Northern Horizon Capital
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Secura

CLOSED FOR NEW SUBSCRIPTIONS

Secura is a direct real estate fund investing in commercial properties in the three Baltic countries: Estonia, Latvia and Lithuania . The fund is fully invested and has a property portfolio of approximately 100,000 sq. m.

Secura is a long-term real estate investment vehicle. The fund has an equity base of EUR 40 million and a total investment capacity of EUR 100 million. The target RoE is 12.5% per annum.

Secura had its final closing in October 2004.

Investment strategy
The focus of Secura is on prime commercial properties within the retail, office and logistics segments. The fund invests solely in the three Baltic countries.

Secura is focused on a "value added" strategy of acquisition, development and refurbishment of commercial properties (or portfolios of commercial properties) that are strategically well-located in the selected regions. The fund seeks to attract leading international and local tenants and to secure leaseholds of at least 5-10 years.

The underlying fundamental is to utilize the steady yield compression (capital growth) in the selected real estate markets. As yields converge towards Western European levels, the market is expected to show capital gains.

Structure
Secura is registered as a Danish limited liability company (A/S).

In summary

  • Investment focus on the Baltic countries
  • Segment focus on retail, office and logistics
  • Attractive yields and the potential for capital gains through yield convergence towards Western Europe
  • Highly selective approach to real estate
  • Local organisation with extensive real estate asset management experience and network

 

Investment area