Globe News Wire
01 Jun 2026, 09:37 UTC · 1h ago
Source · https://www.globenewswire.com/news-release/2026/06/01/3304116/0/en/eften-real-estate-fund-as-acquired-the-magistral-shopping-center.html
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EfTEN Real Estate Fund AS acquired the Magistral shopping center for a value of €31,690,000. — Direct expansion of the fund's asset base via a significant capital deployment.
+0.30The acquisition increases the fund's annual net rental income by approximately €2.5 million with an entry yield of about 8.1%. — Provides a clear positive impact on the fund's recurring cash flow and yield profile.
+0.30The fund's total real estate investment portfolio has now exceeded the €400 million threshold. — Signals a milestone in the fund's scale and market presence.
+0.20The Magistral shopping center currently maintains a high occupancy rate of 98.5%. — Indicates low immediate vacancy risk and strong operational stability for the new asset.
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The company expanded its real estate portfolio by 8%, exceeding the €400 million threshold and increasing annual net rental income by approximately €2.5 million.
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