Brief: Eften Real Estate Fund III Acquires Headquarters Building Of Air Baltic In Riga Airport And Facility Located Near Riga

EfTEN Real Estate Fund AS

13/01/2020 06:04

Jan 13 (Reuters) - EfTEN Real Estate Fund III AS  EFT1T.TL :
    * EFTEN REAL ESTATE FUND III AS SAYS TO ACQUIRE HEADQUARTERS
BUILDING OF AIR BALTIC IN RIGA AIRPORT AND PRODUCTION AND
STORAGE FACILITY LOCATED NEAR RIGA
    * EFTEN REAL ESTATE FUND III AS SAYS WILL PURCHASE 100%
HOLDING IN
TWO COMPANIES OWNING REAL ESTATE CORRESPONDING TO INVESTMENT
PRINCIPLES OF FUND FROM NEW HANZA CAPITAL AS
    * EFTEN REAL ESTATE FUND III AS SAYS TOTAL COST OF
TRANSACTIONS IS
APPROXIMATELY EUR 15.8 MILLION, OF WHICH EUR 7.2 MILLION WILL BE
FINANCED BY SWEDBANK AND LUMINOR
    * EFTEN REAL ESTATE FUND III AS SAYS TRANSACTIONS SHOULD BE
COMPLETED AFTER PRE-CONDITIONS OF AGREEMENTS HAVE BEEN MET, BUT
NOT LATER THAN ON FEBRUARY 28, 2020

Source text for Eikon:  ID:nGNEc8wJx4 
Further company coverage:  EFT1T.TL 

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