30.05.2025
eQ Commercial Properties Fund (AIF) has agreed on a significant long-term refinancing of approximately EUR 230 million. Refinancing has enabled the maturity extension of its loan portfolio and reduced running finance expenses. The Fund meets the sustainability targets set out in the loan agreement.
"We are very pleased with the outcome of the refinancing and we would like to extend our thanks to all parties involved in this arrangement. This refinancing creates a strong backbone for continuing the execution of the Fund's strategy and ongoing value creation for investors. The return of the eQ Commercial Properties Fund turned positive during the first quarter and with this successful refinancing the foundation is in place to continue with the Fund's favorable development," comments Jennifer Eloheimo, Head of Real Estate Investments at eQ.
The refinancing was conducted with a syndicate of lenders consisting of Nordea Bank, Danske Bank, Swedbank, Aktia Bank and LocalTapiola. The fund had debt of EUR 453 million as of 31 March 2025.
eQ Commercial Properties Fund (AIF) was established in 2014. The Fund’s real estate assets were EUR 1.0 billion at the end of March 2025 and consisted of 42 properties. The Fund is one of the largest special investment funds in Finland. The properties are located in Helsinki metropolitan area and in other selected growth areas.
"We are very pleased with the outcome of the refinancing and we would like to extend our thanks to all parties involved in this arrangement. This refinancing creates a strong backbone for continuing the execution of the Fund's strategy and ongoing value creation for investors. The return of the eQ Commercial Properties Fund turned positive during the first quarter and with this successful refinancing the foundation is in place to continue with the Fund's favorable development," comments Jennifer Eloheimo, Head of Real Estate Investments at eQ.
The refinancing was conducted with a syndicate of lenders consisting of Nordea Bank, Danske Bank, Swedbank, Aktia Bank and LocalTapiola. The fund had debt of EUR 453 million as of 31 March 2025.
eQ Commercial Properties Fund (AIF) was established in 2014. The Fund’s real estate assets were EUR 1.0 billion at the end of March 2025 and consisted of 42 properties. The Fund is one of the largest special investment funds in Finland. The properties are located in Helsinki metropolitan area and in other selected growth areas.
