PRESS RELEASE
28 May 2015 at 1:00 p.m.
eQ Finnish Real Estate (AIF) acquires K-citymarket and K-rauta properties in Hämeenlinna from a Nordic Real Estate Partners managed fund. The deal value is approximately 48 million euros. These hypermarket, building and interior decoration properties are located in the Tiiriö commercial zone in The City of Hämeenlinna and consist of approximately 30,000 square meters of gross leasable area.
‘’eQ continues firmly to develop real asset management, which is one of our focus areas, and this acquisition for eQ Finnish Real Estate fits our strategy perfectly. Our aim is to acquire ideally located modern properties with high quality tenants and long leases. The Hämeenlinna properties are very good examples of our targeted investments. eQ Finnish Real Estate has established a significant market position and our strong expansion shall continue according to plan’’, says Tero Estovirta, Head of Real Estate Investments at eQ Asset Management Ltd.
Special Investment Fund eQ Finnish Real Estate (AIF) invests in Finnish commercial real estate properties. The fund is open for new investors quarterly and semi-annually for redemptions. The fund aims for a 6% annual distribution and 8-10% total annual return.
Helsinki 28 May 2015
eQ Asset Management Ltd
Further information:
Tero Estovirta, Head of Real Estate Investments, eQ Asset Management Ltd, tel. +358 50 593 6194 / tero.estovirta@eQ.fi
eQ Group is a Finnish group of companies specialising in asset management and corporate finance business. eQ Asset Management offers a wide range of asset management services (including private equity funds and real estate asset management) for institutions and individuals. The assets managed by the Group total approximately EUR 7.5 billion. Advium Corporate Finance, which is part of the Group, offers services related to mergers and acquisitions, real estate transactions and equity capital markets.
More information about the Group is available on our website at www.eQ.fi.