{"id":5686,"date":"2021-05-20T08:54:38","date_gmt":"2021-05-20T05:54:38","guid":{"rendered":"http:\/\/eften.ee\/?p=5686"},"modified":"2021-05-20T08:54:38","modified_gmt":"2021-05-20T05:54:38","slug":"completion-of-the-construction-works-of-the-restaurant-building-on-the-property-of-saules-miestas-shopping-center-and-opening-of-the-kfc-restaurant","status":"publish","type":"post","link":"https:\/\/eften.ee\/en\/eften-real-estate-fund-news\/completion-of-the-construction-works-of-the-restaurant-building-on-the-property-of-saules-miestas-shopping-center-and-opening-of-the-kfc-restaurant\/","title":{"rendered":"Completion of the construction works of the restaurant building on the property of Saules Miestas shopping center and opening of the KFC restaurant"},"content":{"rendered":"<p style=\"margin: 0cm; text-align: justify;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; color: black;\">Today, 20.05.2021, a fast-food restaurant with a drive-in, operating under the KFC (Kentucky Fried Chicken) franchise will be opened. The new separate building was built by the fund&#8217;s Lithuanian subsidiary UAB &#8220;Saules Miestas&#8221; on the existing property of Saules Miestas shopping center. This is the first new KFC restaurant in Lithuania. The tenant of the building, &#8220;APL FRESH FOOD&#8221; UAB, will use the building on the basis of a long-term lease agreement, with a term of 10 + 10 years. The tenant will start paying the rent from the opening of the restaurant.<\/span><\/p>\n<p style=\"margin: 0cm; text-align: justify;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; color: black;\">Earlier, 03.12.2019 the fund has informed via a stock exchange announcement about the starting construction works and the conclusion of a lease agreement.\u00a0The total area of the restaurant building is 330 m\u00b2.\u00a0The total investment to the project is 630 000 euros, plus VAT\u00a0and the expected yield 10%. The construction works was financed from the cash flow of the fund&#8217;s subsidiary. The investments will be refinanced with the money raised during current issue.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today, 20.05.2021, a fast-food restaurant with a drive-in, operating under the KFC (Kentucky Fried Chicken) franchise will be opened. The new separate building was built by the fund&#8217;s Lithuanian subsidiary UAB &#8220;Saules Miestas&#8221; on the existing property of Saules Miestas shopping center. This is the first new KFC restaurant in Lithuania. The tenant of the [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-5686","post","type-post","status-publish","format-standard","hentry","category-eften-real-estate-fund-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Completion of the construction works of the restaurant building on the property of Saules Miestas shopping center and opening of the KFC restaurant &#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-news\/completion-of-the-construction-works-of-the-restaurant-building-on-the-property-of-saules-miestas-shopping-center-and-opening-of-the-kfc-restaurant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Completion of the construction works of the restaurant building on the property of Saules Miestas shopping center and opening of the KFC restaurant &#8212; EfTEN Capital\" \/>\n<meta property=\"og:description\" content=\"Today, 20.05.2021, a fast-food restaurant with a drive-in, operating under the KFC (Kentucky Fried Chicken) franchise will be opened. The new separate building was built by the fund&#8217;s Lithuanian subsidiary UAB &#8220;Saules Miestas&#8221; on the existing property of Saules Miestas shopping center. This is the first new KFC restaurant in Lithuania. 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