eQ Community Properties Fund has sold a portfolio of 17 healthcare properties to Nrep.
News release
20 December 2023
JLL advised eQ on the sale of 17 healthcare properties to Nrep
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The purchase price of the portfolio is approximately EUR 100 million. The assets are leased to market leading private tenants and are located in Helsinki area and in large cities. The portfolio has a total leasable area of ca. 29,000 sq m.
Jennifer Eloheimo, Investment Director, eQ Community Properties Fund: “This is already our second major transaction this fall and a great indication that the community property segment remains to be interesting. After the transaction, nearly 70% of the 103 assets owned by eQ Community Properties Fund are located in Helsinki Metropolitan area and Tampere and the rest primarily in university towns. Over 66% of the lettable area is leased to public counterparties and, with the transaction, the Fund further strengthens its position as a partner for the public sector. Nrep, as a buyer, is a respected player and a great addition as owner of care home properties. We want to thank JLL and Avance for their great work during the autumn!”
Joonas Lemström, Country head, Finland, Nrep: “Urbanization is driving change also in the care segment and the significance of accessibility and quality of service will become more important. We want to be a part of the solution to challenges posed by increasing amount of ageing population in Finland and other Nordic countries. Modern premises and care properties that are designed to fulfil people’s needs create great grounds for an environment that promotes well-being.”
Antti Pelli, Senior Director, Capital Markets, JLL Finland: “We are thrilled to complete yet another landmark transaction with eQ. This deal continues to demonstrate the robust demand for healthcare assets, and that underlying fundamentals continue to support the asset class. The transaction is one of the biggest of 2023 in Finland in any asset class and I’m extremely proud of JLL’s unrivalled track record in the Healthcare segment. We want to thank and congratulate eQ and Nrep for a successful transaction.”
JLL acted as commercial advisor to eQ in the transaction. Avance Attorneys acted as legal advisor to eQ.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.