E
fTEN Real Estate Fund AS announced that despite their confidence in a Baltic commercial real estate market turnaround, investors remain cautious and prefer bonds over real estate investments. However, the fund's manager, Viljar Arakas, expressed optimism about the offering, stating it provided an opportunity to introduce EfTEN to investor communities in Latvia and Lithuania.

    The offering saw 620,544 shares subscribed for a total value of 11.8 million euros, with the base volume subscribed by 62%. A total of 845 investors participated, including 388 existing investors. Estonian investors accounted for 97% of subscriptions, with 29% coming from shareholders related to EfTEN Capital AS.

    The distribution of shares is set to be approved on December 10, 2024. The raised capital will be sufficient to complete all planned investment projects, with almost all new funds being invested immediately.