Baltic Horizon makes its first acquisition under the new evergreen fund structure

Following the successful capital raising, Baltic Horizon has closed and taken over G4S Headquarters in Tallinn just days after listing on Nasdaq Tallinn Stock Exchange. Baltic Horizon now has a portfolio of 6 quality cash-flow objects in the Baltic Capitals worth in excess of 100 mln EUR.

G4S Headquarters was built in 2013. The property is located on arterial Paldiski road and has some 9.1 thousand m² of gross area. The property is leased on a long term basis to a global Danish security company G4S. The property was acquired approx. at a 7,5% yield.

The public offering of Baltic Horizon units was successfully concluded on 29 June, 2016 together with the merger with Baltic Opportunity Fund. Baltic Horizon attracted gross equity of 29.7 mln EUR. Baltic Horizon units started trading on Nasdaq stock exchange on 6 July 2016. Baltic Horizon ticker is NHCBHFFT.

Baltic Horizon aims to be a stable dividend payer as the majority of its operating cash-flow will be paid out in regular dividends. Such attractive risk-adjusted dividend yield appeals to a wide range of investors looking for cash-generating assets in the low deposit rate environment. Fund’s investors are reputable Nordic and Baltic institutional and private investors. The deal adds on to a portfolio of quality cash-flow assets in the Baltic capital cities which includes Europa Shopping Center and Coca Cola Plaza in the heart of Vilnius and Tallinn respectively.

For more information, please contact:

Mr. Tarmo Karotam
Fund Manager of Baltic Horizon Fund
Tel: +372 5089044, tarmo.karotam@nh-cap.com