We are very glad to see that our hard work in the ESG space is been recognized. GRESB provides a strong framework to develop a holistic sustainability approach for our funds. Participation in this benchmark enables us to work in a structured way to improve our ESG performance. We continue focusing on environmental certifications, energy audits and tenant dialogue, and have enhanced ESG reporting.

Nordic Aged Care Fund participates in this programme since 2018 and has gradually improved GRESB score every year. In 2020 we saw a strong improvement in our performance and crossed the threshold to 3-star level. We continue focusing on ESG strategy going forward and believe that these efforts will continue show in GRESB rating of the Nordic Aged Care Fund going forward,” notes Riikka Moreau, Fund Manager of Nordic Aged Care Fund.


Mission-driven and investor-led, GRESB is the environmental, social and governance (ESG) benchmark for real assets. GRESB works in collaboration with the industry to provide standardized and validated ESG data to the capital markets. The 2019 real estate benchmark covers more than 1,000 property companies, real estate investment trusts (REITs), funds, and developers. Our coverage for infrastructure includes 500 infrastructure funds and assets. Combined, GRESB represents over $4 trillion in real asset value. More than 100 institutional investors, with over $22 trillion AUM, use GRESB data to monitor their investments, engage with their managers, and make decisions that lead to a more sustainable real asset industry. More information can be found at https://gresb.com/.

About the Nordic Aged Care Fund

Nordic Aged Care was launched in 2016 and it is Northern Horizon’s third specialized care home fund. The Fund helps the Nordic countries meet the challenge of a rapidly ageing population by funding the development of modern and high-quality care homes leased to leading public and private care operators on long lease contracts. The Fund has a target of €600 million gross asset value upon full deployment.

About Northern Horizon

Northern Horizon is an independent real assets investment manager with a focus on specialized strategies in Northern Europe. Northern Horizon has since 2007 developed and acquired more than 100 care homes for the total value of circa €800 million across four institutional care home funds. Northern Horizon currently manages three real estate funds and one separate account mandate for leading European institutional investors. The firm employs approx. 40 professionals in its offices in Copenhagen, Helsinki, Stockholm, Berlin, Vilnius and Tallinn.