In May 2025, Aged Care and Social Infrastructure Fund acquired a portfolio of two standing aged care assets in Finland. The new forward-funding deal in Espoo announced today brings the Fund’s portfolio to 66 attractive, fit-for-purpose care properties located across Sweden and Finland.
Additional investments must align with the current portfolio and meet the high sustainability requirements such as net zero operational carbon by 2030:
We are focused on deploying capital in the best interests of our investors and for society. We have evaluated a significant pipeline of opportunities, and the Espoo property ticks all the boxes. Espoo is the second-largest municipality and a growth centre in Finland, and we are seeing a strong and further growing demand for aged care beds and a lack of supply. There is also a need to modernize the current stock in the region, which the Espoo asset’s modern premises will help meet. It is an excellent deal for the Fund and for the region, commented Jussi Rouhento, Fund Manager and Head of Finland.
The Espoo property has been developed by and is acquired from Yrjö ja Hanna Kodit. The asset has been designed to meet the Excellent requirements according to BREEAM’s certification standards. The property will be energy efficient with EPC A, and the energy supply will include solar panels and geothermal heating. YIT, the largest construction firm in Finland, will start the construction this summer, and the construction is scheduled to be completed in 2026.
Once completed, the care home will be operated by Yrjö ja Hanna Hoivapalvelut under a 15-year lease agreement that includes a green lease clause. Northern Horizon has an excellent, long-standing collaboration with several reputable private operators and public tenants in Finland and welcomes the opportunity to collaborate with Yrjö ja Hanna Hoivapalvelut, an experienced care provider that operates 21 care facilities in Finland.
The 2,800 sqm care home will have 57 modern care beds for elderly residents in need of 24/7 care. 31 of the care beds will be intensive care beds, and 26 beds will be communal living units.
For further information, please contact:
Jussi Rouhento
Fund Manager, Aged Care and 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 infrastructure assets in Sweden, Finland, Norway, and Denmark.
