Everaus Kinnisvara AS hereby announces its intention to issue new bonds in October 2025 under the second series of the bond programme. The schedule and terms and conditions of the second series will be announced in nearby future.
Everaus Kinnisvara AS launched its first public bond offering in May this year, issuing 5000 bonds with a total value of EUR 5 million under the first series of its bond program. The issued bonds are traded on Nasdaq Tallinn’s First North market.
The funds raised in the first round have been used as intended, and with their support, the construction of the real estate development projects has progressed vigorously. The infrastructure for the first stage of Kindluse Kodu (townhouses and semi-detached houses) has been completed, with the first buildings reaching their full height (50% of the homes in Stage I have been sold). At Luige Kodud Stage II (townhouses and apartment buildings), construction has advanced to facade and interior works (30% of the homes in Stage II have been sold). The construction of the second stage of the Lennuradari warehouse complex and the mini-warehouses in Haabersti is close to completion, new commercial buildings in the developer’s rental portfolio are expected to be completed by the end of this year.
The purpose of the second round is to additionally finance the construction of the next stages of the development projects and the commencement of construction for new development projects. Construction of infrastructure for the upcoming stages of Kindluse Kodu is already underway, alongside the final phase of Luige Kodud (stage III, townhouses) and the last two buildings of the Lennuradari warehouse complex. Preparations are also in progress for the construction of townhouses at Kangru Kodu, as well as the launch of apartment buildings located on the outskirts of Tartu, recently added to the portfolio.
“More than threefold oversubscription of the first series offering confirmed that we are recognized and valued as a real estate developer not only by clients and partners, but also by investors who place their trust in our growth prospects and our strategy to develop high-quality, sustainable residential and commercial environments. The second series offering provides an opportunity to further expand the company’s investor community,” commented the company’s founder and CEO, Janar Muttik.
Everaus Kinnisvara is an ambitious residential and commercial real estate developer. Founded in 2015 as a developer of private homes, the company has since grown into one of the most diversified developers in Estonia, with a portfolio that includes apartment buildings, terraced houses, semi-detached homes and private residences, as well as office buildings, warehouses, stock-office premises, and mini-storage facilities, in addition to residential plots and short-term rental apartments. While residential projects are developed for sale, commercial real estate is built as cash flow projects for renting purposes in order to diversify risk, with the completed business premises retained in the company’s ownership. Everaus Kinnisvara is the only real estate developer in Estonia whose nearly all completed residential projects have earned top recognition in national housing competitions. Thanks to its forward-looking choices, the company’s developments have on multiple occasions been awarded the title of being “the first of their kind.”
This notice is for informational purposes only regarding a potential future offering. It does not constitute, and should not be construed as, an offer to sell or an invitation to acquire bonds, nor will any bonds be sold or offered in any jurisdiction where such an offer, invitation, or sale would be unlawful prior to the approval, registration, or publication of a prospectus, information memorandum, or other offering document.
Additional information
Janika Roots
CFO
Everaus Kinnisvara AS
Photographer: Maria Roosaare
