EfTEN Paemurru OÜ Expands with New ICONFIT Facility Construction
New Facility Construction by EfTEN Paemurru OÜ
In a significant move towards enhancing its operational capabilities, EfTEN Paemurru OÜ has secured a contract to acquire property for the construction of the ICONFIT production and warehouse facility. Located strategically in the area of Laabi village, this project is set to reshape the landscape of healthy food manufacturing.
Investment and Funding Details
The acquisition involves a total investment of 5.9 million euros, excluding VAT. EfTEN Real Estate Fund AS aims to finance this project through its own equity, supplemented by a loan agreement with AS SEB Pank. This financial structure indicates a robust commitment by the fund to expand its portfolio and enhance growth within the industry.
Collaboration with Eventus Ehitus OÜ
Partnering with Eventus Ehitus OÜ, the construction on the property began in mid-2024 and is slated for completion by late April 2025. This collaboration marks an important step in fulfilling the growing demand for high-quality dietary products across the Baltic region, emphasizing OÜ's dedication to delivering cutting-edge facilities for its tenants.
Future of ICONFIT in the New Location
Upon completion of the new facility, ICONFIT, a prominent name in the sports and healthy food sector, will occupy the entire building under a long-term lease agreement lasting 10 years. This arrangement ensures a stable and continuous operation for ICONFIT, allowing it to further innovate and meet market demands effectively.
EfTEN Paemurru OÜ Overview
As a wholly owned subsidiary of EfTEN Real Estate Fund AS, EfTEN Paemurru OÜ plays a crucial role in the real estate sector in Estonia. With a modest share capital of 2,500 euros, the company is managed by Viljar Arakas and Tõnu Uustalu, who lead its strategy and execution. The absence of a supervisory board suggests a streamlined approach to management and decision-making.
Significance of the Transaction
This acquisition and construction project is aligned with EfTEN’s broader strategy of enhancing its real estate investments. Although this subsidiary establishment does not qualify as a significant share acquisition under the Tallinn Stock Exchange regulations, it showcases EfTEN’s proactive approach to developing valuable property assets.
Contacting EfTEN for More Information
For inquiries regarding this project or other operations managed by EfTEN, Viljar Arakas can be reached directly at phone number 655 9515 or via email. Maintaining open lines of communication enhances transparency and fosters relationships with stakeholders.
Frequently Asked Questions
What is the purpose of the new ICONFIT facility?
The new facility will serve as a production and warehouse space for ICONFIT, allowing them to expand their operations in the health food sector.
When is the completion date for the facility?
The construction of the facility is expected to be completed by the end of April 2025.
Who is financing the new construction?
The construction project is financed by EfTEN's equity and a loan agreement with AS SEB Pank.
What will happen to ICONFIT after the facility is built?
ICONFIT will lease the entire building for ten years, ensuring continuity in their operations.
Is EfTEN Paemurru OÜ a standalone company?
No, it is a 100% subsidiary of EfTEN Real Estate Fund AS, working within the framework of this larger organization.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Porsche Automobil Faces Challenges with Recent Stifel Downgrade
- Kalmar Expands Partnership with Super Terminais for Equipment Supply
- Nokia Partners with NIC.br to Enhance Internet Connectivity
- Revolutionizing Cloud Performance with AMD Collaboration
- ZEROUM Inc. Launches New Subsidiary to Boost Asian Market
- Doer Biologics Advances DR10624 with Phase 2 Patient Dosing
- Revolutionizing Edge AI: The New Raspberry Pi Camera Launch
- UBS Boosts Brookfield Renewable with Buy Rating Amid Growth
- Immunovia AB Expands Share Structure Amidst Growth Plans
- Federal Bank's Stock Shows Promise with New Leadership
Recent Articles
- BioSenic's 2024 Mid-Year Review: Progress and Developments
- Leadership Transition at Central Bank of Savings Banks Finland
- Leadership Transition at SP Mortgage Bank: Karri Alameri Exits
- FlowFest’24: Exploring Automation and AI Innovations
- Build-A-Bear Unveils Spooky Surprises for Halloween Season
- Matrixport's Strategic Acquisition Enhances Crypto Asset Management
- Regor Pharmaceuticals and Genentech Collaborate on Breast Cancer Treatment
- C-Crete Technologies Launches Innovative Granite Concrete
- FLIR Launches Innovative TrafiBot Dual AI for Traffic Safety
- Kao Corporation Collaborates with C.P. Group for Sustainability
- C-Crete Technologies Introduces Groundbreaking Granite Concrete
- Market Insights: Global Trends and Economic Developments
- Bank of Korea Governor Addresses Household Debt Discussions
- Bitcoin Approaches $70K; Shiba Inu Aims for $0.00002 Mark
- Affordable Veterinary Care: How Dial A Vet Eases Financial Stress
- Exploring the Future of India's Luxury Beauty Market
- Beyoncé Joins Levi’s® for a Bold New Global Campaign
- FTX Token Surprises Analysts with Unexpected Price Surge
- Fujitsu Unveils Takane: The Leading Japanese AI Solution
- China's Tech Evolution: From Follower to Global Innovator
- Thailand's Pension Fund Sets $11.6 Billion for Global Ventures
- Discover MetaVirus (MVT): A Game-Changer in Gaming Culture
- Impact of Middle East Tensions on Oil Prices Today
- Hilton's 2025 Report: Maximizing Travel for Adventurous Souls
- How Travelers Will Embrace Adventure and Relaxation in 2025
- Hilton's Travel Insights Predict a Thriving Adventure in 2025
- Purchasing Power Grows for Middle-Income Families by Primerica
- Defiance ETFs Reveals Monthly Distributions for September
- Transforming Event Experiences with Momentus Technologies
- Chubb Survey Reveals Cyber Scams Altering Payment Trust
- Momentus Technologies Partners with DWTC for Event Excellence
- Investigation Launched into SIGA Technologies for Securities Violations
- Investing in Cybersecurity: Palo Alto and Fortinet Insights
- Investors of lululemon Consider Legal Counsel Before Deadline
- Supply Chain Disruptions: What a New Strike Means for the US Economy
- Hyundai Motor Celebrates Production of 100 Million Vehicles
- Moderna, Inc. Investors and Legal Opportunities Explained
- Exploring the Future of Roku: A Path to Recovery
- Faraday Future Partners for the Inaugural Hanlin Cup Golf Classic
- Mark Zuckerberg's Vision for Orion AR Glasses to Revolutionize Tech
- Tongji University Forum Aims for Sustainable Development
- Nio Inc. Secures $1.9 Billion Boost from Shareholders
- Exciting Development: OKX Welcomes PENDLE to Trading Platform
- Investors Encouraged to Seek Counsel in New Fortress Case
- El Salvador Is Showcasing Bitcoin Prices in Daily Life
- Payfare Launches Strategic Review to Boost Growth Potential
- Chinese Tourists Embrace Budget Travel During Golden Week
- Orthofix Medical Inc. Class Action: Key Details for Investors
- Payfare's Strategic Review: Enhancing Value for Shareholders
- vivo Launches Funtouch OS 15 with Exciting Features