Cookie Error:

Cookies deactivated. To use all functions on this portal, for example the login, Cookies must be activated. Please activate Cookies in your browser settings.

» Chronological View: " Estonia " «

Radisson Red to open in Tallinn in 2023

Radisson hotel group will open a Radisson Red hotel in Tallinn in late 2023. It is the group’s third hotel brand in the capital, alongside Radisson Blu and Park Inn by Radisson. The new-build, 150-room hotel Tallinn will be located in the Telliskivi district and is part of a mixed-use scheme, with the building also featuring ...
Thursday, 12. September 2019

Baltic Horizon Fund closes private placement of units

Northern Horizon Capital AS, the management company of Baltic Horizon Fond, has closed its private placement raising aggregate proceeds of €4.1 million. Intention to carry out the private placement was announced on 25 February 2019. The private placement was aimed at institutional investors in the Baltics and subscription dat...
Wednesday, 1. May 2019

Blackstone to acquire €1 billion majority stake in Luminor

DNB and Nordea have entered into an agreement with Blackstone to sell part of their shares in the merged bank, Luminor. The group was established as an independent Baltic bank in 2017, built on the Baltic businesses of Nordea and DNB. Today, Luminor is the 3rdlargest financial services provider in the region, with a 23% lendi...
Thursday, 13. September 2018

Milda Dargužaitė elected as new Supervisory Board member of Northern Horizon Capital

Northern Horizon Capital AS has elected Milda Dargužaitė as a new member of the supervisory board for a period of 5 years. She will succeed Michael Rudolf Schönach. Dargužaitė acts as a Group Chief Executive Officer to Northern Horizon Capital Group. She has extensive work experience in both private and public sector locall...
Tuesday, 10. July 2018

Baltic Horizon fund raises additional gross equity in the first quarter 2018

In the first quarter 2018, the GAV increased from €215.8 million to €234.5 million. During the quarter, the group closed the Postimaja shopping centre acquisition and raised additional gross equity of €2.35 million, which was part of the Postimaja transaction. In first quarter 2018, the fund NAV increased from €107 million to...
Friday, 4. May 2018

Baltic Horizon Fund consolidated audited results for 2017

Northern Horizon Capital AS has approved the audited financial results of Baltic Horizon Fund for the year 2017. The financial results remained unchanged compared to the preliminary disclosure on 15th of February 2018. At the end of 2017, the GAV increased from €154.9 million to €215.8 million as compared to the end of 2016. ...
Wednesday, 28. March 2018

Baltic Horizon Fund acquires Postimaja Shopping Centre in Tallinn

On 27th December 2017, Baltic Horizon Fund has signed an agreement to acquire the immovable located at Narva road 1, Tallinn together with Postimaja Shopping Centre. Closing of the transaction was dependent on receipt of merger clearance from the Estonian Competition Authority which was granted on the 1st of February 2018. On...
Friday, 16. February 2018

Baltic Horizon Fund declared approx. €1,2 million cash distribution to investors

Northern Horizon Capital AS as the management company of Baltic Horizon Fund has approved a cash distribution of approx. 1.5% to its unitholders based on the fund 2017 Q2 weighted average net asset value. This equals to approx. €1,2 million in total and €0,018 per unit. Decrease of distribution per unit in comparison to the d...
Monday, 7. August 2017

Global joins Kesko as shareholders of the investment company Baltic Retail Properties

Global, managed by W. P. Carey Inc., now exceed €187 million, after joining Kesko as shareholders of the Lithuanian investment company Baltic Retail Properties. A public ceremony in Vilnius on Thursday, 25 May 2017, marked the completion of the acquisition of a majority position worth €127 million in real estate investment ve...
Tuesday, 30. May 2017

Baltic Horizon Fund declared approx. €1.3 million cash distribution to investors

Northern Horizon Capital AS as the management company of Baltic Horizon Fund has approved a cash distribution of 1,7% to its unitholders based on the Fund 2017 Q1 weighted average NAV. This equals to approx. €1.3 million in total and €0.023 per unit. Since the first listing on the Nasdaq Tallinn Stock Exchange on the 6th of J...
Wednesday, 3. May 2017

9,600 branded hotel tooms are announced for Russia, CIS and surroundings in 2017

According to JLL, in 2016 the branded hotels market in Russia, CIS and neighboring countries has been less active in terms of new market players compared to a year before. This year branded hotels supply in the region increased by 5,100 rooms, while in 2015 room stock here grew by 6,900. Almost two thirds of that amount – abo...
Wednesday, 15. March 2017

YIT starts cooperation in housing development projects in the CEE countries

YIT is involved in establishing a fund that invests in housing development projects in the CEE countries or in the Czech Republic, Slovakia, Poland, Estonia, Latvia and Lithuania. The investors in the fund are YIT (40%), Etera (30%) and a group of Finnish private investment companies (altogether 30%). The fund’s equity is app...
Wednesday, 28. December 2016

Baltic Horizon Fund acquired newly reconstructed Piirita shopping centre

Northern Horizon Capital AS as the management company of Baltic Horizon Fund acquired Piirita shopping centre. Signing and closing of the share purchase agreement by BH MT24 OÜ to acquire shares of OÜ Pirita Center from Matching Holding OÜ took place on the 16th of December. OÜ Pirita Center is the sole owner of Piirita shop...
Monday, 19. December 2016

Real estate investment fund Lords LB Baltic Fund IV is expanding its business

Lords LB Baltic Fund IV acquired the third object – a complex of offices EU House. The building situated in the very heart of Tallinn houses the representative offices of the European Commission and of the European Parliament, audit company EY, law firm Lextal, etc. However, it is not the last purchase of the Fund in the Balt...
Tuesday, 22. November 2016

Lords LB Asset Management closed Lords LB Baltic Fund I

Closed-end real estate investment fund Lords LB Baltic Fund I ceased its activities. During the whole business period of seven years, the fund repaid the total invested amount and earned profit to the investors. Those who invested into the fund from its business commencement earned the return of over 11 per cent annual intere...
Monday, 7. November 2016