PRESS RELEASE
2 July 2015, at 3.20 pm
eQ ASSET MANAGEMENT RAISES MORE THAN 100 MILLION EUROS FOR REAL ESTATE FUNDS IN H1/2015
eQ Asset Management has raised over 100 million euros of new equity capital from the beginning of the year for its real estate funds. The fund’s combined investment capacity now exceeds 540 million euros. eQ’s two real estate funds, Special Investment Fund eQ Finnish Real Estate (AIF) and Special Investment Fund eQ Care (AIF), have been acquiring properties actively throughout the first six months of 2015. The latest transactions were completed around beginning of July 2015.
eQ Finnish Real Estate (AIF) completes its portfolio with the closing of two transactions. The fund acquired the K-citymarket property in the Päivölä commercial zone in Seinäjoki from NV Property Fund I Ky. The second deal is the acquisition of Kauppakatu 4, in Tampere from Peab Invest Ltd, where the lead tenant is Nordea.
Special Investment Fund eQ Care (AIF) increased its portfolio with four deals. Two properties in Helsinki were acquired from Real Estate Fund Finland I and Orton Foundation, respectively. Both these properties are leased by Orton Foundation and provide services and education for individuals with special needs. The other two transactions are follow-on deals from portfolio transactions signed in the autumn of 2014 and constitute an elderly care and a day care property.
“eQ continues to develop its real estate asset management platform according to plan. The investor demand for our funds is very strong. Our aim is to acquire ideally located modern properties with high quality tenants and long leases. The deals announced today fit the strategies of our real estate funds perfectly’’, says Tero Estovirta, Head of Real Estate Investments at eQ Asset Management Ltd.
eQ real estate funds are open for investment quarterly and semi-annually for redemptions. The funds aim to distribute 6% annually with an aim to provide a total return of 8-10%p.a.
Helsinki 2 July 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