Net asset value of the EfTEN United Property Fund as of


The web asset value (NAV) of the EfTEN United Property Fund was 10.89 euros as of August 31, 2022, rising by 0,4% over the month. Since the begin of the fund in late June 2021 the complete return has been 9,8% and the return on invested capital 11,6%. The fund has 1/3 of it’s capital as uninvested.

In August, EfTEN Capital submitted a request to the FSA to amend the phrases and circumstances of the fund. Upon approval the most vital change will concern the chance to provoke a buyback program of the fund’s models if, in response to the fund administration firm, the fund trades clearly under the value of its actual property.

In September, vital developments befell concerning the fund’s improvement funding in the residential district of Uus-Järveküla. Rae municipality issued a allow for the building of roads and tracks in the first stage of the improvement. In addition, 10 new terraced homes had been placed on sale. Out of the 52 homes which have been on sale thus far, 50 have been booked by prospects.

In September, the fund elevated its investments in the EfTEN Residential Fund by 370k euros. This will probably be used in direction of the completion of the improvement of rental homes in Kaunas and the continuation of the improvement of rental homes in Vilnius.

A extra detailed overview of EfTEN United Property Fund’s portfolio could be discovered on the fund’s web site:

Kristjan Tamla
Head of Retail
Phone 655 9515

Source link


Please enter your comment!
Please enter your name here