EfTEN Capital

EfTEN Real Estate Fund new share emission will end on this week Friday, 06. December at 15:30. The fund is the largest commercial real estate fund in the Baltics with very well diversified portfolio - 35 different assets and 564 tenants. The portfolio running unleveraged net yield is 8,0% and LTV only 40%. The share are offered at 19 € per share which is 7% discount to NAV. The historical dividend yield is 5% per year. Offer is available in Estonia, Latvia and Lithuania. All relevant info: https://lnkd.in/dhtwYhTB

EfTEN Capital is happy to announce the signing of a landmark transaction of the year 2024 - we will acquire Kristiine shopping centre in Tallinn with a club of Estonian investors. Thank you for an excellent cooperation Citycon. The transaction will be financed by SEB Eesti and Swedbank Estonia. The transaction was advised RASK Law office. News link: https://lnkd.in/dJqyDHrh

The international sustainable investment assessor GRESB recognized EfTEN Real Estate Fund 4’s advancements in sustainability, awarding it both global and European excellence labels. For the second consecutive year, EfTEN Real Estate Fund 4 achieved the maximum five-star rating for ESG performance, ranking third among 50 benchmarked funds in Europe. EfTEN Head of ESG Merle Purre: “Sustainable management has become a critical component of real estate investment and can no longer be overlooked in today’s market. The GRESB results and our ongoing ESG development reflect our team’s dedication to responsible investment management. Additionally, the Fund’s portfolio is 100% certified by BREEAM, ensuring transparency and providing an objective evaluation of the condition of our assets" Read more: https://lnkd.in/dNj4n3Xm

Another EBRD milestone in the real estate sector of the Baltics! EUR 20 million invested in partnership with EfTEN Capital, the leading real estate fund in the Baltic States. The Eften Special Opportunities Fund is the first private equity real estate fund in the region with clear focus on assets requiring additional equity or quasi-equity to complete the business plan. Of course, EBRD's involvement means that we will aim achieving high energy efficiency standards. Am particularly proud that the Bank continues strengthening the private equity landscape in the Baltics. Kudos to professional and experienced team at EfTEN led by Viljar Arakas and EBRD's colleagues Oleg Fedulin, CFA Seher Gungor Artyom Baiko, CFA Vlaho Kojakovic Klajd Hasimi Anne Fossemalle for their hard work and support! 🌟 Read more about this exciting investment here: [Link to the article for more details](https://lnkd.in/er8MbDWU)

EfTEN Real Estate Fund will undertake a new share emission in November 2024. For the first time in our history, we will include Latvia and Lithuania into our public offering. Many people have asked me why exactly now when the real estate is not the "coolest kid in the class". I took some time to put down our arguments why there is no better time than now. "Raising capital in real estate market before the dawn": https://lnkd.in/dCP2Yf4g

EfTEN Real Estate Fund is considering to undertake a new public share emission in fourth quarter of this year. The total size of the new share emission is 10 - 15% of current equity level which equals to 20 - 30 million euros of fresh equity. The use of proceeds is acquisition of new commercial properties. For the first time in the fund's history we will undertake the share offering in Latvia and Lithuania as well. https://lnkd.in/dqG5fxs3

EfTEN Real Estate Fund 5 bought the newly completed UNA retail park in Vilnius, developed by VPH. This marks the largest transaction with a retail asset in the Baltics this year. UNA’s anchor tenants are Kesko Senukai and Rimi. The transaction was financed by the SEB Bank. Thank you Newsec and Fort Legal Vilnius for your assistance and good work. https://lnkd.in/dhWEAkMq

Nasdaq listed EfTEN Real Estate Fund AS has completed the third elderly care facility in Estonia in close cooperation with Südamekodud AS. Elderly care facilities are generally outdated in the Baltics. The demand is clearly increasing. Therefore suitable properties needs to be built-up from scratch. Elderly care gives additional diversification next to retail, offices, logistics, governmental and hospitality segments. All those commercial real estate subsectors are represented in EfTEN Real Estate Fund's asset pool. https://lnkd.in/drQdCCyC

EfTEN Real Estate Fund AS consolidated sales income for the second quarter of 2024 was 7.957 million euros (2023 II quarter: 7.961 million euros). The consolidated sales revenue of EfTEN Real Estate Fund AS for the first half of 2024 was 15.918 million euros (2023 first half: 15.749 million euros). The group's net rental income totalled 14.781 million euros in the first half of 2024 (2023: 14.704 million euros). The net profit of the group in the same period was 6.250 million euros (2023: 2.445 million euros). https://lnkd.in/dQuGhHRS

EfTEN Special Opportunity Fund made its first investment. We helped to co-finance ZeroSum Asset Management recent acquisition, Svitrigailos 11B business centre in Vilnius. EfTEN provided 2 million euros bond financing with 50 months duration. The mission of EfTEN Special Opportunities Fund is to provide different financing layers for developers or asset managers in their acquisitions or development projects in the Baltics. The fund can be an investor via equity, mezzanine financing, bonds or to be senior debt provider as it suits project needs.