eQ Yhteiskuntakiinteistöt has acquired a school property in Niittykumpu, Espoo from Varma, emphasizing their strategic focus on community properties in Finland.
Information on the Target
The specialized investment fund eQ Yhteiskuntakiinteistöt has completed a transaction with Keskinäinen työeläkevakuutusyhtiö Varma for a school property located in Niittykumpu, Espoo. The property is primarily leased by the City of Espoo and houses Niittykummun School. This acquisition is aligned with the fund's strategy of investing in high-quality community properties.
eQ's head of real estate investments, Jennifer Eloheimo, emphasized that this strategic acquisition perfectly fits the fund's focus on community properties, particularly in the capital region. The involvement of Varma as an investor further strengthens the fund's market position and demonstrates the trust major institutional investors place in eQ's real estate expertise.
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Industry Overview in Finland
Finland's real estate market has shown a consistent upward trend, with community properties playing a crucial role in urban development. The increasing demand for educational facilities and supportive infras
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Disclosed details
Enterprise Value: $1,700M
Equity Value: $1,100M