Belgian Investor Cofinimmo Buys Care Home from Fincap

Another purchase in Finland, by Cofinimmo.

Image: Catella

Belgian Investor Cofinimmo Buys Care Home from Fincap

Finland — Cofinimmo (Euronext Brussels: COFB) continues its expansion in the Finnish healthcare real estate sector with the acquisition of a nursing and care home under construction in Vantaa, in the Helsinki metropolitan area. The total investment budget for the plot of land and the works amounts to approximately 12 million EUR. The asset is already pre-let to Esperi Care Oy, a major care provider in Finland.

2021-01-22

The property has been fully leased to Esperi Care Oy with a long lease agreement. The buyer is an international real estate investor Cofinimmo with its investment manager Mirabel Partners Oy. Cofinimmo is listed on Euronext Brussels (BEL20) and the transaction is the company’s second investment in Finland.

The property is located in Nikinmäki, which is a growing district of Vantaa. The property will contain 68 care apartments in two storeys. The construction work of the property is under way and will be completed by the end of 2021.

The property has been fully leased to Esperi Care Oy with a long lease agreement. The care property will offer 24/7 services and modern housing for the elderly.

The transaction price is EUR 12 million. Catella acted as the seller FinCap Kiinteistökehitys Oy’s financial advisor in the sales process.

Anthon Näsström

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