{"id":4059,"date":"2018-12-03T10:00:47","date_gmt":"2018-12-03T08:00:47","guid":{"rendered":"http:\/\/eften.ee\/?p=4059"},"modified":"2018-12-03T10:00:47","modified_gmt":"2018-12-03T08:00:47","slug":"eften-real-estate-fund-4-acquires-ryo-shopping-centre-in-panevezys-lithuania","status":"publish","type":"post","link":"https:\/\/eften.ee\/en\/eften-real-estate-fund-4-news\/eften-real-estate-fund-4-acquires-ryo-shopping-centre-in-panevezys-lithuania\/","title":{"rendered":"EfTEN Real Estate Fund 4 acquires RYO shopping centre in Panev\u0117\u017eys, Lithuania"},"content":{"rendered":"<p><strong>EfTEN Real Estate Fund 4 is off to a good start as it has acquired RYO shopping centre in Panev\u0117\u017eys, Lithuania, the fund\u2019s already second property in one month. The price of the transaction was 47 million euros making it the second biggest investment in EfTEN\u2019s history, following the purchase of Domina centre in Riga in 2016.<\/strong><\/p>\n<p>RYO, previously owned by Finnish Pontos Group, is the biggest shopping centre in Panev\u0117\u017eys \u2013 a city of 89,000 inhabitants and a regional centre for over 150,000 people. The one-floor centre covers 24,300 square meters of leasable area and provides a parking lot for 950 cars. Centre was fully renovated by Pontos in 2014. There are currently 132 tenants in RYO, among other major tenants &#8211; RIMI, JYSK, H&amp;M and Avitela.<\/p>\n<p>\u201cFollowing the purchase of Kadrioru Business Centre, RYO is an important addition to our portfolio as it will start producing positive cashflow from day one, so EfTEN 4 is off to an excellent start,\u201d said Viljar Arakas, CEO of EfTEN Capital. The transaction was closed on 30 November 2018.<\/p>\n<p>The transaction volume is 47 million euros which will provide EfTEN Real Estate Fund 4 a net entrance yield of over 8 per\u00a0cent, not considering the bank loan. EfTEN Capital will integrate RYO into with EfTEN\u2019s successful Latvian and Lithuanian shopping centre management structure which is already managing Domina centre in Riga, Saules Miestas centre in Siauliai and RAF centre in Jelgava. RYO included, EfTEN Capital\u2019s shopping centre management team led by Mrs. Dina Bunce will operate a portfolio of 100,000 square meters of commercial space in Latvia and Lithuania. The transaction was advised by Newsec and financed by Swedbank. Seller\u2019s legal counsel was Sorainen and buyer was represented by FORT Vilnius.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EfTEN Real Estate Fund 4 is off to a good start as it has acquired RYO shopping centre in Panev\u0117\u017eys, Lithuania, the fund\u2019s already second property in one month. The price of the transaction was 47 million euros making it the second biggest investment in EfTEN\u2019s history, following the purchase of Domina centre in Riga [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[],"class_list":["post-4059","post","type-post","status-publish","format-standard","hentry","category-eften-real-estate-fund-4-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EfTEN Real Estate Fund 4 acquires RYO shopping centre in Panev\u0117\u017eys, Lithuania &#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-real-estate-fund-4-news\/eften-real-estate-fund-4-acquires-ryo-shopping-centre-in-panevezys-lithuania\/\" \/>\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 4 acquires RYO shopping centre in Panev\u0117\u017eys, Lithuania &#8212; EfTEN Capital\" \/>\n<meta property=\"og:description\" content=\"EfTEN Real Estate Fund 4 is off to a good start as it has acquired RYO shopping centre in Panev\u0117\u017eys, Lithuania, the fund\u2019s already second property in one month. 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