The turnover of AS “Pillar Cash” AS “Pillar Funds” (formerly “New Hanza Money”) relating to the investments in commercial authentic estate of the group business “ABLV Financial institution” liquidated in the very first half of this yr was 11.66 million. of euros, equivalent to 16.3% much more than in the initial 50 % of 2021, but the group’s losses reduced by .4% and amounted to 1,969 million euros, claimed “Pillar Cash” in a note to inventory trade of the “Nasdaq Riga”.
The “Pillar Cash” statement states that the benefits of the team correspond to the outcomes predicted by management.
The Group’s working income circulation in the initial six months of 2022 was € 4.45 million, although the gross assets at the finish of June have been € 155.01 million.
At the conclude of the 1st half of the year, the team had 44 actual estate investments, whose industry benefit achieved 114,003 million euros.
The complete rentable place was 75,607 square meters, at the stop of the initial half of the calendar year 88% of the obtainable spot was leased. The once-a-year rent specified in the contracts was 3,627 million euros.
In the to start with half of 2021, the organization “Pillar Capital” operated with a turnover of 10,025 million euros and experienced a loss of 1,977 million euros.
The company “Pillar Cash” was registered in 2006 and its share money is 135.187 million euros. The serious beneficiaries of the corporation are Nika Berne and Nadezhda Filia.
The firm’s business actual estate portfolio includes VEF workplace structures, business office structures at Elizabetes 23 and Brīvības gatve 275, logistics park “A6”, cultural middle “Hanzas perons” and other qualities in the territory of “New Hanza”.
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