Press release
11 March 2024 at 11:30 am
eQ Commercial Properties Fund has rearranged the maturing senior loans and bond financings in late 2023 and early 2024. The existing bond was repaid in full in two instalments, in January and March 2024. All current senior lenders remain as financiers and, in addition, the fund got two new long-term senior financiers with an aggregate loan amount exceeding EUR 100 million. Today the fund has EUR 560 million of senior loans in total and all of that is green or sustainability-linked financing.
“The magnitude and sustainability aspects of the completed arrangement are significant in the real estate sector. The arrangement facilitates an efficient and optimal financial planning and execution for eQ Commercial Properties Fund. The fund will continue to decrease its leverage ratio.”
eQ Commercial Properties Fund invests in Finnish retail and office real estate.
Helsinki 11 March 2024
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 specializing 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 12.9 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.
