Northern Horizon continues to expand its healthcare portfolio via this Finnish transaction, which is the first addition to the new evergreen vehicle with current assets under management of close to €700m. A hesitant market in Finland over the last two years has created opportunities to evaluate off-market standing assets and to select the ones most suitable for the Fund’s strategy.
The deal includes two properties in Espoo and Lahti with a total lettable area of approximately 3,500 square meters. The Espoo asset is located in the Helsinki capital region and was completed in 2018. The second asset, located in Lahti, a regional hub among the largest growth centers in Finland, was completed in 2023.
The properties meet the high sustainability requirements set for the Fund’s portfolio, and both assets are operated by Attendo, the leading care provider in the Nordic region. The average remaining lease term is 13,5 years, and both are fully inflation-indexed on a yearly basis.
‘We are very satisfied with this deal, which aligns perfectly with our investment strategy. We have a significant pipeline, and we continue to look for opportunities,’ commented Jussi Rouhento, Fund Manager and Head of Finland.
After the transaction, Aged Care and Social Infrastructure Fund’s portfolio consists of 65 healthcare assets in Sweden and in Finland. The Finnish sub-portfolio comprises 43 assets. The total lettable area of the Finnish assets is 61,500 square meters. The assets are 100% occupied by a strong tenant mix, including Attendo, Mehiläinen, Esperi Care, and several public tenants with the blended sub-portfolio WAULT of approx. 10 years.
This acquisition underlines our ambition to be the leading Nordic investment manager in social infrastructure. There is a growing need for modern healthcare assets in our region, and we are seeing a lot of interest from international investors who are attracted by the strong market fundamentals with high growth potential, strong returns, and a very attractive risk profile. We are very optimistic about our continued expansion, added Christoffer Abramson, Group CEO, Northern Horizon.
For further information, please contact:
Jussi Rouhento, Fund Manager, Aged Care Social Infrastructure Fund
+358 405129577
jussi.rouhento@nh-cap.com
About Northern Horizon
Northern Horizon is an independent real estate investment manager that aims to deliver long-term value to investors, communities, and society through healthcare and other specialized real estate investment strategies.
With a track record of 160+ investments into care and senior housing assets since 2007, Northern Horizon has established itself as a leader in social infrastructure in the Nordics. Northern Horizon launched its fifth healthcare fund, Aged Care Social Infrastructure Fund, in 2024. The fund aims to invest in modern aged care homes and other social infra properties in Sweden, Finland, Norway, and Denmark.
www.nh-cap.com
About eQ Community Properties Fund
eQ Community Properties Fund is a real estate fund managed by the property investment team of eQ. The fund is the largest private social infrastructure owner and developer in Finland. Established in 2012, eQ Community Properties Fund invests in healthcare, service, and community properties in Finland. The properties are located in the capital region and selected growth centers.
