Results of July (30.06.2021-30.07.2021) subscription period of EfTEN United Property Fund:
– fund received 505 subscription applications;
– investors subscribed fund units in the amount of 1,4mio EUR.
The EfTEN United Property Fund purchased 45 000 shares of the EfTEN Kinnisvarafond II with latest NAV per share 14,7484. The investment consists of 6 commercial properties in Estonia, Latvia and Lithuania, expected NOI is 13mio EUR per annum, consolidated NAV is 135,9mio EUR and LTV is 46%. As the investment is to the fund managed by the EfTEN Capital, no management fee is charged on this investment.
