Special Investment Fund EQ Finnish Real Estate (AIF) fund has acquired the head offices of Sato in Helsinki from Mandatum Life.

The fund has also acquired a property 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 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 Asset Management has raised over €300 M 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 M. The two funds have acquired properties for €230 M in 2015 and acquisitions will continue with the growth of the funds.

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.