A subsidiary of EfTEN Real Estate Fund AS sold an office building at Menulio 11 in Vilnius

AI Briefing

• – EfTEN Real Estate Fund AS sold an office building at Menulio 11 in Vilnius for €600,000 above the balance sheet value, following a 11-year investment period with a 14% annual IRR.
• – The property was initially acquired by EfTEN Menulio UAB in 2015 for €5.8 million through a merger with EfTEN Kinnisvarafond AS.
• – Proceeds will be used as equity for future investments, with the transaction not being considered significant according to NASDAQ Tallinn Stock Exchange rules.