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
7902
Submission date and time
27.03.2020 13:00:00
Content of announcement in Estonian
Title
Baltic Horizon Fond pakub leevendusmeetmeid oma VKE-üürnikele, keda COVID-19 pandeemia kõige enam mõjutab
Message
Baltic Horizon Fondi fondivalitseja Northern Horizon Capital AS viib ellu mitmeid leevendusmeetmeid, mis keskenduvad kõige haavatavamate, väikese ja keskmise suurusega ettevõtjatest üürnike rahaliste raskuste leevendamisele, peamiselt jaemüügisektoris, kelle tegevust on pandeemia ja Balti riikide valitsuste rakendatud piirangud nakkuse leviku vähendamiseks kõige rängemalt mõjutanud. ?COVID-19 viiruse levik põhjustab ettevõtetele ja kogukondadele enneolematut kahju kogu maailmas, meie koduturgude väljavaated Baltikumis on samaväärselt keerulised. Baltic Horizon Fondi on investeerinud mitmed Balti jae- ja institutsionaalsed investorid, mistõttu soovime anda ka oma panuse, et aidata ettevõtetel sellest kriisist üle saada," ütles Baltic Horizon Fondi fondijuht Tarmo Karotam. Järgmised leevendusmeetmed jõustuvad 1. aprillil 2020: 1. Üürimakse edasilükkamine 90 päevaks (3 kuuks), mida võib pikendada sõltuvalt pandeemia edasisest arengust ning valitsuste piirangutest. Juhul kui valitsus on loobunud teatavate teenustasude kogumisest, võetakse seda samuti arvesse. 2. Üürnikel saab olema võimalus tulevikus arutada ning kokku leppida individuaalne maksegraafik edasilükatud üürimaksete tasumiseks pärast pikendatud tähtaega. 3. Kõigist üüri edasilükkamisest tulenevatest trahvidest ja intressidest loobumine. Abikõlblikkus ja eeltingimused määratakse fondivalitseja poolt iga üürniku jaoks eraldi, võttes arvesse piiravate meetmete muutuvat olemust ja Balti riikide valitsuste kehtestatud finantsstiimuleid. Ehkki need meetmed on praeguse kriisi valguses suunatud peamiselt väiksematele kõige haavatavamatele üürnikele, jätkame aktiivset dialoogi ka meie ankurüürnikega ning kaalume individuaalselt erinevaid võimalusi, kuidas neid sel raskel perioodil toetada. Üürnikke, keda COVID-19 viiruse puhang vähem mõjutab, kutsutakse üles oma kohustusi vastavalt üürilepingule täitma. Lisainfot saadetakse üürnikele lähipäevil. Samal ajal jätkab Baltic Horizon Fond oma klientide, koostööpartnerite ja investorite teenindamist meie parimate võimaluste piires, täites nii oma kohustust aidata piirkonnal kriisist üle saada. Lisainformatsiooni saamiseks palume kontakteeruda: 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
Content of announcement in English
Title
Baltic Horizon Fund offers relief measures to its SME tenants most affected by the COVID-19 pandemic
Message
Northern Horizon Capital AS, the management company of Baltic Horizon Fund, will
be implementing a number of relief initiatives focused on alleviating the
financial hardship of the most vulnerable group of SME tenants, primarily in the
retail sector, whose operations were most severely affected by the outbreak and
the restrictive measures implemented by the Baltic governments to limit the
spread of contagion. ?While the spread of COVID-19 virus is causing an
unprecedented damage to businesses and communities across the globe, our home
markets in the Baltics are facing equally challenging financial prospects.
Baltic Horizon Fund is managing capital entrusted to us by Baltic retail and
institutional investors so we consider it our responsibility to also make an
effort to help companies get through this crisis," said Tarmo Karotam, fund
manager of Baltic Horizon Fund.
The following relief measures will be coming into effect on April 1, 2020:
1. Rent payment deferral for the period of 90 days (3 months) which could be
extended depending on the development of the pandemic and governmental
restrictions. In case government has waived collection of certain service
charges, those will also be taken into consideration.
2. In due course, tenants have a possibility to discuss and agree an individual
payment schedule for the recovery of deferred rental payments after the
deferral term.
3. Waiver of all penalties and interest arising from the rent deferral.
The eligibility for the relief and preconditions will be determined individually
for each tenant by fund management taking into account the changing nature of
the restrictive measures and the financial stimulus being initiated by the
Baltic governments.
While these measures are aimed primarily at the smaller most vulnerable tenant
groups in light of the current crisis, we will be maintaining an active dialogue
also with our anchor tenants and on individual basis consider different options
to support them through this difficult period. Tenants who are less affected by
the COVID-19 virus outbreak are called upon to fulfill their obligations
according to their lease agreement. We will give more information directly to
our tenants in the coming days.
Meanwhile, Baltic Horizon Fund will continue serving its clients, operating
partners and investors to the best of our ability, that way exercising our
responsibility to help the region get through the crisis.
For more information, please contact:
Tarmo Karotam
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 Northern
Horizon Capital AS.
Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm,
www.baltichorizon.com