Acquisition of a portfolio of 7 recently built healthcare sites in 6 different cities in Finland:
- Total investment: approx. €26.5 million
- Total capacity: 171 residents
- Operators: 4 professional private & non-profit operators
The seven care properties in this portfolio have excellent locations in six
cities across Finland (Kouvola, Kuopio, Loimaa, Mikkeli, Nokia and Oulu).
All sites were built recently and have been completed between 2016 and
2019. One healthcare site in Oulu welcomes elderly people requiring
continuous care, the four healthcare sites in Kouvola, Loimaa, Mikkeli and
Oulu are intended for people with mental disabilities, and the two buildings
in Kuopio and Nokia cater to young people with mental health problems.
The care properties accommodate 171 residents in total.
Stefaan Gielens, CEO of Aedifica, commented: “Aedifica is very pleased that shortly after the completion of the capital increase, Hoivatilat further expands our Finnish healthcare real estate portfolio with the acquisition of 7 modern and fully operational care properties. We are investing approx. €26.5 million in 7 recent buildings that accommodate more than 170 elderly people, people with mental disabilities and young people with mental health problems. The sites are operated by 4 professional private and non-profit operators. Following the completion of this transaction, the Finnish healthcare real estate portfolio has surpassed the €600 million mark. Other investments will follow.”
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 and portfolios, in addition to our own active project development work. I am pleased with the acquired assets, which complement our portfolio of about 200 properties nicely. I am happy to welcome our new tenants. Together we are creating a better society.”