Riikka Moreau will lead business development in Finland, including investments in the aged care and other social asset markets. She will take the position of the Head of Finland of Northern Horizon, will sit on the Nordic Aged Care fund Investment Committee and oversee Northern Horizon’s social responsibility initiatives. Riikka has a background in strategic development, advisory and transactions, with over 15 years of experience in the serviced real state sector. She is returning to her native Helsinki from Paris, where she worked for Vastint Hospitality, heading acquisitions in France. Before that she invested in serviced residences across continental Europe for CapitaLand’s Ascott International.
In Sweden, new Investment Director Jonas Nolin will work with the local healthcare team to grow Northern Horizon’s social asset portfolio. Jonas brings extensive experience in investing and asset management from the Scandinavian Property Group as well as from Hemsö, the leading owner and developer of social assets such as nursing homes and care facilities in Sweden.
We are very proud to have attracted experienced professionals of this calibre. Riikka and Jonas will strengthen our capabilities in the area of senior housing and social living. With a rapidly aging population in the Nordics and throughout Europe, we need to think across different assets classes and offer new concepts in services. Riikka’s skillset and experience in serviced real estate will enable us to capture the benefits of elderly care assets as they evolve, catering to a wider range of age groups and increasingly oriented to the end-user. In addition, with his specific experience in the care sector, Jonas will strengthen our deal sourcing and capital allocation in the highly liquid and competitive Swedish care home market, said Milda Darguzaite, Northern Horizon CEO.
About the Nordic Aged Care Fund
The Nordic Aged Care Fund, launched in 2016, is Northern Horizon’s third specialized care home fund. The Fund helps the Nordic countries meet the challenge of rapidly ageing populations by funding the development and acquisition of modern and high-quality care homes, leased to the leading public and private care operators on long-term leases.
About Northern Horizon
Northern Horizon is an independent real assets investment manager with a focus on specialized strategies in Northern Europe. It has developed and acquired more than 100 care homes for its institutional care home funds since 2007. Northern Horizon currently manages three real estate funds and one separate account mandate for leading European institutional investors. The firm employs approximately 35 professionals at its offices in Copenhagen, Helsinki, Stockholm, Berlin, Vilnius and Tallinn.