Special investment fund eQ Community Properties Fund has sold 17 healthcare properties to a fund represented by Nordic real estate investor Nrep.
“The property transaction market is still very quiet. This deal demonstrates that the social property segment is attractive even in this market,” said Tero Estovirta, head of real estate investments at eQ Asset Management. “This is the second deal that eQ Community Properties Fund has completed in the past month. eQ Community Properties Fund focuses on owning properties in growing cities and, after the transaction, nearly 70 percent of the 103 assets owned by eQ Community Properties Fund are located in the Helsinki Metropolitan area and Tampere. Over 65 percent of the lettable area is leased to public counterparties. The number of properties in the portfolio will decrease and the unit size will increase, improving the efficiency of the fund's operations. Nrep as a buyer is a respected player and a great addition as an owner of
