From GlobeNewswire: 2025-02-17 12:30:00

Northern Horizon Capital AS has approved the unaudited consolidated interim report of Baltic Horizon Fund for the twelve months ending in 2024. The focus of the Fund’s management is on achieving specific goals, such as portfolio fulfillment, loan-to-value ratio, and strategic tenant strategies.

In 2024, the Fund reached 100% certification of its portfolio and made progress in reaching its target fulfillment rate. Despite not achieving a 90% fulfillment rate by the end of 2024, significant progress was made, with a fulfillment rate of 86.5% based on lease commencement dates.

The Fund has recently disclosed a strategy for asset divestment to reduce the loan-to-value ratio and support a more stable recovery. This strategy includes the sale of certain assets to optimize the portfolio and strengthen financial stability.

The Fund’s strategic focus in 2025 is on flexible and sustainable solutions to meet tenant demands and market conditions. The Fund aims to increase portfolio fulfillment and reduce the loan-to-value ratio through partial bond redemptions.

The Baltic real estate market in 2025 is expected to face challenges and opportunities due to economic uncertainty and changing consumer preferences. The Fund’s management is focused on strengthening financial stability through strategic asset sales and sustainable financial results.

For further information and detailed financial data, please refer to the official reports for the fourth quarter of 2024 available in both Estonian and English through the provided links.



Read more at GlobeNewswire:: Baltic Horizon Fondi 2024. aasta I-IV kvartali