Northern Horizon acquires newly converted 80-bed care asset in prime location in Helsinki, Finland

Following a busy spring on the asset acquisitions front, Northern Horizon, the leading specialized social infrastructure asset manager in the Nordics, has signed another transaction in Helsinki, Finland, for its Aged Care Social Infrastructure Fund. A converted and fully renovated asset has been acquired from Schroder Real Estate Kapitalvervaltungsgesellchaft MBH. The asset includes 80 modern care beds for elderly and disabled residents and is located in one of the most attractive residential areas in Helsinki. The acquisition is expected to be completed during August.

Press release
10 Jul 2026

The BREEAM In-USE Excellent certified asset in Helsinki, Finland

Aged Care Social Infrastructure Fund is committed to addressing the massive shortage of modern care homes and similar social infrastructure in the Nordic countries. ACSIF is backed by a growing international institutional investor base, and after several successful fundraising rounds over the past year, its portfolio has grown significantly, now exceeding 90 assets across Finland, Denmark, and Sweden.

The new transaction in Finland includes a newly converted property totaling approx. 4,500 m2 located in the Meilahti-Munkkiniemi-Töölö area. Once serving as the headquarters of the Finnish care provider Mehiläinen Oy, the property has undergone an extensive conversion in 2025-2026, and now offers 80 new, high-quality care beds, of which 63 are designed for elderly care and 17 for disabled individuals. The care facilities are let to Mehiläinen. The property also includes retail space which will be let to a gym operator, and a parking hall with parking facilities, partially let to Aimo Park Finland Oy. The combined WAULT is approx. 15 years.

“We are very pleased to have secured this asset for our portfolio and to extend our long-standing and close relationship with Mehiläinen. The elderly population in Helsinki is growing, and together, we are able to help meet the increased demand for modern care premises in the city. Furthermore, the location, in one of Helsinki’s most sought-after residential areas, is exceptional, which is also reflected in a strong interest not only from residents but also from care staff,” commented Jannika Kankare, Partner and Investment Director in Finland.

The main ESG improvements in the conversion are the installation of solar panels, modern building automation, LED lighting and EV charging stations, preparing the way for a BREEAM In-Use Excellent certification. The asset holds an EPC certification rated B.

Commenting on the property’s improved ESG features, Jannika Kankare added:

“For our investors, ESG criteria have become an increasingly critical measure of long-term value, making ESG a core element of our investment approach. The asset has been certified BREEAM In-Use Excellent and it expected to be EU Taxonomy-aligned, two priorities that are highly important to us.”

Northern Horizon has been advised by Krogerus, Sustera and PwC in the transaction.

Jannika Kankare
Partner, Investment Director, Finland
jannika.kankare@nh-cap.com
+358 (0)40 833 2321

About Northern Horizon

Northern Horizon delivers long-term value to investors, partners, and society through responsible real estate investments in healthcare and social infrastructure.

Northern Horizon has 20 years of expertise in healthcare and social infrastructure real estate in the Nordics and has established itself as a regional leader. Northern Horizon launched its fifth healthcare fund, Aged Care Social Infrastructure Fund, in 2024. ACSIF is an evergreen fund that invests in new, modern care facilities and other social infrastructure assets in Sweden, Finland, Norway, and Denmark.

Contact us

For more information, please contact:

Jannika Kankare

Partner, Investment Director
- helsinki@nh-cap.com
- +358 (0)40 833 2321

More news about Northern Horizon

Press release

Northern Horizon acquires development project comprising a 96-bed care home and 16 separate senior housing units in Munkebo

Northern Horizon, leading specialized social infrastructure asset manager in the Nordics, is further strengthening its position in Denmark through the acquisition of an attractive development project in Kerteminde Municipality for its latest fund, the Aged Care Social Infrastructure Fund (ACSIF). The project comprises a new care home and 16 separate senior living units, with a transaction value exceeding DKK 300 million. The seller is Skjøde.

07 Jul 2026

Press release

Northern Horizon completes EUR 130m of acquisitions in essential social infrastructure assets

Northern Horizon, the leading specialized social infrastructure asset manager in the Nordics, announces the completion of EUR 130 million of acquisitions in social infrastructure assets across its three core markets, Sweden, Denmark, and Finland. In six individual off-market deals, six assets have been acquired on behalf of its flagship Aged Care Social Infrastructure Fund (ACSIF). The Fund invests in essential social infrastructure assets in the Nordics with long-term, stable cashflows.

26 Jun 2026

Press release

Northern Horizon announces second fund raise in Q1 2026 and targets continued growth

Northern Horizon, the leading specialized social infrastructure investment manager in the Nordics, closed the first quarter of 2026 with another funding round of approx. EUR 100 million for its flagship evergreen platform, Aged Care Social Infrastructure Fund (ACSIF). The new equity is raised from MN on behalf of PME, a large Dutch pension manager. This combined with the commitment from MN’s other client PMT of EUR 100 million, meant that Northern Horizon closed out EUR 200 million of new equity for ACSIF in the first quarter of 2026 from MN. Further top ups were made also from existing clients.

22 Apr 2026

Press release

Northern Horizon expands its portfolio of modern care assets in Finland through three forward-funding deals

Northern Horizon, the leading specialized social infrastructure asset manager in the Nordics, continues its impact-driven efforts to deliver modern care facilities to the undersupplied Nordic markets. Over the past two months, three separate acquisitions in Finland have been completed, all forward funding deals, representing a total transaction value of approximately EUR 28 million. All three deals have been completed for Aged Care Social Infrastructure Fund (ACSIF), Northern Horizon’s evergreen healthcare fund which is backed by a growing international institutional investor base. Northern Horizon’s Investment Director in Finland expects more acquisitions for ACSIF soon.

20 Apr 2026

Thought leadership

SHHA senior housing and healthcare real estate market report MIPIM 2026

2026 special report from SHHA, focusing on the senior housing and healthcare real estate market across Europe.

24 Mar 2026

Press release

Northern Horizon secures new equity commitments of EUR 140 million and invests in Nordic social infrastructure assets

Northern Horizon, the leading specialized social infrastructure investment manager in the Nordics, has completed an additional capital raise of EUR 140 million for its flagship ACSIF fund. With the new equity from MN, on behalf of PMT, and from UBS Asset Management, ACSIF surpasses EUR 1 billion in assets under management. The new equity will be used to finance a large portfolio acquisition in Sweden and to support the execution of an exceptionally robust pipeline in all its core markets.

05 Mar 2026

Announcement

Northern Horizon has changed its ownership structure and introduces its new partner group

Northern Horizon today announced a change in its ownership structure, introducing a partnership model.

15 Jan 2026

Press release

Northern Horizon expands its portfolio of care assets in Finland with three acquisitions in key cities

Northern Horizon, the leading specialized social infrastructure asset manager in the Nordics, continues to deploy capital to help meet the growing demand for modern care facilities in the region. Over the past month, three new acquisitions for its latest healthcare fund have been completed in Finland, comprising 132 modern, purpose-built care beds in total. Northern Horizon’s Investment Director in Finland expects a high deal volume in 2026.

16 Dec 2025

Interview

Keynote interview: Investors eye Nordic social infrastructure for growth, impact

In this keynote interview conducted by PERE, Northern Horizon’s Christoffer Abramson and Andrew Smith discuss the evolving social infrastructure real estate landscape in the Nordics. In the interview, they delve into various aspects of the investment case: the rapidly growing elderly population, the strong government support for aged care, and the development and realization of new, modern aged-care facilities in the Nordics, which is typically a complex process involving close collaboration between the municipality, the developer, the operator, and the facility provider.

08 Dec 2025

Case story

A purpose-built, forward-looking social infrastructure asset designed to connect generations

Located in the southern part of Jutland, Kolding Municipality is one of many municipalities in Denmark facing a growing elderly population and an urgent need for new aged care beds. The municipality decided a few years ago to establish an additional 170 care beds over a period of 4–5 years, as a combination of municipal and private care facilities. This paved the way for the design and construction of a new asset in Kolding, that today houses Mariehjemmene Kolding, the first private care home in the municipality, and KLAX kindergarten.<br />

03 Nov 2025