Skip to main content

Net asset value of the EfTEN United Property Fund as of 31.01.2024

Written by Customer Service on . Posted in Public Companies.

The net asset value (NAV) of EfTEN United Property Fund unit was 10.59 euros at the end of January, increasing by 0.2% over the month. If the fund’s investment in the EfTEN Real Estate Fund AS share is reflected on the basis of its net value, the NAV of EfTEN United Property Fund would be 10.70 euros.

In January, the fund’s development investment in Uus-Järveküla handed over 13 terraced houses to customers (real right contracts were concluded). In February, an application for a building permit was submitted for the second stage of construction works, where 16 semi-detached houses and 14 terraced houses will be built. Together with the 2nd stage infrastructure, the construction cost of the 2nd stage will be ca 1,800 euros per square meter.

In February, the fund invested 250 thousand euros in the EfTEN Residential Fund for the construction of 145 apartments building in Vilnius. The planned completion date of the rental house in Vilnius is summer 2024, and it will be the fund’s largest investment in a rental house. Kadaka rental house in Tallinn and Kaunas rental house, developed by the EfTEN Residential Fund, have a total of 210 apartments, of which only 3 were vacant at the end of January.

A more detailed overview of EfTEN United Property Fund’s portfolio can be found on the fund’s website: https://eftenunitedpropertyfund.ee/en/fund-results-2/

Kristjan Tamla
Managing Director
Phone 655 9515
E-mail: kristjan.tamla@eften.ee

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.