eQ Community Properties Fund – Acquisition of Seinäjoen Myllypuistokoti and Seinäjoen Asematalo

We advised eQ Community Properties Fund in two separate transactions whereby it acquired the shares in two real estate companies: the shares in Kiinteistö Oy Seinäjoen Myllypuistokoti from the city of Seinäjoki and the shares in Kiinteistö Oy Seinäjoen Asematalo from YIT Finland Ltd.

Kiinteistö Oy Seinäjoen Myllypuistokoti owns social welfare and healthcare buildings in the city of Seinäjoki as well as all the shares in the real estate company Kiinteistö Oy Seinäjoen Aallokko. As a part of the transaction concerning the shares of Kiinteistö Oy Seinäjoen Myllypuistokoti, it was agreed that a new family service centre is to be constructed on a lot to be owned by Kiinteistö Oy Aallokko. Furthermore, as a part of the transaction concerning the shares in Kiinteistö Oy Seinäjoen Asematalo, it was agreed that an office building will be constructed on the lot possessed by said real estate company. The primary users of the new premises will be the city of Seinäjoki and the wellbeing services county of South Ostrobothnia.

The office and business premises to be constructed amount to approximately 18,000 m2. Both sites are estimated to be completed by the end of 2024.