EfTEN Capital SIA founding
EfTEN Capital AS, Estonian asset management company, on its 5th anniversary established joint venture with SIA Newcom in Latvia for providing EfTEN Kinnisvarafond asset management services in Latvia.
SIA Newcom maintains 50% shareholding in newly established company.
EfTEN Kinnisvarafond has acquired real estate property in Jelgava and commercial property in Riga.
SIA Newcomgroup incorporates companies involved in real estate development, construction and property management businesses. SIA Newcom group daughter company SIA Newcom Development was established in August 2012 as acquiring company in reorganization of SIA Arco Development – Estonian Arco Vara AS subsidiary in Latvia.
EfTEN Capital AS is an asset management company founded in 2008, specialising in real estate investments. The company also offers private portfolio management.EfTEN Capital is authorized and regulated by Estonian Financial Supervision Authority.