Construction of the second phase of the "Tartu Südamekodu" elderly care home in Tartu County

Last year, EfTEN Ermi OÜ, a 100% subsidiary of EfTEN Real Estate Fund AS, in cooperation with the operator Tartu Südamekodu OÜ has completed the construction of the 120-bed elderly care home on the land used under building rights at 13 Ermi Street in Tila Village, Tartu County. Tartu Südamekodu OÜ started providing elderly care home services to clients from August 2024. The clients are satisfied, and the occupancy rate has exceeded initial expectations. Strong demand for elderly care home services will allow to start with second phase of construction and finish the part of the building that was initially built as a so-called grey finishing.