In September, EfTEN United Property Fund earned a net profit of 152 thousand euros, and 777 thousand euros over the first nine months of 2026 (2,105 thousand euros in the same period last year). The net asset value (NAV) of the fund unit was 11.65 euros at the end of September, increasing by 0.5% over the month.
In September, all of the fund’s investments were profitable. The fund earned the largest profit (81,350 euros) from its investment in EfTEN Real Estate Fund 5. The financial results of the fund are driven by its investments in two retail centres – Kristiine shopping centre in Tallinn and UNA retail park in Vilnius. At the end of September, the occupancy of both centres was 100%.
No new sales agreements were signed in September at Invego Uus-Järveküla OÜ, the development company in which the fund holds an 80% stake. Three terraced house units and two land plots remain unsold in the development project. In September, the detailed spatial plan was approved for the expansion of the Uus-Järveküla development project (Uus-Järveküla 2 OÜ), where 22 semi-detached house units are planned. The next step is to begin design work, and construction of the residential district expansion is planned in the first half of next year.
In September, EfTEN United Property Fund received 72 thousand euros from the share capital reduction of EfTEN Kinnisvarafond II AS. In October, the fund is expected to receive income and equity distributions from its investments in EfTEN Real Estate Fund 5, EfTEN Special Opportunities Fund and EfTEN Residential Fund. The fund will then announce the amount and date of this year’s second distribution.
A more detailed overview of the EfTEN United Property Fund portfolio is available on the fund’s website: https://eftenunitedpropertyfund.ee/en/fund-results-2/
