Northern Horizon is committed to addressing the structural undersupply of care beds in the Nordics through investments in modern aged care homes and other social infrastructure assets.
The new care home in Falun will comprise a total area of approximately 6,600 sqm which will include 80 modern care units and common areas suited for elderly residents with dementia. The outdoor areas will aim to promote health and well-being for the residents and staff, while also enhancing biodiversity. The garden will include an orangery.
The building has been designed to meet the Gold requirements according to LEED’s certification standards. The building will be energy efficient with EPC B, and the energy supply will include solar panels and district heating.
‘Our investment team is focused on deploying capital in the best interests of our investors and for society. This acquisition enables us to provide the inhabitants of Falun Municipality with a new, first-class care home with 80 care units. The asset ticks all the boxes in our investment strategy, including high ESG requirements, so we are very pleased with the deal,’ commented Jonas Nolin, Co-Fund Manager and Investment Director in Sweden.
The construction of the care home will start this fall, and the aged care home is scheduled to be completed and handed over to Northern Horizon in the autumn of 2027. When completed, the care home will be operated by Falun Municipality.
This summer, Northern Horizon has completed four acquisitions for Aged Care and Social Infrastructure Fund across all its core markets. The acquisition in Falun takes the Fund’s portfolio to 70 modern, fit-for-purpose care properties located in Sweden, Denmark, and Finland.
For further information, please contact:
Jonas Nolin,
Co-fund Manager and Investment Director, Sweden
+46 761 40 35 65
jonas.nolin@nh-cap.com
