On 24 July 2023, AS Pro Kapital Grupp (“Pro Kapital”) announced that it has signed a preliminary agreement to acquire a 67.5% stake in Preatoni Nuda Proprieta S.R.L. (Preatoni Nuda Proprieta). With the signing of preliminary agreement, Pro Kapital reserved…
SIA Merks Mājas, part of AS Merko Ehitus group, has launched the Lucavsala residential project on Lucavsala island on the Daugava River in Riga. The first stage of the project comprises a connected complex of three building with 214 apartments…
The main business activity of Trigon Property Development AS is real estate development. As at 31.12.2023, 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…
MANAGEMENT REPORT CEO summary In 2023 we have been in line with the Company’s history, by having focus on the main areas of activities in real estate developments in the three Baltics capitals (Tallinn, Riga and Vilnius) and the hotel…
Merko Ehitus notified with a 26.01.2024 stock exchange announcement the Administrative Regional Court of Latvia did not satisfy the appeal of SIA Merks and AS Merko Ehitus and upheld the decision of the Latvian Competition Council. Today, on 26.02.2024, SIA…
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.…
Nordecon AS group company Embach Ehitus OÜ together with OÜ NOBE as joint bidders and Estonian Centre for Defence Investments have signed a contract for the construction of a modern war and disaster medicine centre in Tartu. In the four-storey,…
GROUP CEO’S REVIEW In spite of the times with low sunlight, the team of Arco Vara showed excellent results in Q4. We got to enjoy the fruits of our extensive work and our customers got acquainted with the high level…
From the beginning of 2023, Arco Vara is disclosing turnover and profit forecast for the following quarters in its quarterly reports. In the Q3 2023, the turnover for 2023 was projected to achieve 18.2 million euros and the profit to…
AS Nordecon group company Tariston AS and Estonian Centre for Defence Investments signed a contract for the construction of the armoured manoeuvre shooting range and roads in the Defence Force’s Central Training Area in Harju County. The cost of the…
With the 09.08.2021 stock exchange announcement, AS Merko Ehitus disclosed information concerning the decision of the Latvian Competition Council according to which the group’s subsidiary SIA Merks is considered one of the nine companies involved in the prohibited cooperation of…
AS Pro Kapital Grupp (hereinafter referred to as the Company) announced on 15 January 2024 that the Company obtained the approval in the written procedure initiated on 22 December 2023 from the holders of its EUR 28,500,000 senior secured callable…
AS Pro Kapital Grupp obtains bondholders’ approval in the written procedure under its senior secured bonds 2020/2024 On 22 December 2023, AS Pro Kapital Grupp (hereinafter referred to as the Company) announced that it had instructed Nordic Trustee & Agency…
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…
AS Pro Kapital Grupp (hereinafter referred to as the Company) is requesting the approval from the bondholders of the Company’s outstanding bonds listed on Nasdaq Stockholm in order to extend the maturity of the bonds, make certain others amendments to…
