Nordic Aged Care Fund

Nordic Aged Care Fund is a direct real estate investment fund investing in care homes for the elderly and similar residential care assets in Sweden and Finland. The fund strategy is based on a strong megatrend of the ageing population in the Nordic markets.

The fund is directed at institutional investors and other professional investors only.

In 2021, the fund successfully completed the investment phase and has committed to 63 modern care assets in Nordics. The Fund is not involved in the provision of care. Premises are leased to private and public care operators.

Highlights

2018

Vintage year

300M Eur

Target commitments

100%

Committed equity

63

Assets

Fund facts

  • Fund name

    Nordic Aged Care

  • Fund structure

    Non-public closed-ended
    Luxembourg SCSp SICAV-SIF

  • Fund status

    Closed for new subscriptions

  • Investment profile

    Core/Core-Plus
    Aged Care properties in the Nordics

  • Equity

    Final closing held at EUR 300 million

  • Vintage year

    2018 (final close)

  • Fund term

    2024

  • Number of properties

    63

  • Total portfolio size

    156 000 m2

  • Country allocation

    Sweden, Finland
    Max. 70% in each country

  • Sector allocation

    100% care assets

Asset portfolio

Investments by country

32%

Sweden

68%

Finland

Assets

Browse the fund's assets or select asset gallery for more options.

Humana Växjö

  • Växjö, Sweden
  • 72
  • Elderly
  • 5564 m2
  • 2019
  • LEED Platinum

Ambea Tierp

  • Tierp, Sweden
  • 57
  • Elderly
  • 3737 m2
  • 2021
  • LEED Gold

Ambea Nya Hovås

  • Göteborg, Sweden
  • 51
  • Elderly
  • 4206 m2
  • 2019
  • LEED Gold

Ambea Laholm

  • Laholm, Sweden
  • 60
  • Elderly
  • 4264 m2
  • 2020
  • SGBC Bronze

Esperi Saga Lahti

  • Lahti, Finland
  • 96
  • Elderly
  • 4100 m2
  • 2020
  • LEED Silver

Ambea Helsingborg

  • Helsingborg, Sweden
  • 108
  • Elderly
  • 7343 m2
  • 2021
  • LEED Gold

Ambea Brandbergen

  • Haninge, Sweden
  • 78
  • Elderly
  • 5656 m2
  • 2020
  • SGBC Silver

Motala Municipality

  • Motala, Sweden
  • 40
  • Elderly
  • 3678 m2
  • 2017
  • SGBC Silver

Ambea Angered

  • Göteborg, Sweden
  • 72
  • Elderly
  • 5300 m2
  • 2020
  • LEED Gold

Kristianstad Municipality

  • Kristianstad, Sweden
  • 54
  • Elderly
  • 3584 m2
  • 2017
  • LEED Gold

Sustainability aspects

The value proposition of Nordic Aged Care Fund is a potential for long-term capital growth and a commitment to meet the challenge of a rapidly ageing population in the Nordics by funding the development of modern and high-quality care homes. As such, ESG is embedded in the investment objectives of the fund.

Environmental responsibility and ESG measures are also a key part of the investment selection process. As a result, we have built a large portfolio of modern aged care facilities that are well-positioned to meet ever increasing sustainability requirements of the future.

For more information about the fund's sustainability performance, please contact the fund management.

It is an important milestone for us to have completed the investment phase of the fund. A key priority in the investment phase has been to secure investments that are ready to meet future sustainability challenges.

Fund management

Humana Växjö

Investment case

Humana Södra Växjö is an elderly care home in Växjö, Sweden, offering residential care for some 72 persons. Skanska has developed the building, and Humana operates the care home under a 15-year lease agreement.

Reporting and
assessment

SFDR disclosure

Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector (“SFDR”).

GRESB
assessment

Nordic Aged Care Fund

2022 Real Estate Assessment

Nordic Aged Care Fund achieved 85 out of a possible 100 points.

Fund management

Nordic Aged Care Fund is managed by a team with extensive experience from Nordic healthcare real
estate investments. The investment team is based in Stockholm, Helsinki, and Copenhagen.