Erikoissijoitusrahasto eQ Yhteiskuntakiinteistöt sold two certified elementary school properties in Espoo, Finland, to Public Property Invest ASA for €37.1 million, marking PPI's first investment in Finland.

Information on the Target

Erikoissijoitusrahasto eQ Yhteiskuntakiinteistöt has sold two elementary school properties located in Otaniemi, Espoo, to the Norwegian company Public Property Invest ASA (PPI) for a transaction value of €37.1 million. The properties, covering a total area of approximately 10,000 square meters, are predominantly leased to the City of Espoo, with 94% of the space currently under lease agreements. The average remaining term of these leases is 14 years. Recently, the properties have undergone renovations and have achieved the BREEAM Very Good certification.

Industry Overview in Finland

The Finnish real estate market, particularly in the sector of public properties, is witnessing an increasing demand for well-positioned assets. This trend is driven by a need for sustainable and functional spaces that accommodate public service needs, especially in urban areas. The public sector's commitment to maintaining and improving its facilities has made these property types attractive for investors.

Moreover, the Finnish real estate market benefits from a stable economic environment and a growing population in urban centers, such as Helsinki, Espoo, and Vantaa, which supports ongoing investme