History
Eastnine was called East Capital Explorer until May 2017. The company was founded and listed by East Capital in 2007, as a way of providing liquid exposure toward otherwise difficult-to-access markets in Eastern Europe by investing in a diversified portfolio composed mainly of East Capital's funds, but also in select private equity investments. The portfolio was managed in its entirety by East Capital, up until the spring of 2016. Today Eastnine is focused on investing in modern and sustainable office properties in the Baltics and Poland.
From investment company to real estate company
As the market evolved, significant changes took place at Eastnine as well. Starting in 2013, the strategy evolved from funds with holdings in public companies, to directly owning unlisted companies and properties. In 2016, the previous management agreement was terminated, transferring management over to Eastnine. The decision was taken in the beginning of 2017 to become a focused real-estate company, which was a natural conclusion to these changes. Investments that were not directly-owned real estate have gradually been divested, and the capital thus freed up has been invested into properties in the Baltics and Poland.
Acquisition of Nowy Rynek E in Poland
Eastnine acquires its second building in Poland, Poznan
Divestment of MFG
Divestment of the holding in the fashion chain Melon Fashion Group (MFG).
Acquisition of Nowy Rynek D in Poland
Eastnine has acquired a newly built office property in Poznan, Poland. With the deal, Eastnine makes its entrance as a property owner in Poland.
Divestment of fund
East Capital Baltic Property Fund II is under termination after all assets in the fund have been divested. Fair value of Eastnine’s fund holding is zero.
Divestment of fund
Eastnine AB (publ) avyttrar hela innehavet i East Capital Baltic Property Fund III. Köpeskillingen uppgår till cirka 25,1 MEUR, vilket motsvarar verkligt värde per sista september 2019.
Holdings divestment
Divestment of holding in the bank Konercijalna Banka Skopje and in East capital Eastern Europe Small Cap Fund.
Change of name
East Capital Explorer renamed to Eastnine.
Trev-2 sale
Sale of holding in the infrastructure company Trev-2.
Starman sale
Sale of the holding in the cable TV company Starman.
Independent investment entity
East Capital Explorer becomes independent investment entity.
Company founded
The company was founded and listed by East Capital in 2007 as an opportunity to give equity holders a liquid exposure to other hard-to-reach markets in Eastern Europe by investing in a diversified portfolio of primarily East Capital funds, but also selective private equity investments.