In July, the Eika Development Fund managed by Eika Asset Management (EAM) bought back part of the investment units and returned 7.5 million to the investors. euros.
Although the end of the Fund’s activities is scheduled only in 2028. in July, the successful completion of the project “Saulės namai” in Pilaite and the sales of apartments in other projects of the fund, which exceeded forecasts, allowed the return of capital to investors earlier than planned.
More than 60 percent has already been returned to investors. of called capital.
“This once again confirms that although the investment period of residential real estate development funds usually lasts 6–10 years, the capital begins to return to investors much earlier. The remaining part of the profit is usually paid out at the end of the fund’s operation. Early return of capital increases the efficiency of investments, as investors can dispose of the recovered funds earlier and direct them to new investment opportunities,” says Andrius Uždavinys, head of EAM.
in 2020 The established Eika Development Fund invests in the development of residential and mixed-use real estate projects. Currently, the fund’s portfolio consists of four projects: “Times of the Year” (Visoriai), “New Landscapes” (city center), “Old Town Gardens” (Vilnius Old Town) and “Saulės Namai” (Pilaitė).