2 February 2016, at 09:00 a.m.

eQ’s strong activity in real estate investment management continues. Special Investment Fund eQ Care (AIF) has acquired 27 care properties from Healthcare I managed by Northern Horizon Capital. The acquired portfolio consists of nursing homes and has with a total lettable area of nearly 50,000 square meters built between 2006 and 2012.  

Following this acquisition the real estate assets of eQ Care, which started investment activities in the summer of 2012, increases to over 430 million euros. The fund currently owns 123 care properties in Finland, all fully let and occupied by leading care providers in Finland. Lease maturities are long providing stable long-term rental cash flows.

”The transaction further strengthens the already strong position of eQ Care as a leading care property investor in Finland. We have grown our real estate investment team and with our proven track record we have established ourselves as a desirable partner to our tenants and to our clients. We believe that the need for modern care properties continues to grow in Finland’’, says Tero Estovirta, Head of Real Estate Investments at eQ.   

Special Investment Fund eQ Care (AIF) invests in Finnish care real estate. The fund is open quarterly for subscriptions and semi-annually for redemptions. The fund has returned 8.4% p.a. since inception net of all fees including a 6% annual income distribution.

Helsinki 2 February 2016

eQ Asset Management Ltd

Further information:

Tero Estovirta, Head of Real Estate Investments, eQ Asset Management Ltd, tel. +358 50 593 6194 / tero.estovirta(at)eQ.fi