Nordic Aged Care Fund

Nordic Aged Care Fund is a direct real estate investment fund investing in care homes for the elderly and similar residential care assets in Sweden and Finland. The fund strategy is based on a strong megatrend of the ageing population in the Nordic markets.

The fund is directed at institutional investors and other professional investors only.

In 2021, the fund successfully completed the investment phase and has committed to 63 modern care assets in Nordics. The Fund is not involved in the provision of care. Premises are leased to private and public care operators.

Highlights

2018

Vintage year

300m EUR

Target commitments

100%

Committed equity

63

Assets

Fund facts

Fund name

Nordic Aged Care
Fund structure

Non-public closed-ended
Luxembourg SCSp SICAV-SIF
Fund status

Closed for new subscriptions
Investment profile

Core/Core-Plus
Aged Care properties in the Nordics
Equity

Final closing held at EUR 300 million
Vintage year

2018 (final close)

Fund term

2024
Number of properties

63
Total portfolio size

156,000 m2
Country allocation

Sweden, Finland
Max. 70% in each country
Sector allocation

100% care assets

Asset portfolio

Investments by country

32%

Sweden

68%

Finland

Assets

Browse the fund's assets or select asset gallery for more options.

Humana Växjö

Växjö, Sweden
72
Elderly
5564 m2
2019
LEED Platinum

Ambea Tierp

Tierp, Sweden
57
Elderly
3737 m2
2021
LEED Gold

Ambea Nya Hovås

Göteborg, Sweden
51
Elderly
4206 m2
2019
LEED Gold

Ambea Laholm

Laholm, Sweden
60
Elderly
4264 m2
2020
SGBC Bronze

Esperi Saga Lahti

Lahti, Finland
96
Elderly
4100 m2
2020
LEED Silver

Ambea Helsingborg

Helsingborg, Sweden
108
Elderly
7343 m2
2021
LEED Gold

Ambea Brandbergen

Haninge, Sweden
78
Elderly
5656 m2
2020
SGBC Silver

Motala Municipality

Motala, Sweden
40
Elderly
3678 m2
2017
SGBC Silver

Ambea Angered

Göteborg, Sweden
72
Elderly
5300 m2
2020
LEED Gold

Kristianstad Municipality

Kristianstad, Sweden
54
Elderly
3584 m2
2017
LEED Gold

See all assets

Asset gallery

Sustainability aspects

The value proposition of Nordic Aged Care Fund is a potential for long-term capital growth and a commitment to meet the challenge of a rapidly ageing population in the Nordics by funding the development of modern and high-quality care homes. As such, ESG is embedded in the investment objectives of the fund.

It is an important milestone for us to have completed the investment phase of the fund. A key priority in the investment phase has been to secure investments that are ready to meet future sustainability challenges.

The fund management team

Humana Växjö

Investment case

Humana Södra Växjö is an elderly care home in Växjö, Sweden, offering residential care for some 72 persons. Skanska has developed the building, and Humana operates the care home under a 15-year lease agreement.

Learn more

SFDR disclosure

Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector (“SFDR”).

Go to the SFDR dislosures

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