Hemsö invests EUR 130 million in Turku. The company’s Head of Asset Management Finland, Jarkko Leinonen, tells Nordic Property News about the investment, the strengths of Turku and the benefits of expanding outside of Helsinki.
Hemsö and the City of Turku are preparing a transaction whereby Hemsö will acquire a property portfolio comprised of eight nursing homes and health care properties from the City of Turku in Finland. The acquisition cost amounts to EUR 130M.
Hemsö is acquiring two nursing homes that are under construction in the Turku region of Finland. A 12-year lease agreement has been signed with the care company Esperi Care Oy for both of the nursing homes. The investment amount is MSEK 125 (EUR 12M).
Hemsö continues to make a mark on the Finnish market. On Friday they announced that they are investing MSEK 800 (EUR 80M) in an acquisition of three university properties, and renovation of one of the buildings. Jarkko Leinonen, Country Manager Finland at Hemsö, tells Nordic Property News about the significance of the acquisition, why they want to increase the amount of education properties and what the company's future in Finland looks like.
The acquisition is being carried out under the framework agreement signed with YIT in June 2016. The purchase price amounts to approximately EUR 13M.
Hemsö has acquired an educational property in central Helsinki with a lettable area of 6,200 square meters.
Hemsö has acquired a nursing home and a preschool under construction in Finland. The purchase price amounts to approximately EUR 13M.