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EfTEN Real Estate Fund AS buys Magistral shopping center, boosting portfolio value over €400M

Company Fundamentals
01 Jun 2026
Globe News Wire
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Bullish
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EfTEN Real Estate Fund AS acquired the Magistral shopping center from EfTEN Kinnisvarafond II AS as the latter's term expired. The transaction, valued at €31.69 million based on a recent appraisal, increased EfTEN Real Estate Fund's portfolio by 8%, pushing its total real estate assets above €400 million. The shopping center, located in Tallinn's Mustamäe district, is nearly fully leased with 72 tenants and adds about €2.5 million in annual net rental income. This acquisition strengthens EfTEN's position in the retail property market, making Magistral its third-largest investment after Saules Miestas and Mustika centers.

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