📋 Tender Overview
Location: Regional
Project number: 55048
Business sector: Property and tourism
Notice type: Private
EBRD Finance Summary: Up to EUR 20,000,000
Total Project Cost: EUR 75,000,000
Project Description
Up to EUR 20 million equity investment in favour of Usaldusfond EfTEN Special Opportunities Fund ("EfTEN SOF" or the "Fund"), a closed-end real estate fund established in the form of a limited partnership incorporated in Estonia (the "Project"). The target size of the Fund is EUR 75 million.
Project Objectives
The Fund's objective is to invest in real estate projects in need of additional capital to execute on a business plan (typically to complete construction or repositioning).
Transition Impact
ETI score: 63
The transition impact of the proposed project is expected to derive from the following areas:
Green:
All newly built assets of the Fund will achieve high energy efficiency, at least 10% better than the national nearly Zero Energy Buildings (nZEB) regulations or internationally recognised voluntary green building certifications, at BREEAM Excellent level or equivalent.
Resilient:
The Bank's investment will aim to further strengthening of the private equity real estate market in the Baltics.
