Pioneer Buys from Norlandia
Norway Pioneer Property Group has signed a definitive sale and purchase agreement to acquire eleven properties from Norlandia Health & Care Group.
The acquisition price is based on a total property value of MNOK 174 based on fifteen-year leases with an annual rental income of MNOK 10.5. Four of the propertiesare preschools based in Finland, two are preschools in Sweden, and five are specialized care homes run by NHC's subsidiary Aberia. Two of the properties are under construction and will be completed during 2019.