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
8826
Attachments
Submission date and time
20.05.2021 08:00:00
Content of announcement in Estonian
Title
Saules Miestas kaubanduskeskuse kinnistul restoranihoone valmimine ja KFC restorani avamine
Message
Täna, 20.05.2021 avatakse Saules Miestas kaubanduskeskuse kinnistul fondi Leedu tütarettevõtte UAB "Saules Miestas" poolt rajatud hoones KFC (Kentucky Fried Chicken) frantsiisi all tegutsev kiirtoidurestoran koos drive-in osaga. Tegemist on esimese uue KFC restoraniga Leedus. Hoone üürniku ?APL FRESH FOOD" UAB-ga on sõlmitud pikaajaline üürileping, tähtajaga 10+10 aastat. Üürnik alustab üüri tasumist alates restorani avamisest. Ehitustöödega alustamisest ja hoone osas üürilepingu sõlmimisest teatas fond varasemalt 03.12.2019 börsiteates. Valminud hoone kogupindala on 330 m². Projekti kogumaksumus oli 630 000 eurot, millele lisandub käibemaks ning oodatav tootlus 10%. Fond finantseeris ehitust tütarettevõtte äritegevuse rahavoost. Investeeringud refinantseeritakse käimasoleva emissiooni arvelt. Viljar Arakas juhatuse liige Tel. 655 9515 E-post: [email protected]
Content of announcement in English
Title
Completion of the construction works of the restaurant building on the property of Saules Miestas shopping center and opening of the KFC restaurant
Message
Today, 20.05.2021, a fast-food restaurant with a drive-in, operating under the KFC (Kentucky Fried Chicken) franchise will be opened. The new separate building was built by the fund's Lithuanian subsidiary UAB "Saules Miestas" on the existing property of Saules Miestas shopping center. This is the first new KFC restaurant in Lithuania. The tenant of the building, "APL FRESH FOOD" UAB, will use the building on the basis of a long-term lease agreement, with a term of 10 + 10 years. The tenant will start paying the rent from the opening of the restaurant. Earlier, 03.12.2019 the fund has informed via a stock exchange announcement about the starting construction works and the conclusion of a lease agreement. The total area of the restaurant building is 330 m². The total investment to the project is 630 000 euros, plus VAT and the expected yield 10%. The construction works was financed from the cash flow of the fund's subsidiary. The investments will be refinanced with the money raised during current issue. Viljar Arakas Member of the Management Board Phone: 655 9515 E-mail: [email protected] (mailto:[email protected])