eQ Community Properties Fund has sold two prime education properties in Helsinki Metropolitan Area to Public Property Invest ASA for EUR 37,1 million.
News release
13 January 2025
JLL advised eQ on the sale of two prime education properties
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The two adjacent properties are located in the bustling Otaniemi district, between Aalto University Campus and Keilaniemi HQ area. The buildings are home to two elementary schools and a preschool operated by the City of Espoo. The combined lettable area of the properties is ca. 10,000 sq m.
Jennifer Eloheimo, Investment Director, eQ Community Properties Fund: This transaction provides concrete evidence that public use properties in good locations have robust investor demand even under current market conditions with limited liquidity. We want to thank PPI for good cooperation, and it is great to have a new well-established investor in the Finnish public property segment. We also want to thank JLL for assisting us again in this transaction.
Ilija Batljan, CIO, Public Property Invest: PPI’s strategy is to grow by being a leading consolidator of social infrastructure properties in the Nordics. These school properties are very attractively located in Espoo, which is the second largest and fastest growing city in Finland. The properties are located in the university area Otaniemi, adjacent to the Aalto University which is one of the leading universities in Finland. This transaction marks a very attractive entry into the Finnish market
Antti Pelli, Senior Director, Capital Markets, JLL Finland: We are extremely grateful to eQ for the continued trust in JLL in advising on this transaction. We are also very happy to be introducing a new investor to the Finnish market. JLL conducted an extensive marketing process, and the assets raised a lot of interest among domestic and international investors, and we are happy to be delivering outstanding results to our client. We want to congratulate both the seller and the buyer on a successful transaction.
JLL acted as commercial advisor to eQ in the transaction. Avance 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 111,000 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.