{"id":1945,"date":"2016-03-01T09:41:12","date_gmt":"2016-03-01T07:41:12","guid":{"rendered":"http:\/\/www.eften.ee\/en\/?p=1945"},"modified":"2016-03-01T09:41:12","modified_gmt":"2016-03-01T07:41:12","slug":"eften-real-estate-fund-ii-acquired-shopping-centre-magistral","status":"publish","type":"post","link":"https:\/\/eften.ee\/en\/eften-kinnisvarafond-ii-news\/eften-real-estate-fund-ii-acquired-shopping-centre-magistral\/","title":{"rendered":"EfTEN Real Estate Fund II acquired shopping centre Magistral"},"content":{"rendered":"<p><strong>EfTEN Real Estate Fund II acquired the shopping centre Magistral for 24 million euros. Following the transaction closed yesterday, the fund\u2019s current volume of assets is over 100 million euros.<\/strong><\/p>\n<p>According to Viljar Arakas, CEO of EfTEN Capital and EfTEN Real Estate Fund II fund manager, the property is a valuable addition to EfTEN\u2019s real estate portfolio. \u201eMustam\u00e4e is the second most populated region in Tallinn, and Magistral as the regional shopping centre is in a very good location. Citycon as the previous owner of the centre has done great job expanding Magistral and we plan to further increase the choice of products and services offered in the centre,\u201c said Arakas.<\/p>\n<p>Acquisition of Magistral is the third transaction for the EfTEN Real Estate Fund II, which is mainly directed to institutional investors. In January 2015 the fund acquired Radisson Blu Sky hotel in Tallinn and in December 2015 it acquired Duntes Biroji, A-class office building located at 6 Duntes street Riga, Latvia. Following the acquisition of Magistral, the fund\u2019s current volume of assets is over 100 million euros. Law firm FORT advised the buyer during the transaction and Danske Bank financed the acquisition.<\/p>\n<p>Shopping centre Magistral was first opened in 2000 and reopened after finishing the extension in May 2012. Total selling space of the property is 11 720 sq. m and centre has 191 parking places. The centre has 65 stores and service providers, including restaurants and cafeterias, affiliate banks, mobile companies, post offices, laundry and pharmacy. The property\u2019s biggest tenants are RIMI, Koduekstra, Rademar, Sepp\u00e4la and Takko Fashion. Magistral was visited by 3,4 million customers in 2014.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EfTEN Real Estate Fund II acquired the shopping centre Magistral for 24 million euros. Following the transaction closed yesterday, the fund\u2019s current volume of assets is over 100 million euros. According to Viljar Arakas, CEO of EfTEN Capital and EfTEN Real Estate Fund II fund manager, the property is a valuable addition to EfTEN\u2019s real [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-1945","post","type-post","status-publish","format-standard","hentry","category-eften-kinnisvarafond-ii-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EfTEN Real Estate Fund II acquired shopping centre Magistral &#8212; EfTEN Capital<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eften.ee\/en\/eften-kinnisvarafond-ii-news\/eften-real-estate-fund-ii-acquired-shopping-centre-magistral\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EfTEN Real Estate Fund II acquired shopping centre Magistral &#8212; EfTEN Capital\" \/>\n<meta property=\"og:description\" content=\"EfTEN Real Estate Fund II acquired the shopping centre Magistral for 24 million euros. Following the transaction closed yesterday, the fund\u2019s current volume of assets is over 100 million euros. According to Viljar Arakas, CEO of EfTEN Capital and EfTEN Real Estate Fund II fund manager, the property is a valuable addition to EfTEN\u2019s real [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/eften.ee\/en\/eften-kinnisvarafond-ii-news\/eften-real-estate-fund-ii-acquired-shopping-centre-magistral\/\" \/>\n<meta property=\"og:site_name\" content=\"EfTEN Capital\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/@eften.ee\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-03-01T07:41:12+00:00\" \/>\n<meta name=\"author\" content=\"eften\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"eften\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/eften.ee\\\/en\\\/eften-kinnisvarafond-ii-news\\\/eften-real-estate-fund-ii-acquired-shopping-centre-magistral\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/eften.ee\\\/en\\\/eften-kinnisvarafond-ii-news\\\/eften-real-estate-fund-ii-acquired-shopping-centre-magistral\\\/\"},\"author\":{\"name\":\"eften\",\"@id\":\"https:\\\/\\\/eften.ee\\\/en\\\/#\\\/schema\\\/person\\\/cf75956c37ab60fb00914a515e5733ff\"},\"headline\":\"EfTEN Real Estate Fund II acquired shopping centre Magistral\",\"datePublished\":\"2016-03-01T07:41:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/eften.ee\\\/en\\\/eften-kinnisvarafond-ii-news\\\/eften-real-estate-fund-ii-acquired-shopping-centre-magistral\\\/\"},\"wordCount\":270,\"publisher\":{\"@id\":\"https:\\\/\\\/eften.ee\\\/en\\\/#organization\"},\"articleSection\":[\"EfTEN Kinnisvarafond II news\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/eften.ee\\\/en\\\/eften-kinnisvarafond-ii-news\\\/eften-real-estate-fund-ii-acquired-shopping-centre-magistral\\\/\",\"url\":\"https:\\\/\\\/eften.ee\\\/en\\\/eften-kinnisvarafond-ii-news\\\/eften-real-estate-fund-ii-acquired-shopping-centre-magistral\\\/\",\"name\":\"EfTEN Real Estate Fund II acquired shopping centre Magistral &#8212; 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