EfTEN United Property fund news
EfTEN launches a new Baltic estate fund – EfTEN United Property Fund
Today only professional and wealthy investors have access to broad real estate investment vehicles in the Baltics. EfTEN Capital is bridging the gap by launching the EfTEN United Property Fund targeted towards retail investors. Fund’s minimum subscription amount is 10 euros.
The fund is the first one in the Baltics investing across the full spectrum of real estate segments: commercial properties (logistics and shopping centres, offices, etc), residential properties as well as in real estate development projects. The fund will invest in other funds as managed by EfTEN Capital and directly in real estate projects.
The fund is open for regular subscriptions – investors can invest in the fund with a lump-sum or regularly on monthly basis.
The Fund does not charge a subscription fee and success fee. There is also no fee on uninvested capital and no second layer fees while investing to EfTEN Capital funds. The Fund charges 1,5% annual management fee on direct real estate investments.
The EfTEN United Property Fund will be listed at Nasdaq Baltic fund list within 12 months period.