10 December 2020, 2:45 pm
Particular Funding Fund eQ Finnish Actual Property (AIF) proclaims the sale of seven properties in Helsinki, Tampere, Turku and Seinäjoki areas to Cibus Nordic Actual Property AB with a closing aimed for December 2020.
eQ Finnish Actual Property was launched in 2014. The fund has grown quickly, turning into a significant retail and workplace property proprietor in Finland with actual property property below administration at roughly 1.1 billion euros on the finish of September 2020. The fund has a concentrated actual property portfolio with a majority of properties positioned in Helsinki and Tampere. The introduced transaction is the primary main actual property portfolio sale from the fund.
”This transaction will form eQ Finnish Actual Property Fund’s portfolio in direction of our goal allocation based on our plans. The transaction strengthens our presence as a significant proprietor and developer of central retail and workplace property and brings improved operational effectivity. Upon the closing of the transaction the share of properties positioned within the Helsinki Metropolitan space will increase to 74%. The transaction demonstrates that the extent of exercise in the true property markets is excessive and the market is functioning nicely. The transaction can have a optimistic affect on the fund returns”, concludes Tero Estovirta, Head of Actual Property at eQ Asset Administration Ltd.
Particular Funding Fund eQ Finnish Actual Property invests in Finnish business properties. The Fund is open for subscriptions 4 instances a 12 months and for redemptions twice a 12 months. Since inception, the common annualised return of Fund has been 8.5 % p.a. (internet of charges).
Helsinki 10 December 2020
eQ Asset Administration Ltd.
Tero Estovirta, Head of Actual Property Investments, eQ Asset Administration Ltd, +358 50 593 6194 / tero.estovirta@eQ.fi
eQ Group is a Finnish group of firms specialising in asset administration and company finance enterprise. eQ Asset Administration gives a variety of asset administration companies (together with personal fairness funds and actual property asset administration) for establishments and people. The property managed by the Group whole roughly EUR 8.7 billion. Advium Company Finance, which is a part of the Group, gives companies associated to mergers and acquisitions, actual property transactions and fairness capital markets.
Extra details about the Group is obtainable on our web site at www.eQ.fi.