Subsidiaries of EfTEN Real Estate Fund III<\/a> have signed a contract to acquire two elderly care home projects.<\/strong>
\nThe fund\u2019s subsidiary, EfTEN Valka, has entered into an agreement with S\u00fcdamekodud to acquire a property located in Valkla village, Kuusalu municipality, Harju County, which includes a care home building in need of renovation, the company announced to the stock exchange.
\nThe fund plans to convert the existing building into a general care home accommodating up to 250 residents. A construction tender has not yet been announced but is planned to take place within three months after the signing of the property rights agreement.
\nAccording to the agreement, S\u00fcdamekodud \u2014 which operates care homes in nine locations across Estonia \u2014 will remain the tenant of the property. The sale price of the property is \u20ac2,005,000, and the buyer commits to invest up to \u20ac2 million. The purchase and investment will be financed from the fund\u2019s own resources.
\nThe fund\u2019s second subsidiary, EfTEN Ermi, has signed an agreement with S\u00fcdamekodud to acquire a building right in Tila village, Tartu municipality, Tartu County. The fund plans to build a care home there for up to 120 residents. A construction tender has not yet been announced and is also planned within three months after the signing of the property rights agreement.
\nThe care home will be leased long-term to S\u00fcdamekodud. The sale price of the building right is \u20ac233,235, and the purchase and investment will be financed from the fund\u2019s own capital.
\nCompletion of the transaction requires the consent of Tartu municipality, the signing of the lease agreement, and the approval of the Competition Authority. After that, a property rights transfer agreement will be concluded.<\/p>","protected":false},"excerpt":{"rendered":"EfTEN hakkab arendama kaht hooldekodu EfTEN Real Estate Fund III t\u00fctarettev\u00f5tted s\u00f5lmisid v\u00f5la\u00f5igusliku lepingu kahe hooldekodu projekti omandamiseks. Fondi t\u00fctarettev\u00f5te EfTEN Valka s\u00f5lmis lepingu S\u00fcdamekodudega, et omandada Harjumaal Kuusalu vallas Valkla k\u00fclas asuv kinnistu, millel on renoveerimist vajav hooldekodu hoone, teatas ettev\u00f5te b\u00f6rsile. Fond kavandab hooldekodu hoone \u00fcmberehitust u\u0308ldhooldekoduks, mis v\u00f5iks mahutada kuni 250 klienti. […]<\/p>","protected":false},"author":5,"featured_media":1894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_breakdance_hide_in_design_set":false,"_breakdance_tags":"","footnotes":""},"categories":[26],"tags":[],"class_list":["post-1893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uudised"],"acf":[],"_links":{"self":[{"href":"https:\/\/sudamekodud.ee\/en\/wp-json\/wp\/v2\/posts\/1893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sudamekodud.ee\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sudamekodud.ee\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sudamekodud.ee\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/sudamekodud.ee\/en\/wp-json\/wp\/v2\/comments?post=1893"}],"version-history":[{"count":0,"href":"https:\/\/sudamekodud.ee\/en\/wp-json\/wp\/v2\/posts\/1893\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sudamekodud.ee\/en\/wp-json\/wp\/v2\/media\/1894"}],"wp:attachment":[{"href":"https:\/\/sudamekodud.ee\/en\/wp-json\/wp\/v2\/media?parent=1893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sudamekodud.ee\/en\/wp-json\/wp\/v2\/categories?post=1893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sudamekodud.ee\/en\/wp-json\/wp\/v2\/tags?post=1893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}