Merger of EfTEN funds will create a Baltic commercial real estate fund with assets of about €350m

  • 2020-01-15
  • TBT Staff
Listed company EfTEN Real Estate Fund III AS will acquire EfTEN Kinnisvarafond AS, the merger resulting in a commercial real estate fund with assets of about €350m and a portfolio of 29 properties in the Baltics. “As real estate is primarily a business of volume, the merger of two funds with identical investment strategy would enhance the reach and joint fund would become more attractive to foreign investors too. The joint fund, with total assets of about 350 million euros, has all prerequisites to enter the TOP 10 of the companies in Nasdaq Baltic Main List, c...
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