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 price sensitive information
Unique data record identifier
7703
Submission date and time
13.01.2020 08:00:00
Content of announcement in Estonian
Title
EfTEN Real Estate Fund III AS omandab Riia lennujaamas asuva Air Balticu peahoone ja Riia külje all Kekavas asuva tootmis- ja laohoone
Message
10. jaanuaril 2020. a sõlmis EfTEN Real Estate Fund III AS võlaõiguslikud
ostulepingud Riia lennujaamas asuva Air Balticu peahoone ja Riia külje all
Kekavas asuva tootmis- ja laohoone omandamiseks. Tehinguga ostab fond New Hanza
Capital AS-lt, kahe alljärgneva ettevõtte, mis omavad fondi
investeerimispõhimõtetele vastavat kinnisvara, 100%-lised osalused:
1. NHC 1 SIA, mille osakapital on 500 000 eurot ja mis omab ärihoonet aadressil
Tehnikas 3, Riia lennujaam, Marupes'i rajoon, Läti Vabariik. Ettevõttele
kuuluv hoone paikneb Riia lennujaamale (VAS-le 'Starptautiska Lidosta
'Riga') kuuluval maal, mille osas kehtib hoonestusõigus. Hoone on valminud
1977. aastal ning täielikult renoveeritud 2016. aastal. Hoone kogu pindala
on 6 556,4 m² ja see on kuni 2026. aastani kestva katkestamatu üürilepingu
alusel tervikuna Air Balticu kontserni kasutuses. Kinnistul on 77
parkimiskohta.
2. NHC 3 SIA, mille osakapital on 700 000 eurot ja mis omab kinnistut aadressil
Krustkalni, Kekava vald, Kekava rajoon, Läti Vabariik. Kinnistul paiknev
tootmis- ja laohoone on valminud 2007. aastal. Hoone pindala on 14 129,9 m².
Kinnistul on 123 parkimiskohta. Hoone on 99% osas välja üüritud.
Tehingute kogumaksumus on ligikaudu 15,8 miljonit eurot, millest 7,2 miljonit
eurot finantseeritakse Swedbanki ja Luminori kaasabil. Arvestades EfTEN Real
Estate Fund III AS-i suurt investeerimata kapitali mahtu, otsustas juhtkond
kasutada tehingus kõrgemat omakapitalimäära kui seda tehtaks tavaolukorras. Kahe
projekti võimendamata neto sisenemistootlus on kokku 7,5% aastas. Arvestades
fikseeritud üüri indekseerimisi, tõuseb puhastootlus kolme aasta jooksul 8%
võrreldes projektide soetusmaksumusega. Tehingud on kavas lõpule viia hiljemalt
28. veebruariks 2020, kui asjaõigusliku lepingu sõlmimise eeltingimused on
täidetud.
NHC 1 SIA tehingu rahaline maht moodustab 5% fondi tänasest varade mahust ning
NHC 3 SIA tehingu rahaline maht moodustab 7% fondi tänasest varade mahust
ja omandamised ei ole käsitletavad olulise osaluse omandamistena Nasdaq Tallinna
Börsi reglemendi tähenduses. Tehingud ei ole ka käsitletavad tehingutena seotud
isikuga ning fondi nõukogu ja juhatuse liikmed ei ole tehingutest 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 III AS will acquire headquarters building of Air Baltic located in Riga Airport as well as production and storage facility located in Kekava near Riga
Message
On January 10, 2020, EfTEN Real Estate Fund III AS (the Fund) concluded
conditional purchase agreements to acquire headquarters building of Air Baltic
located in Riga Airport as well as production and storage facility located in
Kekava near Riga. With the transaction the Fund will purchase 100% holding in
the 2 following companies owning real estate corresponding to the investment
principles of the Fund from New Hanza Capital AS:
1. NHC 1 SIA with a share capital of EUR 500 000, owning commercial building
located at Tehnikas 3, Riga Airport, Marupes district, Republic of Latvia.
Building belonging to the company is located on the land, for which the
right of superficies exist, belonging to Riga Airport (VAS 'Starptautiska
Lidosta 'Riga''). The building was completed in 1977 and fully renovated in
2016. The total surface area of the building is 6 556.4 m² and it is wholly
occupied by Air Baltic group under the fixed term rent agreement valid until
2026. There are 77 parking places on the registered immovable.
2. NHC 3 SIA with a share capital of EUR 700 000, owning a registered immovable
located at Krustkalni, Kekava municipality, Kekava district, Republic of
Latvia. The production and storage facility located on the registered
immovable was completed in 2007. The surface area of the building is
14 129.9 m². There are 123 parking places on the registered immovable. 99%
of the building is rented out.
The total cost of the transactions is approximately EUR 15.8 million, of which EUR
7.2 million will be financed by Swedbank and Luminor. Taking into account the
large amount of uninvested capital of EfTEN Real Estate Fund III AS, the
management decided to use the higher equity ratio than usually. The total
unleveraged initial yield of the two projects is 7.5% annually. Considering the
indexing of fixed rental rate, net yield will increase by 8% over three years
compared to the acquisition price. The transactions should be completed after
the pre-conditions of agreements have been met, but not later than on February
28, 2020.
The monetary amount of the transaction with NHC 1 SIA will comprise 5% of the
current volume of assets of the Fund and the monetary amount of the transaction
with NHC 3 SIA will comprise 7% of the current volume of assets of the Fund and
the acquisitions do not constitute acquisition of a qualifying holding in the
meaning of the rules and regulations of Nasdaq Tallinn. The transactions also do
not constitute transactions with associated person and the members of the
Council and the Management Board of the Fund are not personally interested in
the transactions in any other ways.
Viljar Arakas
Member of the Management Board
Phone 655 9515
E-mail: [email protected]