Market announcement
Baltic Horizon Fund / Northern Horizon Capital AS
LEI code
5299008IKT93E4SA0G49
Size of the entity
Small undertaking
Economic activities
Financial and Insurance Activities
Industry sector(s)
Management company
Country of registered office
Estonia
General information
Categories
Other corporate action
Does the information contain personal data?
No
Is the data provided voluntary or not?
No
Original language of the information to be provided
Estonian
Is information covering a period?
No
The date to which the information relates
15.10.2026
Version
1
Unique data record identifier
19085
Submission date and time
15.10.2026 17:30:00
Content of announcement in Estonian
Title
Muudatused Baltic Horizon Capital AS juhatuses
Message
Baltic Horizon Capital AS, Baltic Horizon Fondi valitseja, teatab käesolevaga juhatuse koosseisu muudatustest.
Ülari Niinemägi on esitatud kandidaadiks Baltic Horizon Capital AS-i juhatuse liikme kohale. Finantsinspektsiooni on kavandatavast nimetamisest teavitatud. Baltic Horizon Capital AS-i nõukogu nimetab Ülari eeldatavasti juhatuse liikmeks alates 1. novembrist 2026. Ta tugevdab Fondi portfellihalduse meeskonda ning hakkab koos praeguse fondijuhi Edvinas Karbauskasega juhtima Baltic Horizon Fondi kinnisvara portfelli.
Ülari toob juhatusse enam kui kahekümne aasta kogemuse ärikinnisvara vara- ja kinnisvarahalduses Baltikumis. Alates 2025. aasta detsembrist vastutab ta Baltic Horizon Fondi Eesti objektide igapäevase haldamise eest. Enne seda juhtis ta 2022. aasta novembrist 2025. aasta detsembrini US Real Estate’i rahavooportfelli, kuhu kuulusid Tallinna büroohooned, koolid ja spordikinnisvara. Aastatel 2007–2019 töötas Ülari BPT Real Estate’is, kus ta oli alates 2016. aastast Eesti üksuse tegevjuht, olles varem juhtinud grupi arendustegevust Eestis, Lätis, Leedus ja Poolas ning hallanud ettevõtte Eesti ärikinnisvaraportfelli. Varem on ta töötanud haldusjuhina Rimi Baltic Groupis ning kinnisvarahaldurina Riigi Kinnisvara AS-is. Ülari on lõpetanud Tallinna Tehnikaülikooli kinnisvara haldamise erialal.
Alates 1. novembrist 2026 koosneb Baltic Horizon Capital AS juhatus plaanide kohaselt järgmistest liikmetest: Edvinas Karbauskas (juhatuse esimees), Gerda Bliuvienė ja Ülari Niinemägi.
Baltic Horizon Capital AS avaldab eraldi teate, kui nimetamine on jõustunud.
Lisainformatsiooni saamiseks palume ühendust võtta:
Edvinas Karbauskas
Baltic Horizon Fond, fondijuht
E-mail [email protected]
www.baltichorizon.com
Baltic Horizon Fond on registreeritud lepinguline avalik kinnine kinnisvarafond, mida valitseb alternatiivfondivalitseja Baltic Horizon Capital AS.
Avaldamine: GlobeNewswire, Nasdaq Tallinn, www.baltichorizon.com
Saamaks börsiteateid ning uudiseid Baltic Horizon Fondilt tema projektide, plaanide ja muu kohta, registreeruge aadressil www.baltichorizon.com. Samuti on teil võimalik Baltic Horizon Fondi jälgida LinkedIn ja YouTube keskkondades.
Content of announcement in English
Title
Changes in the management board of Baltic Horizon Capital AS
Message
Baltic Horizon Capital AS, the management company of Baltic Horizon Fund, hereby informs of changes in the management board.
Ülari Niinemägi has been proposed for appointment as a member of the management board of Baltic Horizon Capital AS. The Estonian Financial Supervision and Resolution Authority has been notified of the intended appointment. The supervisory board of Baltic Horizon Capital AS is expected to appoint Ülari as a member of the management board with effect from 1 November 2026. He will strengthen the Fund’s asset management team, working alongside Edvinas Karbauskas, the current Fund Manager, in managing Baltic Horizon Fund’s portfolio.
Ülari brings to the management board more than twenty years of experience in commercial real estate asset and property management in the Baltics. Since December 2025, he has been responsible for the day-to-day management of Baltic Horizon Fund’s Estonian properties. Before that, from November 2022 to December 2025, he managed US Real Estate's cash-flow portfolio, which included office buildings, schools, and sports properties in Tallinn. From 2007 to 2019, Ülari worked at BPT Real Estate, where he was the chief executive officer of the Estonian unit from 2016, having previously led the group’s development activities in Estonia, Latvia, Lithuania and Poland and managed the company’s Estonian commercial property portfolio. Earlier in his career, he held facility and property management positions at Rimi Baltic Group and Riigi Kinnisvara AS. Ülari holds a diploma in real estate management from Tallinn University of Technology.
Starting from 1 November 2026, the management board of Baltic Horizon Capital AS is expected to be as follows: Edvinas Karbauskas (the Chairman of the Board), Gerda Bliuvienė and Ülari Niinemägi.
Baltic Horizon Capital AS will publish a separate announcement once the appointment has taken effect.
For additional information, please contact:
Edvinas Karbauskas
Baltic Horizon Fund manager
E-mail [email protected]
www.baltichorizon.com
Baltic Horizon Fund is a registered contractual public closed-end real estate fund managed by Alternative Investment Fund Manager license holder Baltic Horizon Capital AS.
Distribution: GlobeNewswire, Nasdaq Tallinn, www.baltichorizon.com
To receive Nasdaq announcements and news from Baltic Horizon Fund about its projects, plans and more, register on www.baltichorizon.com. You can also follow Baltic Horizon Fund on LinkedIn and YouTube.