SBB acquires 55 Finnish healthcare properties for €222m
The Special Investment Fund eQ Care has sold 55 properties, mainly care homes and child day-care centers, to Samhällsbyggnadsbolaget i Norden AB (publ) (SBB). The Special Investment Fund eQ Care invests in Finnish care and municipal properties.
The purchase price is approximately €222 million ($260 million). The aim is to close the deal during fourth quarter 2020. SBB is among the leading real estate investors in social infrastructure properties in the Nordics.
The Special Investment Fund eQ Care was founded in 2012 and has grown and developed strongly — the value of the assets managed by the fund amounted to €1.3 billion ($1.5 billion) as per end of September 2020. The fund is the largest private social infrastructure owner in Finland, managed by a team of 13 real estate investment professionals. The assets owned by the fund are well-diversified in different segments and located in the growth centers in Finland.
“This transaction will shape eQ Care Fun