Brief: EfTEN Real Estate Fund III Says Subsidiary EfTEN Pirita Acquires Registered Immovable Of Pirita Pansionaat For EUR 6.2 Million

EfTEN Real Estate Fund AS

18/12/2020 06:46

Dec 18 (Reuters) - EfTEN Real Estate Fund III AS  EFT1T.TL :
    * SUBSIDIARY EFTEN PIRITA ACQUIRES THE REGISTERED IMMOVABLE
OF
PIRITA PANSIONAAT IN TALLINN
    * PRICE OF TRANSACTION WITHOUT VAT IS EUR 6.2 MILLION
    * TO FINANCE TRANSACTION THE PARENT COMPANY TOOK A LOAN OF
EUR 3.1
MILLION AND EFTEN PIRITA A LOAN OF EUR 3.1 MILLION
    * PROPERTY IS RENTED AND TENANT WILL START PAYING RENT FROM
APRIL
1, 2021 WITH RENT GRADUALLY INCREASING, REACHING FULL AMOUNT AS
OF JAN. 1, 2022

Source text:  ID:nGNE7tqTHq 
    
Further company coverage:  EFT1T.TL 

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