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Bonava is commencing production of a new project consisting of 101 housing units in Vilnius. In parallel, production has started on the second and final phase of the Pikaliiva Kaarmaja neighbourhood in Tallinn, consisting of 81 housing units, and the Blūmendāles Majas project in Riga, consisting of 58 housing units.
East Capital Real Estate fund IV has acquired the J13 logistics park just outside Tallinn. The fully leased park consists of 40,000 square metres of logistics and light industrial premises and is one of the largest in Estonia. This marks the 10th and final transaction of the €350 million fund which is now fully invested.
EfTEN Capital AS has launched a new fund for institutional investors. The Eften Special Opportunities Fund invests in real estate projects that require additional financing to continue their operations. The fund has an initial equity of €25.4 million, which can be increased to a maximum of €75 million within six months. The f...
East Capital Real Estate is developing the largest logistics and light industry park in Estonia. Future East Capital Park Rae – a 140,000-square-metre logistics and light industry centre – will be located on a 30-hectare land plot next to Tallinn. Construction has already started.
After success in Lithuania, Aktiva Finance Group's financial platform Perfi has officially expanded to Estonia. Introduced at the Impact Day 2023 conference, Perfi gives both individuals and companies a comprehensive overview of their monthly financial obligations and combines invoices from different service providers into on...
This autumn Eften will establish a new fund aimed at institutional investors, with the objective to fill the financing gap that is emerging in the Baltic commercial real estate market. The fund will finance real estate projects that require additional capital. Financing will be provided both with debt and equity.
The difficult market situation is reflected in Bonava's business figures. Instead of the planned 940 residential units in 2022, the developer has only sold 700 units.
As of 1 May 2023, Kristjan Tamla, current head of the company's retail division, will become a new Member of the Management Board and Managing Director of EfTEN Capital. Viljar Arakas will continue as Chairman of the Board and Fund Manager.
East Capital Real Estate has entered into an agreement with the Maxima store chain, which will become one of the new anchor tenants of the Tsentraal shopping and business centre in Jõhvi. The grocery store will open early this summer.
Northern Horizon Capital AS, the management company of Baltic Horizon Fund, hereby informs of changes in the management board. Algirdas Vaitiekunas, a long term member of the management board of Northern Horizon Capital AS, will resign from the management board, with his last date of office being 2 January 2023.
EfTEN Real Estate Fund III AS and EfTEN Kinnisvarafond AS signed a merger agreement. The merger will create the largest real estate fund in the Baltics, with a total balance sheet of almost 400 million euros. After the completion of the merger, the merging fund will be named EfTEN Real Estate Fund AS, and its shares remain li...
The total stock of SBU (Small Business Units) / LML (Last Mile Logistics) space in the CEE-15 countries accounts for over 3 million m², but the development of this market is not evenly spread in this region. The largest amount of space is located in Poland (circa about 2 million m²), reveals a new report by Colliers: "ExCEEdi...
Today commences a public offering of fund units of EfTEN United Property Fund, a real estate fund aimed at retail investors. The offering period lasts until 11:00 on May 20, 2022, and the volume of the issue is €5 million. The fund units are scheduled to be listed on the Tallinn Stock Exchange on May 31, 2022.
Eastnine has leased almost 2,300 sq.m. of office space in Vilnius to the Estonian coworking company Workland. The agreement runs for seven years from the summer of 2022.
After almost two years of the pandemic, the office asset class in Europe is proving to be largely resistant to the crisis, albeit with limitations. Although the transaction volume of around €87.5bn in 2021 was up on the previous year (+4.1%), it still lagged behind the pre-pandemic period (-28.2% compared to 2020, -15.3% comp...
Newsec has acquired BPT Real Estate from private equity fund manager Baltcap. BPT Real Estate owns property management companies operating under that same name in Lithuania, Latvia and Estonia, as well as a controlling stake in Projector, a provider of construction management and supervision services in the Baltic countries.
Fund manager East Capital Real Estate has sold the Gospa hotel building in Kuressaare, with a total area of over 6,600 square metres. The hotel is located on the attractive Saaremaa island resort, near the harbour, the city park and the picturesque 13th century Bishop’s Castle.