PRESS RELEASE
5 October 2015 at 10:00 a.m.
eQ Asset Management has raised over 300 million euros of equity capital for real estate funds and the total investment capacity of eQ’s two real estate funds, Special Investment Fund eQ Finnish Real Estate (AIF) and Special Investment Fund eQ Care (AIF), now exceeds 600 million euros. The two funds have acquired properties for 230 million euros in 2015 and acquisitions will continue with the growth of the funds.
Special Investment Fund eQ Finnish Real Estate (AIF) continued to build the real estate portfolio of the fund with two transactions. The fund acquired the head offices of Sato in Helsinki from Mandatum Life. The other closed transaction was made in Tampere, where Taninkatu 1 was acquired from S Group (Pirkanmaa Cooperative Society) with lead tenants XXL and Expert chain stores.
Special Investment Fund eQ Care (AIF) added a property in the city center of Turku to its portfolio by acquiring Humalistonkatu 9-11 from a fund managed by Auratum Real Estate. The tenant, Terveystalo Pulssi, belongs to the largest healthcare service company in Finland.
’’eQ continues to develop real estate asset management according to plan. The investor demand for or 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 new investors quarterly and semi-annually for redemptions. The funds aim for a 6% annual distribution and 8-10% total annual return.
Helsinki 5 October 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 7.8 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.