Everaus Real Estate AS Prepares for Public Bond Offering
Everaus Kinnisvara AS announces its intention to issue new bonds under the second series of its bond program in October 2025. The exact terms and timeline of the second series offering will be announced shortly.
Everaus Kinnisvara AS launched its first public bond offering this May, issuing 5,000 bonds under the first series of its bond program with a total volume of 5 million euros. The issued bonds are traded on the Nasdaq Tallinn exchange's alternative market First North.
The funds raised under the first series have been used appropriately, and with their support, the construction of real estate development projects has progressed rapidly. The infrastructure of Kindluse Kodu Phase I (townhouses and semi-detached houses) is complete, and the first houses have reached full height (50% of Phase I homes have been sold). The houses of Luige Kodude Phase II (townhouses and apartment buildings) have reached the facade and interior construction stages (30% of Phase II homes have been sold). Construction work on Lennuradata Warehouse Complex Phase II and Haabersti mini warehouses is in its final stages, and new commercial buildings in the developer's rental portfolio will be completed by the end of this year.
The objective of the second series is to additionally finance the construction of subsequent phases of development projects and to begin construction of new development projects. The construction of infrastructure for the next phases of Kindluse Kodu has begun, as well as construction of houses in Luige Kodude Phases III and the final phase (townhouses), and construction of the final two buildings of the Lennuradari Warehouse Complex. Preparations are underway to begin construction of Kangru Kodu townhouses and apartment buildings located on the outskirts of Tartu, which have been added to the portfolio.
"The more than threefold oversubscription of the spring offering confirmed that we are valued and recognized as a real estate developer not only in the eyes of our clients and business partners, but also investors trust our development prospects and strategy to develop quality and sustainable living and business environments. The second series offering enables us to expand the company's investor community even further," commented company founder and CEO Janar Muttik.
Everaus Kinnisvara is an ambitious residential and commercial real estate developer. Starting as a private house developer in 2015, the company has grown into a developer with the most diverse portfolio, which includes apartment buildings, townhouses, semi-detached houses and private houses, office buildings, warehouse and stock-office spaces and mini warehouses, as well as private residential plots and guest apartments. While residential real estate projects are intended for sale, commercial real estate is developed for rental purposes with risk diversification as cash flow projects, and completed commercial buildings are retained in the company's ownership. Everaus Kinnisvara is the only real estate developer in Estonia whose almost all completed residential developments have received high recognition in home competitions. Due to forward-thinking choices, the developer's projects have been awarded the title "first of its kind" more than once.
This notice is for informational purposes only regarding a potential future offering. This notice should not be regarded as a sales offer or an invitation to acquire bonds, and there will be no sale or offering of bonds in any jurisdiction where such offering, invitation, or sale would be unlawful prior to the confirmation, registration, or publication of a prospectus, information, or other offering document.
