Following two successful fundraising rounds in Q1 2026, the focus of the investment team has been on executing against an exceptionally attractive pipeline and converting opportunities into investments. Six individual transactions have been completed, totaling 370 care beds and (up to) 28 senior housing units:

  • In Sweden, two major transactions have been completed. A new care home in Gävle with 80 care beds has been acquired from KIAB, Norrviken and SEHED Invest in a forward purchase deal. Also in Sweden, a standing aged care home in Strängnäs with 100 care beds has been acquired from Humana and SBB.
  • In Finland, a 34-bed aged care home under construction in Vaasa has been acquired from Huhti Palvelukiinteistöt Oy.
  • In Denmark, three notable transactions have been completed for ACSIF. In Vallensbaek, a Copenhagen suburb, a hybrid asset, combining a 48-bed care home and 16 senior housing units, has been acquired from SPD. In Soevind, a small community close to Horsens, Denmark’s seventh-largest city, a smaller psychiatric care asset under construction has been acquired from OK-Fonden and SLK Aarhus A/S. And most recently, a new 88-bed care home in Nivaa, situated North of Copenhagen, has been acquired from MT Højgaard in a forward purchase deal. The care home expected to be completed in 2028. The development project also includes 12 senior housing units, still pending planning approval.

All the new investments either hold a sustainability certification today or are, upon completion, projected to achieve certification. This aligns with the Fund’s ESG targets for new investments, which stipulate at least BREEAM Very Good or an equivalent local standard such as LEED, DGNB, Swan Label or Miljöbyggnad.

“The investments exemplify the type of opportunities we continue to pursue for ACSIF. We prioritize newly built properties and development projects in attractive locations within key cities where demand for care beds will continue to exceed supply for many years to come. Furthermore, all assets are held to high ESG standards, which are integral to our investment approach and increasingly valued by our institutional investors as they seek sustainable, resilient portfolios,” commented Jonas Nolin, Partner and Investment Director in Sweden.

The strong ESG standards, combined with ongoing efforts to improve efficiency and reduce the environmental impact of the buildings in ACSIF portfolio, contributed to the Fund being recognized as a GRESB 2025 Global Sector Leader by the Global Real Estate Sustainability Benchmark (GRESB). More details about the Fund’s approach to ESG and reaching net zero emissions can be found in the ACSIF ESG Playbook on Northern Horizon’s website.

“With our new investments in Vallensbaek and Soevind in Denmark, we are pleased to begin working with Diakonissestiftelsen and OK-Fonden, two highly capable and experienced non-profit operators in the Danish market. We look forward to building strong, long-term partnerships with both organizations, and to expanding our current relationship with Altiden/Ambea in Nivaa. We remain focused on pursuing new investment opportunities, with particular emphasis on Finland and Denmark, where we expect to complete additional transactions in the near term,” commented Kasper Wehner, Partner and Investment Director in Denmark.

Following the transactions, the total asset value of ACSIF’s portfolio reaches EUR 1.2 billion.

For further information, please contact:

Jonas Nolin, Partner and Investment Director, Sweden
+46 761 40 35 65, jonas.nolin@nh-cap.com

Kasper Wehner, Partner and Investment Director, Denmark
+45 26 18 99 90, kasper.wehner@nh-cap.com

About Northern Horizon

Northern Horizon aims to deliver 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.