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
8464
Submission date and time
18.12.2020 08:30:00
Content of announcement in Estonian
Title
EfTEN Real Estate Fund III AS-i tütarettevõtja omandas Tallinnas asuva Pirita pansionaadi kinnistu
Message
EfTEN Real Estate Fund III AS-i 100%-line tütarettevõtja EfTEN Pirita OÜ (endine ärinimi EfTEN SPV19 OÜ) viis lõpule OÜ-lt Arca Varahaldus Tallinnas Hunditubaka tee 12 / Karukella tee 5 asuva kinnistu (registriosa nr 8521701), millel asub 2020. aasta lõpuks valmiv pansionaadihoone, omandamise tehingu. Varasemalt (s.o 23.11.2020) on ettevõte teatanud börsile võlaõigusliku müügilepingu sõlmimisest, milles kokkulepitud omandi üleandmise ja asjaõiguslepingu sõlmimise eeldused on täidetud, sh on tehingu lõpule viimiseks andnud oma heakskiidu Konkurentsiamet. Kinnistu käibemaksuta hind oli 6,2 miljonit eurot. Tehingu finantseerimiseks kaasas fondi emaettevõte laenu summas 3 100 000 eurot ning EfTEN Pirita OÜ summas 3 100 000 eurot. EfTEN Pirita OÜ laenu tagatiseks seati laenuandja AS-i Swedbank kasuks kinnistule hüpoteek summas 4 030 000 eurot ning fondi garantii summas 3 100 000 eurot. Kinnistut jääb üürima ja sellel asuvat Pirita pansionaati opereerima Pirita Kodu OÜ, kes on alustanud tubade eelbroneerimist. Üürnik alustab üüri tasumist alates 1. aprillist 2021 ning käivitusperioodil suureneb üür järk-järgult, saavutades täismahu alates 1. jaanuarist 2022. 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 acquired a registered immovable of Pirita Pansionaat in Tallinn
Message
EfTEN Pirita OÜ (former business name EfTEN SPV19 OÜ), a 100% subsidiary of EfTEN Real Estate Fund III AS, completed the registered immovable acquisition from Arca Varahaldus OÜ, located at OÜ Hunditubaka tee 12 / Karukella tee 5 in Tallinn (registration part no. 8521701). There is an aged care home on the registered immovable, which will be completed by the end of 2020. Earlier (i.e. 23.11.2020), the company has notified the stock exchange of the conclusion of a contract of sale under the law of obligations. All the agreed preconditions for transfer of ownership and conclusion of a real right contract have been met, including the Competition Authority's approval. The price of the transaction without VAT was 6.2 million euros. To finance the transaction, the parent company took a loan in the amount of 3.1 million euros and EfTEN Pirita OÜ in the amount of 3.1 million euros. The loan of EfTEN Pirita OÜ is secured by a mortgage in the amount of 4,030,000 euros and a guarantee of the fund in the amount of 3,100,000 euros in favor of the lender AS Swedbank. The property is rented and the Pirita Pansionaat is operated by Pirita Kodu OÜ, which has started pre-booking the rooms. The tenant will start paying the rent from 1 April 2021, and during the launch period, the rent will gradually increase, reaching full amount as of 1 January 2022. Viljar Arakas Member of the Management Board Tel. 655 9515 Email: [email protected]