Expansion Plans for Tartu Südamekodu Elderly Care Home
In an exciting development within the realm of elderly care, EfTEN Ermi OÜ, a dedicated subsidiary of EfTEN Real Estate Fund AS, has been making strides in constructing the highly anticipated second phase of the Tartu Südamekodu elderly care home. Located strategically on land designated for building rights, this facility is situated at the vibrant 13 Ermi Street in Tila Village. The first phase, which results in a well-equipped 120-bed care home, was successfully completed last year.
Growing Demand in Elderly Care Services
The community response has been overwhelmingly positive, with Tartu Südamekodu OÜ commencing its services to clients, delighting residents with quality care since the start of operations. Notably, the occupancy rate has surpassed initial projections, highlighting a robust demand for elderly care services. This encouraging development paves the way for the next stage of construction, needed to fully realize the facility’s potential.
Details of the Upcoming Construction Phase
With the commencement of the second construction phase, the facility will be able to comfortably accommodate an additional 60 clients. EfTEN Ermi OÜ has entered into a construction agreement with RIS Ehitus OÜ, the contractor who provided the most competitive offer during the bidding process. Notably, this tendering was done in close collaboration with Tartu Südamekodu OÜ, ensuring the construction aligns with the operational standards of the care home.
Timeline and Financial Aspects
Exciting progress is expected, with construction works set to begin this week. Anticipated completion for the second phase of construction is projected for July 2025. This enlargement of the facility not only enhances capacity but also promises an annual return on investment of approximately 8.1%, as per the lease agreement terms.
Innovative Energy Solutions
In an effort to further extend their commitment to sustainability, plans are also underway to incorporate a solar park atop the building. This innovative addition reflects a modern approach to energy efficiency in the elderly care sector.
Project Financial Overview
The total envisaged cost of this ambitious project is around 1.3 million euros, excluding VAT. This investment underlines the commitment by EfTEN Ermi OÜ in advancing the quality of elderly care in the region, ensuring that residents receive not just care but a sustainable and comfortable living environment.
Contact Information
For more details regarding this project, interested parties may contact Viljar Arakas, a member of the management board. He can be reached by phone at 655 9515 or via email at viljar.arakas@eften.ee.
Frequently Asked Questions
What is the purpose of the Tartu Südamekodu expansion?
The expansion aims to increase capacity, allowing for an additional 60 clients, responding to the high demand for elderly care services.
Who is responsible for the construction of the second phase?
EfTEN Ermi OÜ has contracted RIS Ehitus OÜ for the construction works, ensuring the project is executed to the highest standards.
When is the expected completion of the construction works?
The second phase of construction is anticipated to be completed by July 2025.
What innovative features are included in the project?
Plans are underway to add a solar park on the roof, supporting sustainability and energy efficiency for the facility.
How much is the total investment for the project?
The estimated total cost for the expansion project is approximately 1.3 million euros, plus VAT.
