Market announcement
EfTEN United Property Fund / EFTEN Capital AS
LEI code
984500E070A0V4E8CO64
Size of the entity
Small group
Economic activities
Financial and Insurance Activities
Industry sector(s)
Management company
Country of registered office
Estonia
General information
Categories
Management interim statement or quarterly financial report
Unique data record identifier
10571
Submission date and time
31.08.2023 08:25:32
Content of announcement in Estonian
Title
EfTEN United Property Fund osaku puhasväärtus seisuga 31.07.2023
Message
EfTEN United Property Fund osaku puhasväärtus (NAV) oli 31.07.2023 seisuga 10,61 eurot, jäädes eelneva kuuga samale tasemele. Alates fondi loomisest 2021.a juuni lõpus, on investeeritud kapitali tootlus 11%. Fondi omakapitalist on pea 30% investeerimata. Juba mitmendat kuud järjest kasvas fondi portfellis enim EfTEN Kinnisvarafond II AS-i puhasväärtus, mis tõusis juulis 0,8%. Selle fondi üks suuremaid investeeringuid Radisson Collection hotell Tallinnas saavutas juulis 84% täituvuse. Lisaks refinantseeris EfTEN Kinnisvarafond II AS Tallinnas Mustamäel asuva Magistrali kaubanduskeskuse pangalaenu, mille tulemusena alanes laenu intress 5,9%-lt 4,7%-le. Ainsana kahanes fondi portfellis EfTEN Real Estate Fund AS-i väärtus, mille aktsia sulgus Tallinna börsil juuli lõpus pea 2% võrra madalamal tasemel võrreldes eelmise kuuga. Juulis EfTEN United Property Fund uusi investeeringuid ei teinud. Detailsem EfTEN United Property Fund portfelli ülevaade on leitav fondi kodulehel: https://eftenunitedpropertyfund.ee/fondi-tulemused/ Kristjan Tamla Tegevjuht Tel: 655 9515 E-post: [email protected] (mailto:[email protected])
Content of announcement in English
Title
Net asset value of the EfTEN United Property Fund as of 31.07.2023
Message
The net asset value (NAV) of the EfTEN United Property Fund was 10.61 euros as of July 31, 2023, remaining unchanged as compared to the previous month. Since the start of the fund in late June 2021 the return on invested capital has been 11%. The fund has almost 30% of its capital as uninvested. For several months in a row, the value of EfTEN Kinnisvarafond II AS grew the most in the fund's portfolio, increasing by 0.8% in July. One of the largest investments of this fund, the Radisson Collection hotel in Tallinn, achieved 84% occupancy in July. In addition, EfTEN Kinnisvarafond II AS refinanced the bank loan of the Magistrali shopping centre in Tallinn Mustamäe district. As a result, the interest on loan decreased from 5.9% to 4.7%. The value of EfTEN Real Estate Fund AS was the only one to decrease in the fund portfolio - the share price of the EfTEN Real Estate Fund AS closed at the Tallinn Stock Exchange at almost 2% lower level at the end of July as compared to the previous month. In July, EfTEN United Property Fund made no new investments. A more detailed overview of EfTEN United Property Fund's portfolio can be found on the fund's website: https://eftenunitedpropertyfund.ee/en/fund-results-2/ Kristjan Tamla Managing Director Phone 655 9515 E-mail: [email protected] (mailto:[email protected])