EfTEN Kinnisvarafond II
| Fund name | EfTEN Kinnisvarafond II AS |
| Fund type | Closed end investment fund founded as a public limited company. Regulated by Estonian Financial Supervision Authority. The fund is founded under AIFMD directive |
| Fund term | 10 years from the date of registration (5 years investment period; 5 years holding and exiting). General meeting can prolong the fund term twice by one year |
| Management Company | EfTEN Capital AS |
| Fund status | Investment period has ended; holding phase |
| Auditor | AS PricewaterhouseCoopers |
| Fund volume (share capital) | Up to 100 million euros |
| Calculation of the net asset value (NAV) and its frequency | Calculation of the net asset value of the fund’s assets takes place on a monthly basis, according to the fund’s articles of association and to the procedure for calculating the value of the fund and the assets of the fund approved by the management company |
| Investment focus by sector | Cash flow generating commercial and mixed-purpose properties. Preferred sites are retail, production, storage, hotel and office spaces with a single lessee, located in premium locations in different cities and towns across the Baltics |
| Geographical focus of investments | Estonia, Latvia and Lithuania |
| Leverage | Bank loan up to 60%, optimal 50 % |
| Management fee | The main fee is 1% of the fund’s equity per year. The main fee is paid monthly. The amount of the success fee is 20% , annual hurdle rate is 7% |
| Dividend | To be approved by annual general meeting |
| Redemption of shares | None |
| Liquidity of shares | The fund’s shares are not publicly traded on the securities market. Investments should be regarded as long-term investments. The fund’s shares are freely transferable |
| The Fund’s expected return on equity | More than 9% per year |
| Depositary | Swedbank |
Kontaktid
Supervisory Board
- Arti Arakas (chairman)
- Olav Miil
- Siive Penu
- Sander Rebane
Management Board
Viimased uudised
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The Radisson Collection hotel is the first renovated building in Estonia that qualified for SEB’s green loan
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The Radisson Collection Hotel, owned by EfTEN Capital, required an investment of 250 euros per square meter for an A-class energy rating
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Notice of convening annual general meeting of shareholders of EfTEN Kinnisvarafond II AS