eQ Community Properties Fund has agreed on a 700 million euro green financing

Press Release
3 November 2021, 09:00 am

Special Investment Fund eQ Community Properties Fund has agreed on a significant financing package with a Nordic financier consortium. The existing financing was replaced and the notable growth potential of the fund was secured for years to come. Sustainability is a central aspect in the fund’s operating model and hence the entire loan is classified as green sustainable financing.

The signed financing arrangement enables a 700 million euro financing, out of which the main part is committed loans and part is accordion financing. The financiers include Nordea, as the co-ordinator, Aktia, Danske Bank and Swedbank. At the end of September the Fund’s debt capital was 360 million euro. The aim is to diversify the financing base going forward.

“The executed arrangement is considerable in volume as well as from ESG perspective in the real estate industry. A long-term, sustainable financing platform will facilitate the future growth and return potential of the eQ Community Properties Fund. The structure includes elements of flexibility and agility, which enable efficient and economical maneuvers. We also welcome a new financier to the fund, Danske Bank, along with the remaining existing lenders.” says Tero Estovirta, eQ’s Head of Real Estate Investments.

Special Investment Fund eQ Community Properties Fund invests in Finnish health care, service and community properties. The Fund is open for subscriptions four times a year and for redemptions twice a year.

Helsinki 3 November 2021

eQ Asset Management Ltd

Further information:

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

eQ Group is a Finnish group of companies specialising in asset management and corporate finance business. eQ Asset Management offers a wide range of asset management services (including private equity funds and real estate asset management) for institutions and individuals. The assets managed by the Group total approximately EUR 11.0 billion. Advium Corporate Finance, which is part of the Group, offers services related to mergers and acquisitions, real estate transactions and equity capital markets.

More information about the Group is available on our website at www.eQ.fi.