About
Baltic Horizon
Baltic Horizon Fund is a listed real estate fund that aims to deliver value to its investors through active management of commercial real estate in the Baltics.
What we do
Baltic Horizon Fund invests in commercial real estate assets in strategic locations in the Baltic capital cities.
The Fund's business model is focused on creating value by investing in, managing, improving, and disposing of assets.
The Fund aims to grow through making attractive investments for its investors while diversifying its risks geographically, across real estate segments, tenants and debt providers.
The strategic focus is on catering to ‘Modern City Life’ and on governmental and social tenant concepts in Vilnius, Riga, and Tallinn.
Our business model
We create value by investing in, managing, improving, and disposing of commercial real estate assets.
1
Invest
We invest in commercial assets in strategic locations in the Baltic capitals
2
Manage
We manage the properties efficiently, with a particular focus on ensuring occupancy and rental income
3
Improve
We optimize and upgrade our assets based on changing market demands and new ESG requirements
4
Dispose
We sell buildings with the aim of generating attractive returns for our investors
Modern City Life
The 'Modern City Life' concept at a glance
Location and accessibility
- Central locations
- Good transportation infrastructure
- Walkability
Mixed-use communities
- Multi-purpose spaces
- Live/work integration
- Food and entertainment
Sustainability and wellness
- Green leases
- Green design elements
- Health and wellness facilities
Our ‘Modern City Life’ strategy is focused on centrally located, multi-functional properties with adaptable spaces designed to inspire, uplift, and enhance the lives of modern citizens and communities.
About the Fund
Fund facts
Baltic Horizon Fund is a regulated closed-end contractual investment fund registered in Estonia on 23 May 2016.
The Fund is a public fund with no particular lifetime (evergreen). Units of Baltic Horizon Fund are made available to the public in accordance with the fund rules and applicable laws.
Both Baltic Horizon Fund and the Management company (AIFM) Northern Horizon Capital AS are supervised by Estonian Financial Supervision and Resolution Authority.
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Fund name
Baltic Horizon Fund
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Fund status
Listed on Nasdaq
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Fund term
Evergreen
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Fund administrator
Swedbank AS
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ROE (return-on-equity)
target 10-12% p.a.
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Distribution
up to 80% of generated net cash flow
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LTV (loan-to-value)
target <50%
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Auditor of the Fund
KPMG Baltics OÜ
Historic highlights
Baltic Horizon Fund was the first public real estate fund to become listed on the Nasdaq Tallinn stock exchange.
Explore the important milestones from the launch in 2010 and to today.
Discover more
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Fund management
Meet the members of the Management Board, the Supervisory Board, and the Supervisory Council.
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Management Company
Learn about the Management Company and the management and success fees.
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Risk Management
Understand our approach to risk management and the risk management process.
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Fund Rules
Read the Estonian FSA approved Fund Rules guiding all matters of the fund.
The team behind Baltic Horizon Fund
Baltic Horizon is managed by an experienced team of investment managers, real estate professionals, and specialists.