eQ Community Properties Fund has sold two prime hospital properties to Niam.
News release
05 July 2024
JLL advised eQ on the sale of two prime hospital properties in Helsinki
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Saukonpaadenranta 2 is an imposing ocean-front property in Jätkäsaari anchored by market leading private cancer hospital Docrates. Bulevardi 22 is a historical, yet fully modernized, landmark building in Helsinki CBD with one of the country’s largest private healthcare service providers, Mehiläinen, as the main occupier. The combined lettable area of the properties is ca. 12,000 sq m.
Jennifer Eloheimo, Investment Director, eQ Community Properties Fund: “These assets were among the first acquired by the fund within the hospital / health services segment and this transaction showcases the robust investor demand towards it. Niam is an esteemed investor and the assets will find a good home with them.”
Antti Muilu, Country Manager, Niam: “With this transaction, Niam significantly expands its presence in the social and healthcare sector. These properties are well located in good micro-locations and provide a strong foundation for growing our operations. Furthermore, investments to this sector align well with our ESG approach”
Antti Pelli, Senior Director, Capital Markets, JLL Finland: “We are extremely delighted to get this transaction over the finish line with eQ. Investor demand for healthcare assets remains robust as the sector continues to demonstrate resilience despite economic cycles. I’m extremely proud to add yet another tombstone to JLL’s impressive track record in the Healthcare segment. We want to thank and congratulate eQ and Niam for a successful transaction.”
JLL acted as commercial advisor to eQ in the transaction. Castren Snellman 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 108,000 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.