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
7525
Submission date and time
15.10.2019 15:49:24
Content of announcement in Estonian
Title
Tähesaju kaubanduspargis Hortese aianduskeskuse avamine
Message
EfTEN Real Estate Fund III AS-i tütarettevõtja EfTEN Tähesaju tee OÜ omandas Tallinnas Lasnama?el Ta?hesaju kaubanduspargis aadressil Tähesaju 5 asuva kinnistu eesmärgiga rajada kinnistule Hortese aianduskeskus. Ehitaja (Mitt & Perlebach OÜ) andis aianduskeskuse ehitustööd üle 03. oktoobril 2019. Investeeringu kogumaksumus on 5,477 miljonit eurot. Finantseerimisel sõlmiti Swedbank AS-ga laenuleping limiidiga 3,29 miljonit eurot, intressimääraga 1 kuu euribor + 1,950% aastas. Panga finantseering moodustab 60% investeeringust. Aianduskeskuse üürnikuks on AS Hortes, kelle kasutusse jääb kogu hoone ja kes avab keskuse 02. novembril 2019. Üüri tasumise arvestus algab 01. detsembril 2019. Üürilepingu järgne investeeringu puhastootlus ilma panga võimenduseta on keskuse valmimise järgselt 8,5% aastas. Viljar Arakas juhatuse liige Tel. 655 9515 E-post: [email protected]
Content of announcement in English
Title
Opening of the Hortes Gardening Centre in Tähesaju commercial district
Message
EfTEN Tähesaju tee OÜ, an 100% subsidiary of EfTEN Real Estate Fund III AS, acquired a registered immovable located at Tähesaju 5, Tähesaju commercial area in Lasnamäe, Tallinn for the purpose to construction of Hortes Gardening Centre. The construction company (Mitt & Perlebach OÜ) has completed construction works of the building, and handed them over on October 03, 2019. The total of the investment is EUR 5.477 million. The project was financed by loan capital with a limit of EUR 3.29 million, at an interest rate of 1 month Euribor + 1.950% per annum. Up to 60% of the loan capital has been used to finance the investment. The single tenant of the gardening center is AS Hortes occupying the entire building. The new Hortes Gardening Centre will be opened on November 02, 2019. The rent payments will start on December 1, 2019. According to the lease agreement signed with Swedbank AS the net yield of the investment, without bank leverage, is 8,5% per annum after the center has been completed. Viljar Arakas Member of the Management Board Phone 655 9515 E-mail: [email protected]