eQ Community Properties Fund’s €700 Million Green Sustainable Financing

Krogerus advised eQ Community Properties Fund on the deal. Castrén & Snellman advised the nordic financier consortium including Nordea, as the co-ordinator, Aktia, Danske Bank and Swedbank Special.

Special Investment Fund eQ Community Properties Fund has agreed on a significant financing package with a Nordic financier consortium. The existing financing was replaced and the notable growth potential of the fund was secured for years to come. Sustainability is a central aspect in the fund’s operating model and hence the entire loan is classified as green sustainable financing.

The signed financing arrangement enables a 700 million euro financing, out of which the main part is committed loans and part is accordion financing. The financiers include Nordea, as the co-ordinator, Aktia, Danske Bank and Swedbank. At the end of September the Fund’s debt capital was 360 million euro. The aim is to diversify the financing base going forward.

eQ Group is a Finnish group of companies specialising 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 Krogerus team was led by Partner Heidi Kivenjuuri (Picture) and she was primarily assisted by Associates Hanna Kim and Risto Mynttinen.

The Castrén & Snellman team included Tero Tuomisto, Ella Sivonen, Pauliina Heikkonen and Topi Leinonen.

Involved fees earner: Ella Sivonen – Castrén & Snellman; Tero Tuomisto – Castrén & Snellman; Hanna Kim – Krogerus Attorneys Ltd; Heidi Kivenjuuri – Krogerus Attorneys Ltd; Risto Mynttinen – Krogerus Attorneys Ltd;

Law Firms: Castrén & Snellman; Krogerus Attorneys Ltd;

Clients: Aktia Bank; Danske Bank; eQ Community Properties Fund; Nordea Bank AB; Swedbank;

Federica Tiefenthaler

Author: Federica Tiefenthaler