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
Unique data record identifier
7318
Submission date and time
27.05.2019 19:00:00
Content of announcement in Estonian
Title
Baltic Horizon Fond omandab Galerija Centrs kaubanduskeskuse Riias, Lätis
Message
Baltic Horizon Fondi fondivalitseja Northern Horizon Capital AS allkirjastas lepingu Linstow AS-iga 100% Tampere Invest SIA aktsiate omandamiseks, millele kuulub Galerija Centrs kaubanduskeskus Riia südalinnas. Ostuhind on 75 miljonit eurot ning eeldatav sisenemise tootlus umbes 6,7%. Tehingu lõpuleviimine toimub 2019.a juuni alguses. Galerija Centrs asub Riia vanalinnas rahvusooperi kõrval, aadressil Audeju 16, 1050. Vanalinna kvartalina, koosneb 5-korruseline kinnisvarakompleks kahest hoonest, mis on ühendatud klaasiga kaetud galeriiga. Algselt avati 1938. aastal armee kaubamajana, üle tänava lisandunud laiendusega renoveeriti kaubanduskeskus viimati 2006. aastal. Objekti üüritav pind on 20 073 m(2). Ankurüürnike hulka kuuluvad H&M, RIMI, Massimo Dutti, Douglas, Lindex, Esprit, Gant, Marc O'Polo, Max Mara Weekend ja teised. Viiendal korrusel on tervisekeskus, ilusalong ja spordiklubi. "Oleme väga rahul, et saame lisada veel ühe stabiilse rahavoo maamärgi oma portfelli. Peale tehingut omab fond strateegiliselt südalinna kaubandusobjekte igas Balti pealinnas: Galerija Centrs Riias, Postimaja Tallinnas ning Europa Vilniuses. Sellist positsiooni arvestades on meie eesmärk olla pikaajaline partner edukatele jaekaupmeestele meie turul, kes plaanivad Baltikumis arendada nii oma praegusi kui uusi brändiportfelle. Lisaks, peale tehingu lõpuleviimist muutub Baltic Horizon Fund Baltikumi suurimaks hajutatud strateegiaga ärikinnisvara investeerimisfondiks millel on varasid umbes 350 miljonit eurot," kommenteeris fondijuht Tarmo Karotam. Osana tehingust on Linstow AS nõustunud märkima Baltic Horizon Fondi osakuid 4 miljoni euro ulatuses. Northern Horizon Capital AS kohustub korraldama uute fondiosakute emiteerimise mitteavaliku suunatud pakkumisena mahus, mis saadakse märgitava summa jagamisel osaku viimase puhasväärtusega enne tehingu lõpuleviimist. Uute osakute emiteerimine ja noteerimine toimub eelduslikult vahetult peale tehingu lõpuleviimist. Lisainformatsiooni saamiseks palume ühendust võtta: Tarmo Karotam Baltic Horizon Fond, fondijuht E-mail [email protected] www.baltichorizon.com Baltic Horizon Fond on registreeritud lepinguline avalik kinnine kinnisvarafond, mida valitseb alternatiivfondivalitseja Northern Horizon Capital AS. Avaldamine: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com Käesolev teade sisaldab informatsiooni, mille Northern Horizon Capital AS on kohustatud avaldama Euroopa Liidu turukurvitarvituse määruse kohaselt. Informatsioon esitati avaldamiseks 27. mail 2019 kell 18:35 Eesti aja järgi ülalmainitud avaldamiskanalite esindajatele.
Content of announcement in English
Title
Baltic Horizon Fund to acquire Galerija Centrs Shopping Centre in Riga, Latvia
Message
Northern Horizon Capital AS as the management company of Baltic Horizon Fund signed an agreement with Linstow AS to aquire 100% shares of Tampere Invest SIA, which owns Galerija Centrs Shopping Centre in the heart of Riga. The purchase price is EUR 75 million, which corresponds to an estimated entry yield of approximately 6,7%. The transaction is expected to close by the beginning of June 2019. The Galerija Centrs property is located on Audeju Street 16, 1050 in Riga Old Town, next to the National Opera. As a block of Old Town, the 5-floor property complex consists of two buildings connected with a passage of glass roofed arcade. Originally opened as Army Department Store in 1938, the high street retail centre was last refurbished in 2006 with an added extension. The net leasable area of the property is 20,073 m(2 ). The anchor tenants include H&M, RIMI, Massimo Dutti, Douglas, Lindex, Esprit, Gant, Marc O'Polo, Max Mara Weekend and others. The fifth floor houses a healthcare centre, a beauty salon and a fitness club. "We are very pleased to add such a stable landmark cash-flow property to our portfolio. After the acquisition, the fund will strategically own a centrally located retail asset in the heart of every Baltic capital: Galerija Centrs in Riga, Postimaja in Tallinn and Europa Shopping Center in Vilnius. With this position, we strive to become a long-term prime landlord partner for top retailers in the Baltic market who look to develop their current and new brand portfolios. With the acquisition, Baltic Horizon Fund will also become the largest diversified commercial real estate investment fund in the Baltics with close to EUR 350 million assets under management," commented fund manager Tarmo Karotam. As part of the transaction, Linstow AS, has agreed to subscribe for Baltic Horizon Fund units for the amount of EUR 4 million. The management company is undertaking to arrange issuance of new fund units, the number of which is equal to the subscription amount divided by the latest net asset value per fund unit preceding to closing by way of private placement. The issuance and listing of new units is expected to take place shortly after closing. For additional information, please contact: Tarmo Karotam Baltic Horizon Fund manager E-mail [email protected] (https://www.globenewswire.com/Tracker?data=oWL6HUuD_CwgLfUO8xLboBjaZn4_Yc6AaAJH 02Gv7uaH5ZTUabM99wWyeF8Ec-gFrPjdBilk42nLHHAvZj2k1- 90ipaXMwiRITNL9edDpACiTrCUaEtiYEoTr1vFv7eShO0vWPSw1_I3ibPgVru7qp50- iGSiR67k2mbpuX63FoO1urRLmJcY-_eOFiUv-wiYbRScqz3uWYGYpeyNJ8W3mZIqZ- K4QVREHCUwTEa7HU0euIxIaO6_6UP2S9PetNNIE6yuczeyo2gUge_5oWasOgF2rKtlgTBWHXppQCUBEz 5Qd63zlcGOr969Adas9jsYmEBMJYoO1V8zkL51bSNyf6_lDQSVvErEufsyVZo85gwLKpOL62PyBU2OSq sr7hMbcjv4MU8_htxvnlc1Dgl6YrVyFKMnM8cP2K0Dwc4zUy89qSgBwnPiXvcJjm5Q3_VIE_97Leg95P JPQ1JAAaPrm_DCGGtih3L3hTgF5513PpGHq7wBGagPsd7BBB6REG0) www.baltichorizon.com (https://www.globenewswire.com/Tracker?data=8nKpij6dCQN65s0ZFVfADfEEd5Xo1jb3IO6Q BdLZlWzTFuR9NX-qQ26lZKbbk2PhaGQsyHnRvPOLRF7S8LfpoxGRvKvn4NV9g3K6VlXciTwDRv- eGyQAsG1icTXwhFfaQ9OUo01qqHkRrXDqM18XhlD1H_ghTD8kh5x2imVSyMcC439sRbMaytm6mr_iyaG CG-hJ5FRx-hb25tF4yD8IN8WahabnGK- bYLTcuNiFn7x3QYwS8slBj9OQNtZeukqAf_teXUl645wZAWKOGOEzoGZx2BjgQk7c4veh- RVNNzaQJwvBCKKqYGdL8yKkqSMpoVOhGEAgrlCL8tYWoficwsEhkD_OBcWukY0Skzeyn2vKZCCHyEAw6 pBE0jVT3SejpplzzFn2pDrTeO6KQ4YcJ4_cjmTFMOP8uqfwxRk6SHHDwTXAGsxK4pT- o9qYBFTjknGxnofz1Fxgw6MBDHswuHXocJk1VgqCcJDC7BOoxK8s7udSXDnJFYcbkHxglseh) Baltic Horizon Fund is a registered contractual public closed-end real estate fund managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS. This announcement contains information that Northern Horizon Capital AS is obliged to disclose pursuant to the EU Market Abuse Regulation. It was submitted for publication, through the agency of the above distributors, at 18:35 EET on 27 May 2019.