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
7615
Submission date and time
03.12.2019 08:30:00
Content of announcement in Estonian
Title
EfTEN Real Estate Fund III AS-i Leedu tütarettevõte sõlmis üürilepingu KFC restorani avamiseks
Message
EfTEN Real Estate Fund III AS-i tütarettevõte UAB "Saules Miestas" sõlmis maailmas suuruselt teise kiirtoidurestoranide keti KFC (Kentucky Fried Chicken) frantsiisi alusel tegutseva ?APL FRESH FOOD" UAB-ga pikaajalise üürilepingu, tähtajaga 10+10 aastat. ?APL FRESH FOOD" UAB kuulub Apollo kontserni. UAB "Saules Miestas" ehitab olemasolevale kinnistule aadressil Gumbin?s 4, Shiauliai, Leedu Vabariik, eraldiseisva uue hoone, pindalaga ca 350 m², mis antakse tervikuna üürile KFC-le. Ehitustegevusega on plaanis alustada järgmise aasta juunis/juulis ning lõpetamine on kavandatud 2021. aasta teise kvartalisse. Projekti maksumus on 600 tuhat eurot, lisandub käibemaks. Investeeringu puhastootlus ilma võimenduseta on hoone valmimise järgselt 10% aastas. Viljar Arakas juhatuse liige Tel. 655 9515 E-post: [email protected]
Content of announcement in English
Title
EfTEN Real Estate Fund III AS’ Lithuanian subsidiary signed a lease agreement to open KFC restaurant
Message
UAB "Saules Miestas", a subsidiary of EfTEN Real Estate Fund III AS, entered into a long term lease with ?APL FRESH FOOD" UAB, operating on a franchise basis of KFC (Kentucky Fried Chicken), the world's second-largest restaurant chain, for a term of 10 + 10 years. "APL FRESH FOOD" UAB is a member of the Apollo Group. UAB "Saules Miestas" will build a separate new building on the existing property at Gumbin?s 4, Shiauliai, Lithuania, approx. 350 sq.m, which will be leased exclusively by ?APL FRESH FOOD" UAB. The total investment to the project is 600 thousand euros, plus VAT. The net yield of the investment, without bank leverage, is 10% per annum after the building has been completed. Viljar Arakas Member of the Management Board Phone: 655 9515 E-mail: [email protected]