Market announcement

EfTEN United Property Fund / EFTEN Capital AS

Category

Management interim statement or quarterly financial report

Date

23.02.2024 08:30:00

Title

EfTEN United Property Fund osaku puhasväärtus seisuga 31.01.2024

Message

EfTEN  United Property Fund  osaku puhasväärtus (NAV)  oli jaanuari lõpus 10,59
eurot, kasvades kuuga 0,2%. Kui fondi investeeringut EfTEN Real Estate Fund AS-i
aktsiatesse  kajastada selle  puhasväärtuse alusel,  oleks EfTEN United Property
Fund NAV 10,70 eurot.

Jaanuaris   anti  fondi  arendusinvesteeringus  Uus-Järvekülas  klientidele  üle
(sõlmiti  asjaõiguslepingud) 13 ridamaja boksi.  Veebruaris anti sisse ehitusloa
taotlus  teise etapi ehitustöödeks, mille raames ehitatakse 16 paarismaja ja 14
ridamaja   boksi.   Koos  teise  etapi  infrastruktuuri  töödega  kujuneb  etapi
valmimishinnaks ca 1 800 eurot ruutmeetri kohta.

Veebruaris investeeris fond 250 tuhat eurot usaldusfondi EfTEN Residential Fund,
mis   suunati  145 korteriga  üürimaja  ehitusse  Vilniuses.  Vilniuse  üürimaja
planeeritav  valmimistähtaeg on eeloleval  suvel ning sellest  saab fondi suurim
üürimaja  investeering.  EfTEN  Residential  Fund'i  varasemalt arendatud Kadaka
üürimajas  Tallinnas  ja  Kaunase  üürimajas  on kokku 210 üürikorterit, millest
jaanuari lõpus oli välja üürimata vaid 3 korterit.

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 31.01.2024

Message

The  net asset value (NAV) of EfTEN United Property Fund unit was 10.59 euros at
the  end of January, increasing by 0.2% over the month. If the fund's investment
in  the EfTEN Real  Estate Fund AS  share is reflected  on the basis  of its net
value, the NAV of EfTEN United Property Fund would be 10.70 euros.

In  January, the fund's development investment  in Uus-Järveküla handed over 13
terraced houses to customers (real right contracts were concluded). In February,
an  application for  a building  permit was  submitted for  the second  stage of
construction works, where 16 semi-detached houses and 14 terraced houses will be
built.  Together with the  2(nd) stage infrastructure, the  construction cost of
the 2(nd) stage will be ca 1,800 euros per square meter.

In  February, the fund invested 250 thousand euros in the EfTEN Residential Fund
for  the  construction  of  145 apartments  building  in  Vilnius.  The  planned
completion  date of the rental  house in Vilnius is  summer 2024, and it will be
the  fund's largest investment in a rental house. Kadaka rental house in Tallinn
and  Kaunas rental house, developed by the  EfTEN Residential Fund, have a total
of 210 apartments, of which only 3 were vacant at the end of January.

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)