Funds

Facts

KEY FUND FEATURES
Fund name BPT Baltic Opportunity Fund (REIF)
Status Closed for new investments
Investment profile Invests in commercial properties in Estonia, Latvia and Lithuania, mainly in the capitals but potentially also in other selected cities
Fund type Closed-ended, unlisted
Legal structure Estonian Real Estate Investment Fund (REIF)
Inception December 2010
Expected exit 2017-2018
Fund manager Northern Horizon Capital AS
Fund administrator Swedbank AS
Minimum investment 100,000 EUR
INVESTMENT TARGETS
Equity EUR 100 million
Leverage 50 %
Total inv capacity EUR 200 million
Sector allocation 40 % retail, 30 % office, 30 % other
Country allocation 40 % Lithuania, 30 % Latvia, 30 % Estonia
RoE 15-20 % per annum
Dividend >8 % per annum (when fully invested)
PORTFOLIO
Number of properties First investment has yet to be made.
Total portfolio size *
Average property size *
Average lease length The lease length targets depend on the use: Retail 3-10 years, office 5+ years, other segments 10+ years
FEES
Subscription fee N/A
Management fee 1.9 % of NAV per annum
Acquisition fee N/A
Incentive fee 20 % above a hurdle rate of 11 % return on paid-in capital

Management

Fund Manager

Investment Committee

  • Lars Ohnemus
    Founder and Chairman of Northern Horizon Capital A/S
  • Andris Kraujins
    Independent advisor
  • Janis Abasins
    Independent advisor

Management Company

Supervisory Board of the Management Company (all Northern Horizon Capital A/S)

  • Michael Schönach
  • Dalia Garbuzienė
  • Jussi Pelkonen

Depository

SWEDBANK AS
Att: Client Relationship Manager
Mrs. Piret Viskus
Liivalaia 10
15040 Tallinn
Estonia
Phone no.: +372 888 1020
E-mail: piret.viskus@swedbank.ee

Reports

QFR

Year Q1 Q2 Q3 Q4 Annual
2010 N/A N/A N/A pdf N/A
2011 pdf pdf pdf pdf See note
2012 pdf pdf pdf pdf See note
2013 pdf pdf pdf pdf See note
2014 pdf pdf pdf pdf See note
2015 pdf pdf pdf pdf

 

Note: The annual report is available upon request.

Baltic Opportunity Quarterly Fund Report for Q4 2015

April 25

The BPT Baltic Opportunity Quarterly Fund Report for Q4 2015 has been released. The INREV NAV at year-end is EUR...

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BPT Baltic Opportunity Fund General Meeting of Investors

February 23

Hereby Northern Horizon Capital AS (address: Hobujaama tn 5, Tallinn 10151, Estonia, hereinafter the Management Company), the management company of BPT...

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Baltic Opportunity pays 7% distribution to its investors

December 21

Northern Horizon Capital’s Baltic Opportunity Fund has paid out 7% on invested equity to its investors. Over the past 3...

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Baltic Opportunity Quarterly Fund Report for Q3 2015

November 16

The BPT Baltic Opportunity Quarterly Fund Report for Q3 2015 has been released. The INREV NAV at quarter-end is EUR...

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Baltic Opportunity Quarterly Fund Report for Q2 2015

August 10

The BPT Baltic Opportunity Quarterly Fund Report for Q2 2015 has been released. The INREV NAV at quarter-end is EUR...

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Baltic Opportunity Quarterly Fund Report for Q1 2015

May 20

The BPT Baltic Opportunity Quarterly Fund Report for Q1 2015 has been released. The INREV NAV at quarter-end is EUR...

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Baltic Opportunity Quarterly Fund Report for Q4 2014

March 9

The BPT Baltic Opportunity Quarterly Fund Report for Q4 2014 has been released. The INREV NAV at quarter-end is EUR...

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Baltic Opportunity Fund acquires the Europa shopping mall in Vilnius

March 3

Baltic Property Trust Secura A/S which is currently in voluntary liquidation has completed the sale of its largest property –...

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BPT Baltic Opportunity Fund General Meeting of Investors

December 22

Hereby Northern Horizon Capital AS (address: Rävala pst 5, Tallinn 10143, Estonia, hereinafter the Management Company), the management company of...

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Baltic Opportunity has completed an interim net income distribution of 5%

December 12

After making an interim net income distribution of 5% to its investors, the Baltic Opportunity fund has yet again proven...

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Baltic Opportunity Quarterly Fund Report for Q3 2014

October 31

The BPT Baltic Opportunity Quarterly Fund Report for Q3 2014 has been released. The INREV NAV at quarter-end is EUR...

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Baltic Opportunity Quarterly Fund Report for Q2 2014

August 5

The BPT Baltic Opportunity Quarterly Fund Report for Q2 2014 has been released. The INREV NAV at quarter-end is EUR...

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Baltic Opportunity Quarterly Fund Report for Q1 2014

April 25

The BPT Baltic Opportunity Quarterly Fund Report for Q1 2014 has been released. The INREV NAV at quarter-end is EUR...

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