Brief: Eften Real Estate Fund Enters The Aged Care Home Segment

EfTEN Real Estate Fund AS

23/11/2020 06:08

Nov 23 (Reuters) - EfTEN Real Estate Fund III AS  EFT1T.TL :
    * SAYS EFTEN SPV19 OU, SUBSIDIARY OF THE COMPANY AQUIRES
LAND IN
TALLINNN AND ENTERS THE AGED CARE HOME SEGMENT WITH CONSTRUCTION
OF AN AGED CARE HOME
    * SAYS THE AGED CARE HOME WILL HAVE BEDS FOR 250 CLIENTS
    * SAYS THE PRICE OF TRANSACTION, FINANCED BY SWEDBANK,
WITHOUT VAT
IS EUR 6.2 MILLION, HALF IS INVESTMENT IN THE FUND'S EQUITY AND
EUR 3.1 MILLION FROM LOAN TAKEN BY EFTEN SPV19 OU

Source text:  ID:nGNE2WXgYl 
Further company coverage:  EFT1T.TL 

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