EfTEN United Property Fund's Growth and Investments
Understanding the Net Asset Value of EfTEN United Property Fund
The net asset value (NAV) of the EfTEN United Property Fund unit reached 10.65 euros at the end of July, representing a modest increase of 0.2% for the month. In terms of its investment performance, if the value from the EfTEN Real Estate Fund AS shares is included based on net value, the NAV would be adjusted to 10.75 euros, indicating an increase of 0.4%.
Highlights of Uus-Järveküla Residential Development
A significant milestone for the fund is the ongoing development in the Uus-Järveküla residential area. Recently, a construction contract was finalized for the third stage of this project, which entails building 17 new terraced houses. The completion of this phase is anticipated to coincide with the summer of 2025, and the estimated construction cost is around 1,500 euros (excluding VAT) per marketable square meter. This new phase will contribute to more than 80% completion of the total planned development in Uus-Järveküla.
Impact of New Investments
In a notable move at the end of August, EfTEN United Property Fund made a significant investment—nearly 4.8 million euros—into the EfTEN Real Estate Fund 5. This particular fund has recently acquired the UNA shopping park, a comprehensive retail property covering over 16,000 square meters located in Vilnius. Following this acquisition, approximately 90% of the EfTEN United Property Fund's total assets are now invested in various properties.
Monthly Financial Factsheet
As the EfTEN United Property Fund approaches full investment status, the fund has decided to release monthly financial statements. This initiative ensures transparency and provides investors with up-to-date information regarding their investment portfolio.
Exploring the Fund's Portfolio
If you're interested in diving deeper into the details of the EfTEN United Property Fund's holdings and performance metrics, further information is available on the fund's official website. This data will offer a comprehensive overview of the various properties and investments, enhancing your understanding of the fund's market position.
Contact Information
For any inquiries, you can reach out directly to Kristjan Tamla, the Managing Director of the fund. He is available at phone number 655 9515 or via email at kristjan.tamla@eften.ee. He is ready to assist you with any questions regarding the fund's performance and investment strategies.
Frequently Asked Questions
What is the current NAV of the EfTEN United Property Fund?
The current net asset value of the EfTEN United Property Fund is 10.65 euros, which slightly increased by 0.2% recently.
What recent investment has the EfTEN United Property Fund made?
The fund made its largest investment to date, amounting to nearly 4.8 million euros, into the EfTEN Real Estate Fund 5, which recently acquired the UNA shopping park.
When is the third phase of the Uus-Järveküla residential area expected to complete?
The completion of the third phase is planned for the summer of 2025, contributing significantly to the overall development of the area.
How much of the EfTEN United Property Fund's assets are now invested?
Around 90% of the fund's total assets are currently invested across various properties, showcasing its commitment to portfolio growth.
How can I find more information about the EfTEN United Property Fund's portfolio?
Additional details about the fund's portfolio can be found on its official website, providing investors with comprehensive insights and updates.
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