Hemsö Acquires Retirement Home in Finnish Esbo

Finland — Hemsö acquires a property under construction in Esbo. The property is intended for a retirement home and rental units. The tenant for the retirement home will be the operator Mainio Vire, with a 15-year lease. The investment amounts to a total of about €29 M (MSEK 272).

2016-05-13

When finished the property will include 116 retirement home spots and 53 rental units. The total area will be 7,400 sqm.

Developer and entrepreneur is Lapti Oy, a Finnish construction company that has successfully erected multiple retirement homes in Finland.

“Through this acquisition Hemsö completes their first deal with the Finnish construction company Lapti, which is something we see as positive” says Hemsö’s CEO Per Berggren.

The land seller is the foundation Asuntosäätiö. The construction is expected to be finished in 2018. The investment is financed within the frame for Hemsö’s current financing activities.

Henrik Ekberg

[email protected] http://www.fastighetssverige.se