Northern Horizon specializes in healthcare and other specialized investment strategies in Northern Europe. ‘Aged Care Fund IV’ helps the Nordic countries meet the challenge of a rapidly ageing population by funding the development of modern and high-quality care homes and healthcare assets.
The 1,585 sqm preschool was completed in April 2022. It has a capacity of 120 children and is located in Skurup in the metropolitan area of Malmö which is the third biggest city in Sweden.
The preschool will be operated and leased on a long-term basis – 20 years – by Skurup Municipality.
We are excited to include the Skurup preschool in our portfolio of healthcare assets. ‘Aged Care Fund IV’ has already invested in several care homes in the Nordics. Investing into preschools offers attractive diversification benefits and is also an exciting opportunity for us to bring into play our social infrastructure capabilities in a healthcare asset class that is new to us, says Jonas Nolin, Investment Director, Northern Horizon Sweden.
Arctic Securities has advised Northern Horizon on the deal. Widehov Konsult AB is the advisor for the seller, HC Lindskog Holding AB.
About Northern Horizon
Northern Horizon is an independent real asset manager with a strategic focus on the elderly care sector in the Nordic region. Since 2007, Northern Horizon has acquired more than 120 care homes across the Nordics. Northern Horizon manages real estate funds and separate accounts with over EUR 1b in assets for leading European financial institutions and private wealth capital including pension funds, insurance companies, banks, asset managers, corporate investors, charity foundations and family offices.
About Aged Care Fund IV
Nordic Aged Care Fund IV was launched in 2020. The fund is Northern Horizon’s fourth specialized care home fund. The Fund’s strategy is to acquire modern aged care assets across the Nordics which are let on long-term leases to strong private or public sector operators. In January 2022, a closing in excess of EUR 200m of capital commitments was announced The fundraising continues with a target commitment of EUR 400m enabling EUR 800m of investment capacity.
