Day: January 20, 2025
Comment by EfTEN Capital managing director Kristjan Tamla
The Baltic real estate market showed the first signs of recovery in 2024. Several commercial real estate owners adjusted their selling price expectations downwards. In addition, the accelerated decline in EURIBOR in the second half of the year began to reduce the borrowing costs of property owners and increased transaction activity in the residential real estate market. This created good opportunities for the EfTEN United Property Fund to invest the uninvested capital.
In August, the UNA retail park in Vilnius was added to the fund’s portfolio, and in December, as part of the largest commercial real estate transaction in the Baltics last year, the Kristiine shopping center in Tallinn was invested in. This means that by the end of 2024 the fund is fully invested, and the coming...