April 30, 2025 - 18:58
In the first quarter of 2025, EfTEN Real Estate Fund AS made notable strides in its investment strategy, focusing heavily on the elderly care home sector. The Fund utilized a considerable portion of the capital raised in the preceding quarter to enhance its portfolio. A key highlight was the signing of a binding agreement in February by EfTEN's wholly-owned subsidiary, EfTEN Hiiu OÜ, to acquire a property located at Hiiu 42 in Tallinn.
This strategic acquisition, valued at €4 million, is set to pave the way for the development of a general care home in collaboration with Südamekodud AS. The project aims to address the growing demand for elderly care facilities, which is increasingly becoming a priority in urban planning and community services. Additionally, the Fund has earmarked up to €2.5 million for the reconstruction of the property, ensuring that it meets the necessary standards for quality care. This investment underscores EfTEN's commitment to enhancing the living conditions of the elderly population while also contributing to the local economy.
