eQ Achieves Successful EUR 230 Million Refinancing for Commercial Properties Fund
Deal News | May 30, 2025 | EQ Varainhoito Oy
eQ Varainhoito Oy has completed a partial refinancing of its eQ Commercial Properties Fund, securing approximately EUR 230 million. This refinancing aligns with the fund's sustainability targets and extends the maturity of its loan portfolio while reducing financial expenses. The refinancing was completed with the participation of a syndicate of lenders, including prominent banks like Nordea, Danske Bank, and Swedbank. The eQ Commercial Properties Fund, established in 2014, is valued at EUR 1.0 billion and consists of 42 properties primarily located in Finland's Helsinki metropolitan area and growth regions. Jennifer Eloheimo, Head of Real Estate Investments at eQ, expressed satisfaction with the refinancing outcome, which supports the fund's strategy and offers a stable platform for continued value creation for investors.
Sectors
- Real Estate Investment
- Banking and Finance
Geography
- Finland – The eQ Commercial Properties Fund is based in Finland, with properties primarily located in the Helsinki metropolitan area and other growth regions.
Industry
- Real Estate Investment – The article focuses on the refinancing of a real estate investment fund, indicating its relevance to the real estate sector.
- Banking and Finance – The involvement of banks such as Nordea, Danske Bank, and Swedbank in the refinancing indicates the relevance of the banking and finance sector to the article.
Financials
- EUR 230 million – The amount secured in refinancing for the eQ Commercial Properties Fund.
- EUR 453 million – The total debt of the fund as of 31 March 2025.
- EUR 1.0 billion – The value of eQ Commercial Properties Fund's real estate assets as of March 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| eQ Varainhoito Oy | PE Firm | Company | eQ Varainhoito Oy is the private equity firm responsible for the eQ Commercial Properties Fund. |
| eQ Commercial Properties Fund (AIF) | Target Company | Company | An investment fund managed by eQ Varainhoito Oy, focused on real estate properties in Finland. |
| Nordea Bank | Lender | Company | One of the banks providing funds in the refinancing deal of the eQ Commercial Properties Fund. |
| Danske Bank | Lender | Company | One of the banks in the lending syndicate for the eQ Commercial Properties Fund refinancing. |
| Swedbank | Lender | Company | Part of the lending syndicate for the refinancing of the eQ Commercial Properties Fund. |
| Aktia Bank | Lender | Company | Another lending participant in the refinancing of the eQ Commercial Properties Fund. |
| LocalTapiola | Lender | Company | Included in the syndicate of lenders for the refinancing deal. |
| Jennifer Eloheimo | Head of Real Estate Investments | Person | Jennifer Eloheimo provided comments on behalf of eQ regarding the refinancing outcome. |