Baltic Horizon Fund Reports on Recent NAV Stability
The Baltic Horizon Fund continues to demonstrate stability in its net asset value (NAV), maintaining a level of EUR 0.6826 at the close of February. This marks a slight decrease from the previous month’s EUR 0.6834 as of the end of January. The total net asset value also reflects minimal change, amounting to EUR 98.0 million compared to EUR 98.1 million at the end of January. This consistent performance reassures investors of the Fund's stable financial footing.
Key Financial Metrics and Developments
As of February 28, the EPRA NRV stood at EUR 0.7266 per unit. The consolidated net rental income for February remained steady at EUR 1.0 million, unchanged from January. This consistency in income generation reflects the Fund's effective management and adherence to its strategic goals.
Exciting New Partnerships
In an exciting development, the Baltic Horizon Fund has signed an agreement with IWG to introduce SPACES, a co-working concept, in an area spanning 1,800 sq. m. within the Europa shopping center. This venture is set to launch in early 2026 and enhances the Fund's profile as a provider of valuable commercial space, aligning with current trends towards flexible working environments.
Financial Position Overview
At the end of February, the Fund's consolidated cash and cash equivalents were reported at EUR 8.3 million, slightly down from EUR 8.8 million the previous month. This liquidity is crucial for supporting ongoing and future projects, giving the Fund the flexibility to navigate market changes effectively.
Asset Management Insights
Moreover, the total consolidated assets of the Fund as of the end of February were EUR 255.0 million, showing a slight decrease from EUR 255.4 million in January. This reduction is a natural part of adjustments within portfolio management and reflects the ongoing strategic focus on enhancing asset value.
About Baltic Horizon Fund
The Baltic Horizon Fund operates under the management of Northern Horizon Capital AS, a licensed Alternative Investment Fund Manager. This structure provides a solid foundation for effective asset and risk management.
For any inquiries, please reach out to:
Tarmo Karotam
Fund Manager
E-mail tarmo.karotam@nh-cap.com
www.baltichorizon.com
Frequently Asked Questions
What is the current NAV of the Baltic Horizon Fund?
The current NAV of the Baltic Horizon Fund is EUR 0.6826.
When will the new SPACES co-working area open?
The new SPACES co-working area is planned to open in early 2026.
How much cash does the Fund have on hand?
The Fund currently has EUR 8.3 million in cash and cash equivalents.
Who manages the Baltic Horizon Fund?
The Fund is managed by Northern Horizon Capital AS, which holds an Alternative Investment Fund Manager license.
What are the total consolidated assets of the Fund?
The total consolidated assets of the Baltic Horizon Fund amount to EUR 255.0 million.
