The properties are located in Aalto University Campus area in Otaniemi, Espoo. The property portfolio is anchored by City of Espoo and Aalto University.

“The purpose of the sale is to release capital for university’s research, education and digitalization initiatives as well as the further development of the campus. This decision is in align with a campus plan from 2015, according to which the university will centralize its operations to the core of Otaniemi campus. From the university’s point of view, the sold properties are located outside the core campus area,” says Antti Tuomela, Managing Director at Aalto University Campus & Real Estate.

“The portfolio complements our educational property segment very well and strengthens our public sector tenant base. The buildings provide the city of Espoo with both suitable and safe educational space, and our cooperation with Aalto will continue in the campus area and elsewhere,” says Jennifer Eloheimo, Investment Director for EQ Care.

CBRE acted as the Seller’s exclusive commercial advisor while HPP Attorneys Ltd acted as the Seller’s legal advisor and Castrén & Snellman Attorneys Ltd as the Buyer’s legal advisor.