EfTEN United Property Fund purchased shares of the EfTEN Kinnisvarafond
EfTEN United Property Fund purchased the shares of EfTEN Kinnisvarafond with latest NAV (2,686 per share) for 500k EUR. EfTEN Kinnisvarafond, established in 2009, is the first real estate fund as managed by the EfTEN Capital. The fund’s investment period finished in 2017. The portfolio of the EfTEN Kinnisvarafond consists of 18 commercial properties in Estonia, Latvia and Lithuania, NAV is 111mio EUR, expected NOI is 15,7mio EUR and LTV 45%. 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 to the EfTEN Kinnisvarafond.