Market announcement
EfTEN Real Estate Fund AS
LEI code
4851000008JBI71L7643
Size of the entity
Medium group
Economic activities
Financial and Insurance Activities
Industry sector(s)
Management company
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
18677
Submission date and time
01.06.2026 12:37:07
Content of announcement in Estonian
Title
EfTEN Real Estate Fund AS omandas Magistrali kaubanduskeskuse
Message
EfTEN Real Estate Fund AS omandas EfTEN Kinnisvarafond II AS-ilt Magistrali kaubanduskeskuse. Seoses EfTEN Kinnisvarafond II AS-i tähtaja saabumisega, müüs EfTEN Kinnisvarafond II AS Magistral Kaubanduskeskuse OÜ 100% osa EfTEN Real Estate Fund AS-le. Vara omandamine sama fondivalitseja teiselt fondilt toimus kooskõlas investeerimisfondide seaduses toodud tingimustega ja sellele on fondi aktsionärid eelnevalt, 07.04.2026 üldkoosolekul, andnud juhatusele vastavad volitused. Ettevõtte osa müügihinna õiglase väärtuse määramise aluseks oli ettevõttele kuulva kinnisvara väärtus 31 690 000 eurot, mis on hinnatud mai lõpu seisuga Colliers International Advisors OÜ poolt. Osa müügihinna kinnitasid fondide nõukogud ning vara omandamise sisenemistootlus on ligikaudu 8,1%. Magistrali kaubanduskeskus on suuruselt kolmas üksikinvesteering EfTEN Real Estate Fund AS portfellis Saules Miestase ning Mustika kaubanduskeskuste järel. Magistrali kaubanduskeskuse omandamise läbi suureneb fondi kinnisvarainvesteeringute portfell 8% võrra, ületades 400 miljoni euro piiri, ning fondi puhas aastane üüritulu kasvab ligikaudu 2,5 miljoni euro võrra. Magistral Kaubanduskeskuse OÜ majandustegevuse sisuks on Tallinnas, Mustamäe linnaosas asuva Magistrali kaubanduskeskuse majandamine. Keskus asub tiheda elamupiirkonna keskel ja on tugeva positsiooniga kogukondlik teenindaja. Keskus avati 2000. aastal ning seda laiendati 2012. aastal. Käesoleval ajal on 98,5% üüripindadest välja üüritud ning keskuses tegutseb 72 üürnikku. Magistral Kaubanduskeskuse OÜ (registrikood 11228717) on Eesti Vabariigis asutatud osaühing, mille juhatuse liikmed on Viljar Arakas ja Tõnu Uustalu. Tehingu käigus juhatuses muudatusi ei toimunud. Osaühingul ei ole nõukogu. Osaühingu omandamine ei ole käsitletav olulise osaluse omandamisena Tallinna Börsi reglemendi tähenduses. Fondi nõukogu ja juhatuse liikmed ei ole tehingust muul viisil isiklikult huvitatud. Viljar Arakas juhatuse liige Tel. 655 9515 E-post: [email protected]
Content of announcement in English
Title
EfTEN Real Estate Fund AS acquired the Magistral shopping center
Message
EfTEN Real Estate Fund AS acquired the Magistral shopping center from EfTEN Kinnisvarafond II AS. In connection with the expiration of the term of EfTEN Kinnisvarafond II AS, EfTEN Kinnisvarafond II AS sold the 100% holding in Magistral Kaubanduskeskuse OÜ to EfTEN Real Estate Fund AS. The acquisition of the asset from another fund managed by the same fund manager was carried out in accordance with the conditions set out in the Investment Funds Act, and the fund's shareholders had previously granted the management board the corresponding authorisations at the general meeting held on 07.04.2026. The basis for determining the fair value of the sale price of the company's holding was the value of the real estate owned by the company at EUR31,690,000, as valued as of the end of May by Colliers International Advisors OÜ. The sale price of the holding was confirmed by the supervisory boards of both funds, and the entry yield of the asset acquisition is approximately 8.1%. The Magistral shopping center is the third-largest single investment in the EfTEN Real Estate Fund AS portfolio, after the Saules Miestas and Mustika shopping centers. Through the acquisition of the Magistral shopping center, the fund's real estate investment portfolio increase by 8%, exceeding the EUR400 million threshold, and the annual net rental income increases by approximately EUR2.5 million. The business activity of Magistral Kaubanduskeskuse OÜ consists of operating the Magistral shopping center, located in the Mustamäe district of Tallinn. The centre is situated in the middle of a densely populated residential area and holds a strong position as a community service provider. The center was opened in 2000 and was expanded in 2012. Currently, 98.5% of the leasable area is rented out, and 72 tenants operate in the center. Magistral Kaubanduskeskuse OÜ (registry code 11228717) is a private limited company established in the Republic of Estonia, whose management board members are Viljar Arakas and Tõnu Uustalu. No changes to the management board took place in the course of the transaction. The private limited company has no supervisory board. The acquisition of the private limited company is not considered as the acquisition of a significant holding within the meaning of the Tallinn Stock Exchange Rules. The members of the fund's supervisory board and management board have no personal interests in the transaction. Viljar Arakas Member of the Management Board Tel. 655 9515 E-post: [email protected]