Healthcare II to build a nursing home in Lahti

Northern Horizon Capital’s Healthcare II –fund made its latest acquisition signing an agreement to build a nursing home in Lahti, 100 km north of Helsinki. The tenant will be Mainio Vire, a large service provider in the Finnish care sector.

Healthcare II and construction company Lemminkäinen have today signed an agreement to build a nursing home for 64 elderly people in Lahti. Lahti is the ninth most populous city in Finland with just above 100 000 inhabitants. The nursing home will be located within walking distance from the city center, in a peaceful environment next to a large park. Lemminkäinen will start the construction work in March this year, and the building will be completed in January 2016.

Healthcare II is Northern Horizon’s second fund investing in the Finnish healthcare real estate sector. Thus far the fund has already signed and closed several transactions and the fund is looking to grow its portfolio further in the coming months. Healthcare II remains open for further investors.

For further information please contact:

Mr. Jussi Rouhento, Head of Finland &
Fund Manager Healthcare II
Tel: +358 40 512 9577,

Mr. Andreas Michelsson, Co-Fund Manager Healthcare II
Tel: +358 40 703 3445,