Nordic Aged Care
CLOSED
Nordic Aged Care is a direct real estate investment fund investing in care homes for the elderly and similar residential care assets in Sweden, Finland, Norway and Denmark.
As its predecessors Healthcare I and Healthcare II, Nordic Aged Care presents an attractive opportunity to capitalize on the long-term structural demand-supply imbalance for aged care facilities in the Nordic region.
Investment strategy
The Fund targets residential care properties for the growing elderly population of the Nordic region. Nordic Aged Care expects to acquire a mix of new-build assets, existing assets and assets for conversion. The Fund will not be involved in the provision of care, but will rather lease the premises to private and public care operators.
The strategy is core plus with a focus on stable income, derived from long term leases with creditworthy tenants.
Structure
Nordic Aged Care is structured as a closed-ended Luxembourg S.C.Sp. SICAV-SIF.
- Strong underlying demographic trend in the Nordic region.
- Demand for suitable healthcare assets growing faster than supply.
- Healthcare I and Healthcare II have validated the high potential in the healthcare real estate sector.
- Cash flow-oriented strategy focused on annual revenues over capital appreciation.
For more information please contact the fund management.
Facts
| KEY FUND FEATURES | |
| Fund name | Nordic Aged Care |
| AIFM | Northern Horizon Capital AIFM Oy |
| Investment profile | Residential care properties for the elderly in the Nordics |
| Fund type | Closed-end, unlisted |
| Legal structure | Closed-ended Luxembourg S.C.Sp –SICAV-SIF |
| Fund administrator | Pandomus S.A. |
| Fund depositary | ING Luxembourg S.A. |
| INVESTMENT TARGETS | |
| Equity | Final closing held at EUR 300 million |
| Sector allocation | 100 % healthcare assets |
| Country allocation | Sweden, Finland, Norway, Denmark. Max. 60% in each country |
| PORTFOLIO | |
| Number of properties | 53 |
| Total portfolio size | ~111 900 sq. m. |
Holdings
Property Sector Country City Aquired
Property Lempäälän Hopeakanavankatu Sector Healthcare Country Finland City Lempäälä Aquired 23/05/2019 Property Villa Hovås Sector Healthcare Country Sweden City Gothenburg Aquired 11/12/2019 Property Villa Siggbo Sector Healthcare Country Sweden City Tierp Aquired Property Saga Palvelutalo Salpalinna Sector Healthcare Country Finland City Lahti Aquired Property Mehiläinen Mainiokoti Otava Sector Healthcare Country Finland City Salo Aquired 20/12/2019 Property Mehiläinen Omakoti Polkka Sector Healthcare Country Finland City Hyvinkää Aquired 20/12/2019 Property Helsingborg Nyponrosen Sector Healthcare Country Sweden City Helsingborg Aquired 28/09/2018 Property Attendo Lassila Sector Healthcare Country Finland City Helsinki Aquired 15/05/2019 Property Attendo Sepänrinne Sector Healthcare Country Finland City Kirkkonummi Aquired 26/09/2019 Property Båtsmansgatans trygghetsboende Sector Healthcare Country Sweden City Motala Aquired 30/09/2019 Property Sandlyckans gruppboende Sector Healthcare Country Sweden City Kungsbacka Aquired 28/06/2019 Property Sandlyckans förskola Sector Healthcare Country Sweden City Kungsbacka Aquired 28/06/2019 Property Sandlyckans Vård och Omsorgsboende Sector Healthcare Country Sweden City Kungsbacka Aquired 28/06/2019 Property Villa Ekeberg Sector Healthcare Country Sweden City Gothenburg Aquired 26/03/2019 Property Humana Södra Järnvägsgatan i Växjö Sector Healthcare Country Sweden City Växjö Aquired 31/01/2019 Property Attendo Bergsmansgatan Sector Healthcare Country Sweden City Sala Aquired 05/09/2018 Property Vetrea Kotka Sector Healthcare Country Finland City Kotka Aquired 31/01/2019 Property Mainiokoti Arwola Sector Healthcare Country Finland City Akaa Aquired 05/12/2018 Property Villa Kruunu Sector Healthcare Country Finland City Varkaus Aquired 05/12/2018 Property Villa Luoto Sector Healthcare Country Finland City Pori Aquired 05/11/2018 Property Attendo Vuolinko Sector Healthcare Country Finland City Mikkeli Aquired 24/08/2018 Property Attendo Regementsgatan äldreboende Sector Healthcare Country Sweden City Visby Aquired 20/06/2018 Property Attendo Sandbyhov äldreboende Sector Healthcare Country Sweden City Norrköping Aquired 09/04/2017 Property Regalskeppsvägens äldreboende Sector Healthcare Country Sweden City Enköping Aquired 18/04/2017 Property Villa Havsglimt Sector Healthcare Country Sweden City Laholm Aquired 29/06/2018 Property Attendo Kajaanin Aalto Sector Healthcare Country Finland City Kajaani Aquired 04/05/2018 Property Attendo Lahti Aalto Sector Healthcare Country Finland City Lahti Aquired 04/05/2018 Property Attendo Koivula hoivakoti Sector Healthcare Country Finland City Turku Aquired 04/05/2018 Property Mainiokoti Savilahti Sector Healthcare Country Finland City Hamina Aquired 18/04/2018 Property Villa Pukkilanhovi Sector Healthcare Country Finland City Kauhava Aquired 18/04/2018 Property Attendo Kokkolan Aalto Sector Healthcare Country Finland City Kokkola Aquired 28/03/2018 Property Attendo Joensuun Aalto Sector Healthcare Country Finland City Joensuu Aquired 28/03/2018 Property Päiväkoti Onni Sector Healthcare Country Finland City Akaa Aquired 13/12/2017 Property Aapin päiväkoti Sector Healthcare Country Finland City Liminka Aquired 13/12/2017 Property Attendo Porlamminloiste Sector Healthcare Country Finland City Lapinjärvi Aquired 20/10/2017 Property Saimaanharjun Palvelukeskus Sector Healthcare Country Finland City Mikkeli Aquired 28/03/2018 Property Villa Komiakulma Sector Healthcare Country Finland City Seinäjoki Aquired 07/03/2017 Property Attendo TampereenAalto Sector Healthcare Country Finland City Tampere Aquired 24/04/2017 Property Esperi Hoivakoti Edit Sector Healthcare Country Finland City Pietarsaari Aquired 13/12/2017 Property Esperi Hoivakoti Haapahovi Sector Healthcare Country Finland City Viitasaari Aquired 13/12/2017 Property Esperi Hoivakoti Omenapuisto Sector Healthcare Country Finland City Salo Aquired 13/12/2017 Property Esperi Hoivakoti Iiris Sector Healthcare Country Finland City Nokia Aquired 13/12/2017 Property Esperi Hoivakoti Rautuhovi Sector Healthcare Country Finland City Mäntyharju Aquired 13/12/2017 Property Esperi Hoivakoti Kiekerö Sector Healthcare Country Finland City Kemijärvi Aquired 13/12/2017 Property Esperi Hoivakoti Amos Sector Healthcare Country Finland City Kemiönsaari Aquired 13/12/2017 Property Esperi Hoivakoti Kellokas Sector Healthcare Country Finland City Sodankylä Aquired 13/12/2017 Property Attendo Kuunari hoivakoti Sector Healthcare Country Finland City Kemi Aquired 27/02/2018 Property Attendo Naava Sector Healthcare Country Finland City Kauhajoki Aquired 27/02/2018 Property Mainiokoti Elli Sector Healthcare Country Finland City Joensuu Aquired 13/12/2017 Property Sommarlustvägen Sector Healthcare Country Sweden City Kristianstad Aquired 27/09/2017 Property Attendo Lehtola palvelukoti Sector Healthcare Country Finland City Kouvola Aquired 13/12/2017 Property Attendo Jooseppi hoivakoti Sector Healthcare Country Finland City Riihimäki Aquired 13/12/2017 Property Attendo Justiina palvelukoti Sector Healthcare Country Finland City Riihimäki Aquired 13/12/2017Nordic Aged Care Fund achieves a 3-stars GRESB rating
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