Globe News Wire
01 Jun 2026, 09:37 UTC · 1h ago
Source · https://www.globenewswire.com/news-release/2026/06/01/3304116/0/et/eften-real-estate-fund-as-omandas-magistrali-kaubanduskeskuse.html
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EfTEN Real Estate Fund AS acquired the Magistrali shopping center for a real estate value of €31.69 million. — The acquisition increases the fund's total portfolio value beyond €400 million and expands its asset base.
+0.30The acquisition of the Magistrali shopping center will increase the fund's annual net rental income by approximately €2.5 million. — Direct growth in recurring cash flow generally supports the valuation and dividend capacity of a real estate fund.
+0.30The Magistrali shopping center has a high occupancy rate of 98.5% with 72 tenants. — High occupancy suggests low vacancy risk and stable income generation for the new asset.
+0.20The entry yield for the acquisition of the Magistrali shopping center is approximately 8.1%. — Provides a benchmark for the fund's investment efficiency and cost of capital relative to the asset's return.
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The fund expanded its portfolio by acquiring the Magistrali shopping center, increasing its assets over 400 million euros and growing annual rental income by 2.5 million euros.
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