Estonia

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...

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. ...

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...

Northern Horizon Capital AS as the management company of Baltic Horizon Fund signed an agreement with Osaühing Letona Properties to acquire an immovable located in the heart of Tallinn at Narva road 1, the Postimaja Shopping Centre.

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...

Northern Horizon Capital AS, as the management company of Baltic Horizon Fund, informs about termination of the market making agreement with Orion Securities UAB. The last date of validity of the agreement is 31 July 2017.

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...

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...

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...

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...

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...

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...

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...

The management company of a listed commercial real estate fund Baltic Horizon Fund has declared a distribution of 2% to its unitholders. This equals EUR 1,091,458 in total and €0.026 per unit. Unitholders will receive distributions on October 28 (Payment date). Unitholders entitled to receive distributions will be determined ...

Baltic Horizon, a newly listed commercial real estate investment fund investing in Baltic real estate, has signed the market-making agreement with both Swedbank AS and Orion Securities UAB, which have undertaken to act as market makers for the fund units to enhance the fund's liquidity. Under the agreements, both Swedbank A...

East Capital Baltic Property Fund III, managed by East Capital, has announced the acquisition of the Hilton Hotel in central Tallinn for €48 million. The seller is Olympic Entertainment Group (OEG). The Hilton Tallinn Park Hotel and Olympic Park Casino were opened in June 2016. The operators of both businesses are part of the...