed 47 contracts under the law of…
GROUP CEO’S REVIEW The decrease in activity of the real estate sector following the surge in Vitamin D has now become the norm, which is well illustrated by the Q2 results of Arco Vara. At that, the slight drop in…
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 2 July 2024 in Tallinn, Estonia. As announced to the market on 2…
Comment from the fund manager, Viljar Arakas: “The fund’s overall results of the first half of 2024 meet the expectations of the management company. Vacancy remains below 3% at a portfolio level, which is a very good result considering the…
Estonian household consumption has been declining since the second half of 2022 and is still falling; however, real wages started to grow in the second half of 2023. Meanwhile, household confidence is at the level last seen during the Global…
On 14 June 2024, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and KMG Infra OÜ signed an addendum to the design and construction contract with Tallinn Urban Environment and Public Works Department for the additional works of…
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 extraordinary General Meeting (hereinafter the “General Meeting”) of Baltic Horizon Fund on 2 July 2024 at…
The ECB has delivered a widely expected 25bp cut; still sees inflation falling to 2% We see two more cuts this year – in September and December The Governing Council decided today to cut the three key ECB interest rates…
AS Trigon Property Development (registrikood 10106774, aadress Pärnu mnt 18, Tallinn, 10141, edaspidi „Aktsiaselts“) kutsub Aktsiaseltsi aktsionäride korralisele üldkoosolekule, mis toimub 26. juunil 2024. a algusega kell 10.00 (siin ja edaspidi Eestis kehtiv kellaaeg, GMT+3). Koosolek toimub Aktsiaseltsi kontoris asukohaga…
AS Trigon Property Development (registry code 10106774, address Pärnu mnt 18, Tallinn 10141, hereinafter the „Company“) calls the annual general meeting of Company’s shareholders, which shall be held at 10:00 on 26 June 2024 (here and hereafter Estonian time, GMT+3)…
Inflation slightly higher in May, growth outcome and prospects improved somewhat The ECB is very likely to cut rates this Thursday, but will make no further promises, except to be data dependant Headline inflation increased to 2.6% in May and…
MANAGEMENT REPORT Real Estate Development In 2024, we are continuing the construction and sales activities of the last stage of Kalaranna 8, Tallinn. The final stage consists of 4 residential buildings with 146 apartments and 4 commercial units which, upon…
Management Board of Northern Horizon Capital AS has approved the unaudited financial results of Baltic Horizon Fund (the Fund) for the three months of 2024. Our strategic ambitions Over the past year, our focus has been on reshaping our strategy to…
COMMENTARY FROM MANAGEMENT Merko Ehitus revenue was EUR 81.2 million in Q1 2024, representing 7.2% growth compared to the same period a year ago. Net profit for the quarter was EUR 4.4 million. Merko delivered 59 apartments and 7 commercial…
The first quarter of 2024 of the Nordecon Group is characterized by an increase in sales revenue, an improvement in profitability and an increase in the order book. The sales revenue of the first quarter of 2024 was 46,245 thousand…
