|Emitents||New Hanza Capital, AS (549300HG3YO0QBYPSM51)|
|Veids||1.2 Pusgada finanšu pārskati un revīzijas ziņojumi / ierobežotas pārbaudes|
In the first six months of this year New Hanza Capital, AS increased the number of investment objects of the group and now those are 11 properties with their total market value exceeding EUR 47.7 million. Group’s profit in H1 2019 before taxes amounted to EUR 258.7 thousand, while the company has been working at a pre-tax profit of EUR 155.7 thousand. The Group’s and the Company’s performance complies with the results expected by the management
Group’s financial results are as follows:
With the acquisition of strategically important properties and their efficient management, in H1 2019 there was a 20% increase in the average rent price of the company’s office premises. The rent increase is expected to continue given the work on attracting tenants to the newly purchased buildings and rotation of tenants in other properties.
In office building at 214M Brīvības St. (the former VEF factory territory) there are preparation works continuing for the reconstruction project. The scheduled rotation of tenants is taking place also in warehouse premises in logistics centre Piepilsētas, which at the end of June was occupied by 60%.
New Hanza Capital, AS is a company founded in 2006 that is investing its funds in commercial properties. The objectives of its operation includes investing own and third party funds in commercial real estate objects to achieve sustainable increase in income from renting the premises and enlarging of the value of properties. The company’s real estate portfolio includes office buildings at VEF neighbourhood, airBaltic central office at Riga International Airport, office building at 23 Elizabetes Street, logistics centres in Riga and Ķekava Region and other objects. The total leasable area of the premises exceeds 77 thousand square metres.