Market announcement
Baltic Horizon Fund / Northern Horizon Capital AS
LEI code
5299008IKT93E4SA0G49
Size of the entity
Small undertaking
Economic activities
Financial and Insurance Activities
Industry sector(s)
Management company
Country of registered office
Estonia
General information
Categories
Notifications of major holdings
Unique data record identifier
16709
Submission date and time
19.11.2024 14:36:19
Content of announcement in Estonian
Title
EfTEN United Property Fund investeerib 2,5 miljonit eurot usaldusfondi EfTEN Real Estate Fund 5
Message
EfTEN United Property Fund investeerib 2,5 miljonit eurot (ca 9% fondi mahust) kutselistele investoritele suunatud usaldusfondi EfTEN Real Estate Fund 5. Viimane omandab Kristiine kaubanduskeskuse Tallinnas. Kristiine kaubanduskeskus on Eesti üks tuntumaid kaubanduskeskusi, mille kahel korrusel on 45?300 ruutmeetrit üüritavat pinda. Aastal 1999 avatud keskus läbis 2019. aastal uuenduskuuri. Kristiine kaubanduskeskuses tegutseb ligi 120 kaubandus- ja teenindusasutust ning söögikohta. Keskuse ankurrentnikud on Prisma, H&M, Sportland, Reserved, Rademar, Apollo, O'Learys, New Yorker ning Jysk. Tehing on kavas lõpule viia enne 2024. aasta lõppu ning selle eelduseks on Konkurentsiameti heakskiit. Tehingu järgselt on EfTEN United Property Fund'i portfell sisuliselt täies mahus investeeritud. Kuna EfTEN United Property Fund'i seisukohalt on usaldusfondi EfTEN Real Estate Fund 5 investeerimise näol tegemist investeeringuga EfTEN Capital AS-i poolt valitsetavasse teise fondi, siis kooskõlas EfTEN United Property Fund tingimustega, fond investeeringu pealt valitsemistasu ei võta. Kristjan Tamla Tegevjuht Tel: 655 9515 E-post: [email protected] (mailto:[email protected])
Content of announcement in English
Title
EfTEN United Property Fund invests 2.5 million euros in the EfTEN Real Estate Fund 5
Message
EfTEN United Property Fund invests 2.5 million euros (ca 9% of fund AUM) in EfTEN Real Estate Fund 5 aimed at institutional investors. The latter acquires Kristiine shopping centre in Tallinn. Kristiine keskus is one of the best-known shopping centers in Estonia, with 45,300 square meters of leasable area on two floors. Opened in 1999, the center underwent renovation in 2019. Around 120 trade and service tenants and eateries operate in the Kristiine center. The center's anchor tenants are Prisma, H&M, Sportland, Reserved, Rademar, Apollo, O'Learys, New Yorker and Jysk. The transaction is expected to be completed before the 2024 year-end and is dependent on a positive decision from the Competition Authority. After the transaction the EfTEN United Property Fund is basically fully invested. As the investment is to another fund managed by the EfTEN Capital AS, the EfTEN United Property Fund does not charge a management fee on the investment in line with its fund terms and conditions. Kristjan Tamla Managing Director Phone 655 9515 E-mail: [email protected] (mailto:[email protected])