The property has been developed by and is acquired from Skanska. The three-storey building is currently under construction and is scheduled to be completed in September 2017. The care home features 54 units for senior citizens in need of 24/7 care. Attendo, the Nordic region‘s largest private care provider, will operate the facility under a long-term lease.

“This property ticks all the boxes. In Kristianstad we see our targeted combination of already strong and further growing demand for residential elderly care, with an overall positive long-term demographic trend. The care home is let to a market-leading operator whom we know well, and is built by a reputable developer to an expected Leed Gold standard,“ says Andreas Michelsson, Portfolio Manager of Nordic Aged Care.

“We are pleased to enter Sweden with this deal, and we look forward to executing our strong pipeline of similar acquisitions in the near term, particularly in Sweden and Finland. There is a serious shortage of high-quality purpose-built residential care facilities in all of the Nordic countries. We feel privileged to be contributing to solutions to what we think is one of the biggest societal and economic challenges facing Europe over the next three decades: the unprecedented and very rapid ageing of the population," adds Michael Schönach, Fund Manager and CEO of Northern Horizon.