Borenius advised Mandatum Life in the sale of Sato Headquarters to eQ Fund
We advised Mandatum Life in the sale of Kiinteistö Oy Panuntie 4 (MREC) to Erikoissijoitusrahasto eQ Liikekiinteistöt, a non-UCITS fund managed by eQ Asset Management. Kiinteistö Oy Panuntie 4 owns a property in Käpylä, Helsinki, containing a building leased to Sato Oyj and used as Sato Oyj’s headquarters. The building completed in 2002 includes 6 office floors and two floors of underground parking, having a gross floor area of over 13,000 square meters altogether.
Mandatum Life is one of Finland’s most respected and solvent financial services providers belonging to the Sampo Group. Mandatum Life provides a variety of services, including wealth management, investments, savings, personal risk insurance as well as incentive and reward solutions. Mandatum Life has an estimated 250,000 private and 25,000 corporate customers, and in addition to Finland, it operates in the Baltic countries.
eQ Asset Management is part of the eQ Group 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 assets managed by the Group total approximately EUR 7.8 billion.
SATO is a leading Finnish housing investment company offering comprehensive alternatives in rental housing and holding roughly 24,400 rental homes in Finland’s largest urban growth centres and in St Petersburg. Sato’s investment assets have a value of approximately EUR 2.7 billion.