Market announcement
EfTEN United Property Fund / EFTEN Capital AS
Category
Management interim statement or quarterly financial report
Date
31.10.2023 08:05:00
Title
EfTEN United Property Fund osaku puhasväärtus seisuga 30.09.2023
Message
EfTEN United Property Fund osaku puhasväärtus (NAV) oli septembri lõpus 10,61 eurot, kasvades kuuga 1,1% ning taastudes täis ulatuses augusti langusest. NAVi hüppeline tõus oli seotud investeeringuga börsil noteeritud fondi EfTEN Real Estate Fund AS, mille aktsia sulgus Tallinna väärtpaberiturul septembris pea 5% võrra kõrgemal tasemel kui kuu tagasi. Kui fondi investeeringut EfTEN Real Estate Fund AS-i aktsiasse kajastada selle puhasväärtuse alusel, oleks EfTEN United Property Fund'i NAV kasvanud septembris 0,5% ja augustis 0,4% võrra. Fondi arendusinvesteeringus Uus-Järveküla elurajoonis on jätkuvalt klientide huvi paarismajade vastu. Oktoobri lõpu seisuga on elurajooni planeeritavast 16st paarismajast broneerimata veel vaid 4 maja. Paarismajad on planeeritud valmima elurajooni arenduse teises etapis järgmise aasta viimastel kuudel. Arenduse esimese etapi 86 ridaelamut on tänase seisuga ehituse lõppjärgus ning valmivad käesoleva aasta lõpus ja 2024. aasta alguses. Mõlema etapi ehitusperiood jääb aega, kus Eesti ehitusturul valitseb madalseis ning arendajal on varasemate aastatega võrreldes paremad tingimused ehituslepingu läbirääkimisteks. Detailsem EfTEN United Property Fund portfelli ülevaade on leitav fondi kodulehel: https://eftenunitedpropertyfund.ee/fondi-tulemused/ Kristjan Tamla Tegevjuht Tel: 655 9515 E-post: kristjan.tamla@eften.ee (mailto:kristjan.tamla@eften.ee)
Title
Net asset value of the EfTEN United Property Fund as of 30.09.2023
Message
The net asset value (NAV) of EfTEN United Property Fund was 10.61 euros as of September 30, 2023 increasing by 1.1% over the month and recovering fully the August fall. The increase in NAV was related to the investment into the listed EfTEN Real Estate Fund AS, which shares closed almost 5% higher on the Nasdaq Tallinn stock exchange in September. If the fund's investment in the EfTEN Real Estate Fund AS shares is valued on the NAV basis, the NAV of EfTEN United Property Fund would have increased by 0.5% and 0.4% in September and August, respectively. In the fund's residential development investment at Uus-Järveküla, client interest in semi-detached houses remains high. As of the end of October, only 4 of the planned 16 semi-detached houses in the residential area are still unreserved. The semi-detached houses are planned to be completed in the second phase of the residential area development during the last months of next year. As of today, the 86 terraced houses of the first stage of the development are in the final phase of construction and will be completed at the end of this year and the beginning of 2024. The construction of both stages falls at a period when the Estonian construction market is in decline and developers are in a better position to negotiate the construction contract as compared to the previous years. 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: kristjan.tamla@eften.ee (mailto:kristjan.tamla@eften.ee)