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

7097

Submission date and time

06.02.2019 16:05:00

Content of announcement in Estonian

Title

EfTEN Real Estate Fund III AS-i tütarettevõtja omandas ABC kontserni Tallinnas asuva autoteeninduskeskuse kinnistud

Message

EfTEN Real Estate Fund III AS-i 100%-line tütarettevõtja EfTEN Kolmas OÜ omandas
täna  ABC  Vara  aktsiaseltsilt  alljärgnevalt  nimetatud neli kinnistut, millel
paikneb automüügi- ja teeninduskeskus koos parklatega:

            1) Tallinnas   Mustjõe   1 ja   Paldiski   mnt  105 1 asuv  kinnistu
(registriosa  nr 1976101, mis  koosneb kahest  katastriüksusest: katastritunnust
78406:601:6830, pindala    1247m²  ja   katastritunnus   78406:601:6840, pindala
4419m²);

            2) Tallinnas   Mustjuure   6 asuv  kinnistu  (registriosa  1976701,
katastritunnus 78406:601:4520, pindala 1795m²);

            3) Tallinnas   Mustjõe   3 asuvast   kinnistust   1/2 mõtteline  osa
(registriosa   3717201, katastritunnus   78406:601:4850, kinnistu  kogu  pindala
695m²);

           4) Tallinnas Paldiski  mnt 97 asuvast  kinnistust 1200/2694 mõtteline
osa  (registriosa 11149501, katastritunnus 78406:601:6750, kinnistu kogu pindala
2694m², millest kaasomanike kokkuleppe alusel on müüja ainukasutuses 1200m²).

Tehingu lõpule viimiseks andis eelnevalt oma heakskiidu Konkurentsiamet.

Kinnistute  käibemaksuta  hind  kokku  oli  kolm  miljonit  eurot.  Mustjõe 1 ja
Paldiski  mnt 105 kinnistu ning Mustjuure 6 kinnistu hinnale lisandus käibemaks.
Tehingu finantseerimiseks kaasati 60% osas laenukapitali, mille tagatiseks seati
laenuandja  AS-i LHV  Pank kasuks  kinnistutele hüpoteek summas 3 000 000 eurot.
Kinnistuid  jääb kasutama 10-aastase üürilepingu alusel, mida on õigus pikendada
kahel korral viieks aastaks, ABC kontserni kuuluv ABC MOTORS AS.




Viljar Arakas
juhatuse liige
Tel. 655 9515
E-post: [email protected]

Content of announcement in English

Title

Subsidiary of EfTEN Real Estate Fund III AS acquires ABC Group’s Tallinn-based car dealership properties

Message

Today,  EfTEN Kolmas OÜ, a wholly owned subsidiary of EfTEN Real Estate Fund III
AS,  acquired  from  the  public  limited  company  ABC  Vara the following four
registered  immovables, which are  the location of  a car dealership and service
centre along with parking areas:

           1) registered immovable  at Mustjõe  1 and Paldiski  mnt 105, Tallinn
(register  part no. 1976101, consisting  of two cadastral  units: cadastral code
78406:601:6830, area 1247 m², and cadastral code 78406:601:6840, area 4419 m²);

            2) registered  immovable  at  Mustjuure  6, Tallinn  (register  part
1976701, cadastral code 78406:601:4520, area 1795 m²);

           3) a legal  share of  ½ of  the registered  immovable at  Mustjõe 3,
Tallinn  (register  part  3717201, cadastral  code 78406:601:4850, total area of
immovable 695 m²);

           4) a legal share of 1200/2694 of the registered immovable at Paldiski
mnt  97, Tallinn (register  part 11149501, cadastral  code 78406:601:6750, total
area  of immovable 2694 m²,  of which 1200 m²  is in the  sole use of the seller
pursuant to an agreement between co-owners;

The Estonian Competition Authority previously gave its approval to completion of
the transaction.

The price of the immovables, not including value-added tax, was 3 million euros.
VAT  was added to the  price of the Mustjõe  1 / Paldiski mnt 105  immovable and
the  Mustjuure  6 immovable.  The  transaction  was financed 60% by loan capital
secured  by a mortgage of 3,000,000 euros  established on the immovables with AS
LHV  Bank as the beneficiary. The immovables will continue to be used by the ABC
Group-owned ABC MOTORS AS on the basis of a 10-year lease, which can be extended
twice for five years.




Viljar Arakas
member of the management board
Tel. 655 9515
Email: [email protected]