EfTEN United Property Fund makes largest investment to date
The EfTEN United Property Fund invested 5,7mio EUR to the EfTEN Real Estate Fund 5. This brings EfTEN United Property Fund investment ratio to almost 80% of investable capital.
EfTEN Real Estate Fund 5 is a commercial real estate fund targeting investments in the Baltic countries with the value over 15mio EUR. The fund follows principles of green investing. Its first acquisition is the Danske Bank office building in Vilnius CBD where the bank is operating group back-office functions.
Over the next 6 years the EfTEN United Property Fund will additionally invest at least 6,3mio EUR to the EfTEN Real Estate Fund 5. As the investment is to the fund managed by the EfTEN Capital, the EfTEN United Property Fund does not charge a management fee on the investment.