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In December 2021, East Capital Real Estate signed an agreement for the sale of three properties located in Tallinn and the surrounding area: the J13 Logistics Park, the Rimi Logistics Park, and the Metro Plaza Office Building. The total gross leasable area of the buildings is 66,000 square metres. The buyer of the assets is O...
By the start of 2022, the volume of assets managed by the fund management company EfTEN Capital broke the threshold of one billion euros. In total, EfTEN manages seven funds that invest in Baltic real estate.
According to the corporate restructuring programme, Stockmann has sold its department store properties in Tallinn and in Riga to Viru Keemia Grupp (VKG). The total sales price is approximately €87 million. Stockmann will use the proceeds from the sales of the properties in full to reduce its secured restructuring debts.
YIT and Makita have signed a contract on the construction of office and warehouse facilities in Tallinn, Estonia. The value of the contract is approximately €24 million.
East Capital Real Estate has sold the Mustamäe Keskus shopping centre in Tallinn. The property has been held by the East Capital Baltic Property Fund II since 2016.
Baltic Horizon Fund signed a real right agreement with HITS Investments OÜ to sell the land plot located in Paldiski mnt 80, Tallinn together with G4S office building. The sales price is €15.35 million (excluding value added tax) matching approximately the latest valuation. The IRR for the holding period of more than 5 years ...
Loginvest OÜ, part of the JNG Investment, agreed to sell a 33,000-square-metre logistics centre on the outskirts of Tallinn to East Capital Real Estate IV.
Eastnine's Board of Directors has decided to broaden the current strategy from offices to include prime logistics properties in the Baltics. Diversification means continued high returns, but at a lower risk level. A broader investment focus further strengthens the company's growth opportunities.
Accor strengthen its portfolio in Northern Europe with the Novotel Living concept coming to Tallinn. The Group has signed a management agreement with Estmak Capital for the very first extended stay hotel in the Baltic area. The 124-room primary facility will welcome its first guests by the end of 2022, offering new approach t...
East Capital Real Estate has acquired 30 hectares of land outside of Tallinn for a new logistics project. The land is located in the corner of the Tallinn ring road and the Tartu highway, which is a high-value location for logistics, distribution, and light industry companies in the Estonian capital. It is also well connected...
YIT has sold MotorCenter Tähesaju, which offers automotive services, to an Estonian investment company. The center, which is under construction, is located in the eastern part of Tallinn, Lasnamäe, in an area that has been developing strongly in recent years and is a prominent business location.
East Capital Real Estate IV acquires SEB's head office in central Tallinn from Partners Group and Northern Horizon. The property is the first acquisition by the fund, which targets €400-500 million in assets under management, and consolidates East Capital Real Estates’ position as one of the leading real estate investors in t...
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 ...
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...
Northern Horizon Capital AS as the management company of Baltic Horizon Fund hereby informs that Dalia Garbuzienė resigned from the supervisory board of Northern Horizon Capital AS.
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...
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...
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...