eQ Community Properties Fund (AIF) has entered into an agreement with Ilmarinen Mutual Pension Insurance Company for the acquisition of four properties and a simultaneous investment by Ilmarinen into the fund. The properties, located in Helsinki, Espoo, and Vantaa, include a health center in Espoo, a daycare center in Vantaa, a primary school in Helsinki, and a parking facility in Helsinki. The combined leasable area of the first three properties is approximately 13,900 m², while the parking facility offers 120 parking spaces.
The tenants of these properties are the City of Helsinki, the Western Uusimaa Wellbeing Services County, the City of Vantaa, and Aimo Park Oy. The transaction was finalized on December 31, 2024.
Jennifer Eloheimo, Investment Director at eQ Community Properties Fund, commented:
“eQ Community Properties Fund (AIF) is the largest special investment fund in Finland and also the largest community property investor. Ilmarinen’s properties are very well matched with the fund’s strategy. The Finnish community property sector is a growing niche segment, in which we have a very robust and long-time experience and deep understanding. It is especially great to be able to deepen our relationship with Ilmarinen and show our potential in this segment to the larger professional investors.”
Established in 2012, eQ Community Properties Fund (AIF) has grown to become the largest community properties investor and developer in Finland. As of December 2024, the market value of its property portfolio stands at €1.8 billion. The fund focuses on assets located in Finland’s six largest growth centers, with over half of its holdings situated in the Helsinki Metropolitan Area.
This acquisition and partnership underscore eQ Community Properties Fund’s commitment to strategically expanding its portfolio while reinforcing its position as a leader in the Finnish community property market..