Subsidiary of EfTEN Real Estate Fund AS acquired the ICONFIT production and warehouse Today, 21.11.2024, EfTEN Paemurru OÜ OÜ finalized the transaction by which the company acquired the property located on Paemurru tee 3, Laabi village, Harju County, Harku Municipality, near Tallinn. Previously (), the fund has notified the stock exchange of the conclusion of a contract of sale under the law of obligations. All the agreed preconditions for the transfer of ownership and the conclusion of a real right contract have been met. The tenant of the property is ICONFIT (European Foods OÜ), th...
Notice of Public Offering, Listing, and Admission to Trading of Additional Shares of EfTEN Real Estate Fund AS EfTEN Real Estate Fund AS (registry code 12864036, address A. Lauteri 5, 10114 Tallinn) announces a public offering of shares based on a decision of the fund's Supervisory Board dated November 11, 2024, and informs about the planned listing and admission to trading of new shares on the regulated market organized by Nasdaq Tallinn AS (registry code 10359206). The Supervisory Board's decision is based on the resolution of the shareholders' general meeting held on October 16, 2024. S...
EfTEN Real Estate Fund AS-i täiendavate aktsiate avaliku pakkumise, noteerimise ja kauplemisele võtmise teade EfTEN Real Estate Fund AS (registrikood 12864036, aadress A. Lauteri tn 5, 10114 Tallinn) kuulutab 11.11.2024. a fondi nõukogu otsuse alusel välja aktsiate avaliku pakkumise ning teavitab kavandatavast uute aktsiate noteerimisest ja kauplemisele võtmisest Nasdaq Tallinn ASi (registrikood 10359206) poolt korraldataval reguleeritud turul. Nõukogu otsus põhineb aktsionäride 16.10.2024.a üldkoosoleku otsusel. Aktsiate pakkumine ...
The net asset value of EfTEN Real Estate Fund AS shares as of 31.10.2024 In October, EfTEN Real Estate Fund AS earned a consolidated rental income of 2,570 thousand euros, an increase of 19 thousand euros compared to September. This increase is primarily attributed to the first month of rental income from the new investment Härgmäe logistics center. The fund's consolidated EBITDA for October was 2,155 thousand euros, which is 36 thousand euros lower than in the previous month. The decrease in EBITDA was mainly due to autumn marketing campaigns in shopping centers and year-end valuation exp...
EfTEN Real Estate Fund AS’i aktsia puhasväärtus seisuga 31.10.2024 EfTEN Real Estate Fund AS teenis oktoobris konsolideeritud üüritulu summas 2 570 tuhat eurot, mis on 19 tuhat eurot rohkem kui septembris. Suurenenud üüritulu on peamiselt seotud uue investeeringu - Härgmäe logistikakeskuse esimese kuu üürituluga. Fondi konsolideeritud EBITDA oli oktoobris 2 155 tuhat eurot, mis on 36 tuhat eurot vähem kui eelmisel kuul. EBITDA vähenemist põhjustasid sügisesed turunduskampaaniad kaubanduskeskustes ja kinnisvaraportfelli aasta lõpu hindamiskulud. Oktoobris sõlmis fondi tütarettevõt...
LHV Pank updated equity research on EfTEN Real Estate Fund AS LHV Pank updated the equity research and price target of EfTEN Real Estate Fund AS (EfTEN; EFT1T) shares. According to the analysis, the price target for the share was increased from 19,6 euros to 20 euros and the share has a “neutral” rating. The previous price target for the EfTEN Real Estate Fund AS shares was set in January 2024. LHV research points out three main strengths of the EfTEN Real Estate Fund AS: (i) decreasing financial cost base due to falling interest rates; (ii) low vacancy rate; (iii) dividend yield, whic...
EfTEN Real Estate Fund AS unaudited results for 3rd quarter and nine months of 2024 The decrease in euro interest rates is quietly increasing transaction activity on the Baltic real estate market and has a positive effect on the financial results of EfTEN Real Estate Fund AS. Thus, in the third quarter of 2024, the fund's consolidated interest expense decreased by more than 60 thousand euros compared to the previous quarter. From the transactions perspective, the third quarter was the most active in recent years - the Fund's subsidiary EfTEN Tähesaju tee OÜ sold the Tähesaju Hortes property...
EfTEN Real Estate Fund AS 2024. aasta III kvartali ja 9 kuu auditeerimata majandustulemused Euro intressimäärade alanemine kasvatab vaikselt tehinguaktiivsust Balti riikide kinnisvaraturul ning omab positiivset mõju EfTEN Real Estate Fund AS’i majandustulemustele. Nii alanes 2024.a III kvartalis fondi konsolideeritud intressikulu eelneva kvartaliga võrreldes enam kui 60 tuhande euro võrra. Tehingute aspektist oli III kvartal viimaste aastate aktiivseim – fondi tütarettevõte EfTEN Tähesaju tee OÜ müüs Tähesaju Hortese kinnistu ning fond asutas kaks uut 100%-list tütarettevõtet Paemurru ja Hä...
Decisions of the extraordinary general meeting of shareholders of EfTEN Real Estate Fund AS 16.10.2024 The extraordinary general meeting of shareholders of EfTEN Real Estate Fund AS was held on 16 October 2024 in in the Radisson Collection Hotel Conference Center (2nd floor, Tallinn, Rävala 3). A total of 133 shareholders attended the meeting representing 8 332 014 votes. This means 77,01% of the total votes were represented. Of the participants, 17 shareholders representing 1 394 885 votes, i.e., 12,89% of all votes attached to the shares, cast their votes electr...
The net asset value of EfTEN Real Estate Fund AS shares as of 30.09.2024 EfTEN Real Estate Fund AS’s subsidiary, EfTEN Tähesaju tee OÜ, sold its property located at Tähesaju road 5, Tallinn in September. The property was sold for 4,675 thousand euros, which is 452 thousand euros below its book value. The sale generated 1.9 million euros in cash proceeds after loan repayments. The fund invested the proceeds from the sale into advance payments for logistics centers located at Härgmäe Str. 8 / Piimamehe Str. 7 and Paemurru road 3 in Tallinn. EfTEN Real Estate Fund AS generated consolidate...
EfTEN Real Estate Fund AS’i aktsia puhasväärtus seisuga 30.09.2024 EfTEN Real Estate Fund AS'i tütarettevõte EfTEN Tähesaju tee OÜ müüs septembris talle kuulunud kinnistu aadressil Tähesaju tee 5, Tallinn. Kinnistu müüdi hinnaga 4 675 tuhat eurot, mis on 452 tuhat eurot alla bilansilise maksumuse. Müügist laekus fondile peale pangalaenude tagastamist 1,9 miljonit eurot. Müügist laekunud raha investeeris fond ettemaksuna Tallinnas aadressidel Härgmäe tn 8 /Piimamehe tn 7 ning Paemurru tee 3 asuvate logistikakeskuste soetamisse. EfTEN Real Estate Fund AS teenis septembris 2 551 t...
Establishment of a subsidiary and construction of the ICONFIT production and warehouse on the property purchased from the RESTATE group On 27.09.2024 EfTEN Paemurru OÜ, a subsidiary of the EfTEN Real Estate Fund AS, signed a contract under law of obligation with Teearu Arenduse OÜ, a member of the RESTATE group, for the acquisition of a property located on Paemurru tee 3, Laabi village, Harju County, Harku Municipality, near Tallinn. In cooperation with Eventus Ehitus OÜ, the fund will construct an production, trade and warehouse building on the property. Eventus Ehitus OÜ start...
Tütarettevõtja asutamine ning RESTATE grupilt ehitusjärgus oleva ICONFIT tootmis- ja laohoone ostmine EfTEN Real Estate Fund AS-i tütarettevõtja EfTEN Paemurru OÜ sõlmis 27.09.2024 RESTATE gruppi kuuluva Teearu Arenduse OÜ-ga Tallinna külje all Harju maakonnas Harku vallas Laabi külas Paemurru tee 3 asuva kinnistu omandamiseks võlaõigusliku lepingu. Omandatavale kinnistule rajab fond koostöös Eventus Ehitus OÜ-ga tootmis-, kaubandus- ja laohoone. Ehitustöödega alustas Eventus Ehitus OÜ juulis 2024 ning ehitustööd on kavandatud lõpule viia 2025. a aprilli lõpuks. Fondi investeerin...
EfTEN REAL ESTATE FUND AS NOTICE CALLING THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS The Management Board of EfTEN Real Estate Fund AS (registry code 12864036; seat Tallinn, A. Lauteri 5) calls the extraordinary general meeting of shareholders on 16 October 2024 at 15:00. Venue of the general meeting: Radisson Collection Hotel second floor conference centre hall “Tallinn”, address Tallinn, Rävala 3. The registration of participants of the general meeting starts at 14:00 on 16 October 2024 at the venue of the meeting. The registration ends at 15:00. If possible, we re...
EfTEN REAL ESTATE FUND AS AKTSIONÄRIDE ERAKORRALISE ÜLDKOOSOLEKU KOKKUKUTSUMISE TEADE EfTEN Real Estate Fund AS-i (registrikood 12864036; asukoht Tallinn, A. Lauteri 5) juhatus kutsub kokku aktsionäride erakorralise üldkoosoleku 16. oktoobril 2024. a algusega kell 15.00. Üldkoosoleku toimumise koht: Radisson Collection hotelli II korruse konverentsikeskuse saal nimetusega „Tallinn“ aadressil Tallinn, Rävala pst 3. Koosolekust osavõtjate registreerimine algab 16.10.2024 kell 14.00 koosoleku toimumiskohas. Registreerimine lõppeb kell 15.00. Palume aktsionäridel v...
Establishment of a subsidiary, and conclusion of purchase contract for the properties of the ELP Logistics OÜ logistics center EfTEN Härgmäe OÜ, a 100% subsidiary of EfTEN Real Estate Fund AS, signed on 19.09.2024 a contract under the law of obligations with Conus Assets OÜ for the acquisition of properties located at Härgmäe st 8 and Piimamehe st 7 in Tallinn, on which a newly constructed business and logistics building is located. The total sale price of the properties is 8,800,000 euros, plus VAT. Of that 500,000 euros has been paid at the conclusion of the contract under the law of obli...
Subsidiary of EfTEN Real Estate Fund AS finalized the sale of a property in the Tähesaju commercial area EfTEN Tähesaju tee OÜ finalized the transaction by which the company sold the property located at Tähesaju 5 in the Tähesaju retail park in Lasnamäe, Tallinn to the AS Kinnisvara Info.Earlier, (i.e. ), the fund announced about the sale contract under law of obligations of the property. The preconditions for the closing of the transaction set forth in the sale contract under law of obligations of the property have been fulfilled, including the possession of the property has been transfer...
EfTEN Real Estate Fund AS-i tütarettevõtja viis lõpule Tähesaju kaubanduspargis asuva kinnistu müügitehingu EfTEN Tähesaju tee OÜ viis lõpule tehingu, millega müüs aktsiaseltsile Kinnisvara Info Tallinnas Lasnamäel Tähesaju kaubanduspargis aadressil Tähesaju 5 asuva kinnistu. Varasemalt, (s.o ) teatas fond kinnistu võõrandamiseks võlaõigusliku müügilepingu sõlmimisest.Võlaõiguslikus müügilepingus kokkulepitud omandi üleandmise ja asjaõiguslepingu sõlmimise eeldused on täidetud, sh on kinnistu valdus aktsiaseltsile Kinnisvara Info üle antud.EfTEN Real Estate Fund AS-i tütarettevõtja EfTEN ...
The net asset value of EfTEN Real Estate Fund AS shares as of 31.08.2024 EfTEN Real Estate Fund AS earned 2,577 thousand euros consolidated rental income in August, which is 4 thousand euros more compared to July. The fund's consolidated EBITDA in August was 2,165 thousand euros, which is 54 thousand euros lower than the previous month. The decrease in consolidated EBITDA was due to a provision related to the sale of the Tähesaju Hortese property. In August, the fund’s subsidiary received a prepayment of 200 thousand euros in connection with the conclusion of a conditional sales agreement f...
EfTEN Real Estate Fund AS considers new public offering of shares The management board of EfTEN Real Estate Fund AS presented to the supervisory board a proposal for issuing new shares, the purpose of which is to finance new planned acquisitions. The volume of the issue is initially planned to be 10% of the fund's current equity capital (approximately 20 million euros), which in case of oversubscription can be upsized to 15% of the fund's equity capital (approximately 30 million euros). The fund is considering issuing new shares at a price that corresponds to the 60-day simple average clos...
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