Fund Acquires Eight New Nursing Homes

Finland Finland Evli Fund Management Company's Evli Healthcare I Ky fund has signed a contract to buy eight new Finnish nursing homes under construction.

2018-06-18

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Evli Healthcare I Ky was established in early 2018 and the strategy of the fund is to invest in Finnish nursing and healthcare properties that provide stable cash flow through long-term rental agreements with stable tenancy.

Attendo Oy provides the service at the purchased nursing homes. The nursing homes will be transferred to the fund’s ownership upon completion. The first nursing homes will be completed during autumn 2018. There is a total of 287 beds at the nursing homes and their total value is approximately EUR 34M.

"The now acquired properties are perfectly suited to the fund's strategy. The properties are modern and have an excellent tenant with long rental agreements. As a result of the acquisition, the fund's average return will grow and the average duration of the lease agreements will increase further,” says Petteri Nurminen, portfolio manager. 




Maria Olsson Äärlaht
maria@nordicpropertynews.com




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