The investment fund EIKA Real Estate Fund (EREF) of the investment management company EIKA Asset Management (EAM) has paid dividends to investors for the fourth year in a row. In total, the EREF fund has already paid out 6.4 million euros in dividends to investors. This year’s dividend amount is the largest amount ever paid in the history of EREF.
“We are pleased with the successful operation of the fund and the obvious return for investors. The last four years have been particularly successful for the fund – over 100 million euros have been invested. We hope that in the coming years we will be able to achieve even 50 percent growth. It is obvious that the value creation strategy applied by the fund, using its existing knowledge of real estate management and development and making acquisitions in asset classes in the Central and Eastern European region, has paid off,” says Paulius Stulgaitis, fund manager.
According to him, EREF’s investments in Poland have been particularly successful, so the fund plans to continue investing in logistics facilities, offices and retail parks in Poland and expand throughout Central Europe.
Over the last 3 years, dividend payments to investors have increased from 1.2 million to 2.2 million euros. The fund has planned in its strategy to pay up to 5 percent of dividends to investors once a year and has kept its commitments. Dividends payable are growing steadily.
EREF is EIKA Asset Management’s largest fund dedicated to investments in commercial property and has already earned more than EUR 15.2 million in profit since its inception.
As Paulius Stulgaitis notes, the past few years have been years of searching for new markets and new products. Currently, the fund is developing a large multi-stage logistics center project in the north of Warsaw, near Modlin Airport (Poland), as well as the Logistics Center “Warsaw West X” in the town of Sochaczew, west of Warsaw (Poland). The fund also manages the Business Center “.big” in Krakow (Poland), the Celebro Business Center in Warsaw (Poland), a shopping center in Riga, Business centrum Tesla 2 Košice (Slovakia), the ViaCon Baltic production base and Tamro Logistics Center in Kaunas, the DHL terminal, the business center “Highway”, Volkswagen and Audi representative offices in Vilnius.