Estonia’s GDP dropped 2.7% year-on-year in Q4 2023 and 3.0% in 2023 in real terms (non-adjusted), according to Statistics Estonia. In quarter-on-quarter comparison, GDP continued to contract in Q4, falling by 0.7% (swda). Nominal GDP growth slowed to 4.6% in…
EfTEN Real Estate Fund AS-i (registrikood 12864036; asukoht Tallinn, A. Lauteri 5) juhatus kutsub kokku aktsionäride korralise üldkoosoleku 02. aprillil 2024. a algusega kell 10.00. Üldkoosoleku toimumise koht: Radisson Collection hotelli II korruse konverentsikeskuse saal nimetusega „Tallinn“ aadressil Tallinn, Rävala pst 3. Koosolekust osavõtjate registreerimine algab 02.04.2024 kell…
The Management Board of EfTEN Real Estate Fund AS (registry code 12864036; seat Tallinn, A. Lauteri 5) calls an annual general meeting of shareholders on 02 April 2024 at 10:00. Venue of the general meeting: Radisson Collection Hotel second floor conference centre hall “Tallinn”,…
MANAGEMENT REPORT CEO summary In 2023 we have been in line with the Company’s history, by having focus on the main areas of activities in real estate developments in the three Baltics capitals (Tallinn, Riga and Vilnius) and the hotel…
OÜ Merko Kodud, part of AS Merko Ehitus group, has decided to launch the fifth stage of Erminurme residential development project in Tartu Parish. The stage includes two buildings at Erminurme Road 2 and Erminurme Road 22 with 36 apartments,…
The net asset value (NAV) of EfTEN United Property Fund unit was 10.59 euros at the end of January, increasing by 0.2% over the month. If the fund’s investment in the EfTEN Real Estate Fund AS share is reflected on…
GROUP CEO’S REVIEW In spite of the times with low sunlight, the team of Arco Vara showed excellent results in Q4. We got to enjoy the fruits of our extensive work and our customers got acquainted with the high level…
Economic environment The construction market has experienced rapid evolution in recent years, with notable trends emerging in 2023 following developments that began in 2022. These shifts have profoundly impacted companies within the construction sector. Persistently high inflation and interest rates…
Arco Vara will build a modern padel venue at Helme 18, Tallinn, where a fully automatic padel center with six indoor courts will be housed in a one-story building with an area of approximately 2,000 square meters. Versatile opportunities for…
Kaamos Kinnisvara alustas Balti Jaama lähedusse, Kopli ja Kesk-Kalamaja tänava nurgale kerkiva Elu Maja korterite müügiga. Hoones on kokku 32 rõduga korterit ning arendus valmib 2025. aasta alguses. Korterelamu arendaja Kaamos Kinnisvara juhi Taimo Mureri sõnul on Elu Maja valmimine…
In Q4 2023, Estonia’s GDP dropped 3.0% y/y in real terms and remained on the same level compared to the previous quarter (swda), according to the flash estimate of Statistics Estonia. Estonian GDP contracted 3.5% y/y (swda) and 3.4% (non-adjusted)…
The net asset value (NAV) of EfTEN United Property Fund was 10.57 euros at the end of December, decreasing by 0.8% over the month. The decrease in NAV was related to the regular valuation of the fund’s investments by Colliers…
OÜ Merko Kodud, part of AS Merko Ehitus group, has decided to launch the first stage of Õielehe residential development project in Rae parish in Jüri. The development project includes in total ten apartment buildings with 121 apartments and four…
Commentary by the Fund Manager, Viljar Arakas The defining feature of 2023 was the fastest interest rate increase in the Eurozone’s 25-year history. Compared to the previous year, EfTEN Real Estate Fund AS’s consolidated interest expense nearly doubled in relation…
The net asset value (NAV) of EfTEN United Property Fund was 10.66 euros at the end of November, increasing by 0.4% over the month. If the fund’s investment in the of EfTEN Real Estate Fund AS shares is valued on…
