Börsiteade

Baltic Horizon Fund / Northern Horizon Capital AS

LEI kood

5299008IKT93E4SA0G49

Emitendi suuruskategooria

Väike ettevõtja

Majandustegevusalad

Finants- ja kindlustustegevus

Sektor(id)

Fondivalitseja

Emitendi registreeritud asukoht

Eesti

Üldandmed

Kategooriad

Muud korporatiivtoimingud

Teate ID

10098

Esitamise kuupäev ja aeg

09.02.2023 09:00:00

Teate sisu eesti keeles

Pealkiri

Baltic Horizon Fond müüb Domus Pro büroohoone ja kaubanduskeskuse Vilniuses, Leedus

Teade

Baltic  Horizon Fond  allkirjastas eile,  8.veebruaril 2023, pärast Nasdaq börsi
kauplemispäeva  lõppu lepingu  UAB-ga "PREF  III" 100% BH  Domus PRO UAB osaluse
müügiks,  millele  kuulub  Domus  Pro  büroohoone  ja kaubanduskeskus Vilniuses,
Leedus.  Müügihind on ligikaudu  23,5 miljonit eurot. Fond  on vara omanik olnud
ligi  9 aastat  ning  sellel  perioodil  teenitud  IRR  oli  ligikaudu  15,8% ja
omakapitali  kordaja 2,1. Tehingust laekuvat raha plaanitakse peamiselt kasutada
fondi  laenukohustuste vähendamiseks,  sealhulgas fondi  2023.a mais lunastuvate
võlakirjade  lunastamiseks.  Tehingu  lõpuleviimine  toimub  eeldatavalt 2023.a
veebruari lõpus.

?Fond  osales  antud  arendusprojekti  algfaasi  rahastamises juba 2013. aastal,
2015. aastal  toimus  täiendav  laienemine  jaekaubanduse osas ning 2017. aastal
lisandus bürooplokk. Tegemist oli eduka äärelinna arendusprojektiga, millest sai
fondile  hiljem  tugev  rahavoo  investeering.  Aastate  jooksul on hooned olnud
pidevalt hõivatud erinevate üürnikega, mille tulemusena on algselt investeeritud
raha ka kahekordistunud," kommenteeris fondijuht Tarmo Karotam.

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

Teate sisu inglise keeles

Pealkiri

Baltic Horizon Fund to sell Domus Pro office building and retail park in Vilnius, Lithuania

Teade

Baltic  Horizon Fund (the Fund) signed yesterday, 8 February 2023, following the
end  of the Nasdaq trading  day, an agreement with  UAB "PREF III" to sell 100%
shares  of BH Domus PRO UAB which owns Domus Pro office building and retail park
in  Vilnius, Lithuania. The agreed sales  price of the property is approximately
EUR  23.5 million. The Fund  has been invested  in the property  for close to 9
years  and over the  period earned an  IRR of approximately  15.8% and an equity
multiple of 2.1. The proceeds of the transaction will be used mainly to decrease
the  loan obligations of the Fund and partially for the redemption of the Fund´s
bonds maturing in May 2023. Closing of the transaction is expected to take place
by the end of February 2023.

?The  Fund got  involved with  financing this  development project  in the early
stages  in 2013 with additional  expansions taking place  in 2015 of more retail
and  in 2017 adding the office block. It was a successful development project in
the  suburbs of  Vilnius which  later turned  into a  great cash-flow generating
investment.  Over the  years the  property has  been constantly occupied with an
attractive  tenant mix which resulted in  doubling the investors' money that was
initially invested," commented Fund manager Tarmo Karotam.

For additional information, please contact:
Tarmo Karotam
Baltic Horizon Fund manager
E-mail [email protected]
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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