Starting of construction of the “Nõmme Südamekodu” elderly care home in Hiiu, Tallinn

Acquisition and Development - The Fund announced the acquisition of a property at Hiiu St 42, Tallinn, by its subsidiary EfTEN Hiiu OÜ, with plans to partially reconstruct it into an elderly care home named "Nõmme Südamekodu," which could accommodate up to 170 residents [1] - Following the acquisition, EfTEN Hiiu OÜ collaborated with Nõmme Südamekodu OÜ and design company OÜ SIRKEL&MALL on the design of the elderly care home and initiated a construction procurement process [2] Construction Contract - The best offer for the construction was made by RIS Ehitus OÜ, with whom a construction contract was signed on 13 August 2025, valued at approximately 4 million euros, including VAT [3] - The planned completion date for the elderly care facilities is set for the second quarter of 2026 [3]