News | 19.3.2021

Aedifica wins M&A Award for acquisition of Hoivatilat

At the M&A Awards ceremony on March 18, 2021, Aedifica received the award for ‘Best Large Cap Corporate Deal 2020’ for the acquisition of Hoivatilat, the Finnish healthcare real estate investor that develops innovative housing and care concepts in Finland and Sweden. This acquisition allowed Aedifica to enter into the Nordic healthcare real estate market and further strengthen the Group’s position as a European market reference in listed healthcare real estate.

According to the panel of judges, the award is a recognition for the sustainable and intelligent expansion that the Group has achieved with this deal, of which the strategic importance should not be underestimated. They did not only see this deal as a landmark in the Group’s expansion in the Nordics, they also noted that Hoivatilat forms a solid base to continue the Group’s growth in the coming years, and that this has already been proven by the transactions that have been closed in the past year following the acquisition.

Stefaan Gielens, CEO of Aedifica commented:

“Aedifica is honoured to receive this award. This is a great reward for our international growth trajectory over the past years and motivates us to further pursue our successful strategy in the future. As a developer of innovative housing and care concepts, Hoivatilat is a perfect match for a long-term investor like Aedifica. The investments we have made in the past year are the best proof of the success of our cooperation. Together we will continue to build the healthcare real estate of the future.”

Jussi Karjula, CEO of Hoivatilat, adding:

“As part of the Aedifica group, we have continued our strong growth in the Nordics. Last year was a record year for us in many different metrics. We have made more than €200 million in new investments. Together with our partners, we are creating a better society.”

In its fifteen years of existence, Aedifica has developed a portfolio of over 500 healthcare real estate sites in 7 countries with a total value of more than €3.8 billion and over 37,000 users. As of 31 December 2020, the portfolio in Finland amounts to €719 million (172 sites) and the portfolio in Sweden amounts to €20 million (5 sites). Since the acquisition in early 2020, more than €180 million in new investments and projects have been carried out and announced in both countries while 24 pipeline projects have been completed, amounting to more than €90 million.

The M&A Awards have been presented annually in Belgium and the Netherlands by Alex Van Groningen since 2000.

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