Exploring Baltic Horizon Fund's Financial Stability and Growth
Overview of the Baltic Horizon Fund's Recent Performance
The Baltic Horizon Fund (the Fund) has demonstrated commendable financial stability as reflected in its net asset value (NAV) per unit, which stood at EUR 0.6826 at the close of February 2025. This figure shows consistency when compared to EUR 0.6834 recorded at the end of January 2025. The Fund's total net asset value also remained steady, totaling EUR 98.0 million, slightly down from EUR 98.1 million in January 2025.
Key Financial Highlights
As of the end of February 2025, the EPRA NRV (European Public Real Estate Association Net Reinstatement Value) was EUR 0.7266 per unit, indicating the value derived from the Fund's suite of properties. This consistency is vital for current and potential investors looking for reliable returns.
Revenue from Rental Income
In February, the consolidated net rental income for the Fund held steady at EUR 1.0 million, matching the figure from January 2025. This indicates a stable revenue stream for the Fund and highlights its ability to maintain consistent income despite market fluctuations.
Strategic Developments
A significant milestone occurred in February with a partnership signed with IWG for a co-working space concept known as SPACES. This development will cover an area of 1,800 square meters on the third floor of the Europa shopping center, with an anticipated opening in early 2026. This move aligns with the growing trend of flexible workspaces and demonstrates the Fund's proactive approach in diversifying its property offerings.
Cash Reserves and Assets
The Fund's consolidated cash and cash equivalents amounted to EUR 8.3 million at the end of February, down from EUR 8.8 million at the end of January 2025. This decline in cash reserves is a point of attention, yet it is essential to analyze this in the context of overall asset management.
Total Consolidated Assets
As of February 28, 2025, the total consolidated assets of the Fund were valued at EUR 255.0 million, slightly down from EUR 255.4 million in January. This minimal reduction in asset value suggests a stable portfolio, appealing to investors focusing on long-term gains rather than short-term fluctuations.
Contact Information
For further inquiries regarding the Baltic Horizon Fund, interested parties are encouraged to reach out to Tarmo Karotam, the Fund manager. He can be contacted via email at tarmo.karotam@nh-cap.com. Additionally, more information can be accessed through the official website at www.baltichorizon.com.
About the Baltic Horizon Fund
The Baltic Horizon Fund is a registered contractual public closed-end real estate fund, managed by Northern Horizon Capital AS, holding a license as an Alternative Investment Fund Manager. The Fund has been strategically positioned to capture unique investment opportunities within the Baltic real estate market.
Frequently Asked Questions
What is the net asset value of the Baltic Horizon Fund?
The net asset value (NAV) per unit for February 2025 is EUR 0.6826.
How much was the total net asset value at the end of February 2025?
The total net asset value of the Fund was EUR 98.0 million.
What are the Fund's rental income earnings for February?
The consolidated net rental income remained stable at EUR 1.0 million.
What new developments is the Baltic Horizon Fund involved in?
The Fund has signed an agreement with IWG to establish a new co-working space, SPACES, at the Europa shopping center.
How can I get more information about the Baltic Horizon Fund?
Interested individuals can visit the Fund’s official website at www.baltichorizon.com or contact Tarmo Karotam via email.
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