The 4.100 sqm care home includes 96 apartments fitted for senior residents and features a wide range of in-house amenities including a restaurant, café, gym, sauna and swimming pool. The care home will be operated and leased on a long term basis by Saga Care Finland. The building is expected to receive LEED Silver certification.

“We are especially pleased to be part of this transaction because we anticipate it being one of the first LEED certified senior care assets in Finland which we are striving for together with our valued, long-term partner – Skanska. This transaction fits perfectly with our strategy to address the ever-growing demand for modern aged care facilities in the Nordics while applying the highest sustainability standards” comments Riikka Moreau, Fund Manager in charge of Aged Care for Northern Horizon.

With this transaction Northern Horizon will have deployed over EUR 500M through its Nordic Aged Care Fund into the care properties in Finland and Sweden making it one of the most active players in providing social infrastructure for the elderly in the Nordics.