News | 29.6.2021

Aedifica invests €22 million in 5 care properties in Finland

Acquisition of 3 fully operational care properties in Kokkola and development of 2 new projects in Kangasala and Oulu:

  • Total investment: approx. €22 million
  • Average gross yield: approx. 7%
  • Total capacity: 174 residents & 87 children

The 3 care properties are located in Kokkola (48,000 inhabitants) and were built between 2011 and 2016. Ilkantie 1 is located in the centre of Kokkola and accommodates 56 elderly people and 17 persons with a disability requiring continuous care. The Metsämäentie 62 and  Kärrytie 1 care homes are located in the proximity of the city centre and are specifically tailored to suit the needs of elderly people requiring continuous care, accommodating 26 and 23 residents respectively.

Stefaan Gielens, CEO of Aedifica, commented: “Aedifica is very pleased to announce that Hoivatilat further expands our Finnish healthcare real estate portfolio. We will invest a total amount of approx. €22 million in the acquisition of three fully operational care properties and  the development of two new projects, accommodating a total of 261 residents and children. We look forward to continuing to invest in futureproof healthcare real estate with our Finnish Hoivatilat team.”

Jussi Karjula, CEO of Hoivatilat, commented: “As part of the Aedifica group,  our strategy also includes the acquisition of high-quality fully operational care properties, in addition to our own active project development work. I am pleased with the acquired assets and new  development projects, which complement our current portfolio nicely. Together we are creating a better society.”

Click here to read the Press Release.

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