Positive Growth in Baltic Horizon Fund's NAV
As of the end of July, Baltic Horizon Fund saw an increase in its net asset value (NAV) per unit, reaching EUR 0.6772, up from EUR 0.6766 at the end of June. This positive change reflects the Fund's ongoing commitment to enhancing its financial standing. The total net asset value for the Fund also grew, reaching EUR 97.2 million, marking a slight increase from EUR 97.1 million in the previous month. Such growth is encouraging for investors and stakeholders following the Fund's progress.
Financial Performance for the Month
Throughout July, the Fund's consolidated net rental income remained stable at EUR 1.0 million, consistent with the previous month. This stability in rental income is a vital indicator of the Fund's operational resilience amidst fluctuating market conditions.
Cash Position Shows Improvement
By the end of July, consolidated cash and cash equivalents for the Fund totaled EUR 7.5 million, up from EUR 7.1 million at the end of June. This increase can largely be attributed to the opening of the Apollo Plaza first-floor area, which has contributed to generating additional monthly inflows. Furthermore, the Fund's proactive measures in debt recovery have helped bolster its financial position.
Consolidated Assets Overview
As of July 31, the total consolidated assets of Baltic Horizon Fund reached EUR 239.3 million, a modest increase from EUR 238.8 million in June. This steady growth in assets signifies the Fund's strategic management and overall stability, which is crucial for its future endeavors.
Management and Future Outlook
The Baltic Horizon Fund is under the management of Northern Horizon Capital AS, an established Alternative Investment Fund Manager. The management team is consistently exploring opportunities to enhance the Fund’s portfolio and increase overall returns for its investors. The Fund’s mission remains to provide attractive returns by investing in and managing a diversified portfolio of real estate assets in the Baltic region.
Contact Information
For additional inquiries regarding the Baltic Horizon Fund, please contact:
Tarmo Karotam
Baltic Horizon Fund manager
E-mail: tarmo.karotam@nh-cap.com
Visit Our Website
For more information about Baltic Horizon Fund and its updates, feel free to explore the Fund’s official website at www.baltichorizon.com. You can register for announcements and news about the Fund's projects and plans to stay informed about future developments.
Frequently Asked Questions
What was the NAV of Baltic Horizon Fund in July?
The net asset value (NAV) per unit of Baltic Horizon Fund increased to EUR 0.6772 at the end of July.
How much was the total net asset value?
The total net asset value of Baltic Horizon Fund was EUR 97.2 million as of July.
What factors contributed to the increase in cash?
The increase in cash was primarily due to the opening of the Apollo Plaza first-floor area and effective debt recovery measures.
Who manages the Baltic Horizon Fund?
The Fund is managed by Northern Horizon Capital AS, which holds an Alternative Investment Fund Manager license.
Where can I find more information about the Fund?
You can find more information and updates about Baltic Horizon Fund on their official website at www.baltichorizon.com.
