Nordic — Northern Horizon has announced that the firm has successfully completed the conversion of its third healthcare fund into an open-ended fund. With the launch of the evergreen fund, Northern Horizon Aged Care Social Infrastructure SCSp SICAV-RAIF, Northern Horizon increases its long-standing commitment to address the shortage of modern care homes in the Nordics.

Denmark — Northern Horizon, specialized healthcare real estate investor, has signed a deal with Danish developer Scandinavian Property Development to purchase a care home under construction in Hørsholm, Denmark. Once completed in the summer of 2025, the care home is expected to achieve DGNB Gold certification. Attendo A/S will operate the care home.

Finland — Northern Horizon acquires portfolio of 15 prime healthcare properties in Finland from EQ for EUR 75 million.

Finland — Through its Aged Care IV fund, Northern Horizon has entered into an agreement to acquire a new purpose-built care home for people with autism. The care home is located on the lakeside in the city center of Kuopio, the largest city in Eastern Finland.

Finland — Jussi Rouhento will rejoin Northern Horizon as the Fund Manager and Managing Director in Finland as of 1 July 2023.

Sweden — SBB sells elderly care homes and project property at an agreed property value upon completion of SEK 1,382 million to Northern Horizon.

Sweden — Northern Horizon announces the purchase of a newly built preschool in Skurup for its ‘Aged Care Fund IV’ fund.

Finland — Nordic Aged Care Fund (Northern Horizon’s 3rd Fund in the aged care series) has acquired a care home in Lahti, Finland from Skanska Finland for circa EUR 20M.

Sweden — Skanska has sold the retirement home Villa Brogården in Alingsås, Sweden, for about MSEK 260. The buyer is Northern Horizon through its real estate fund Nordiska vårdhem.

Finland — Skanska has sold a care home in Lahti, Finland, for about SEK 210 million (EUR 20 Million).

Sweden — Skanska has sold a retirement home in Växjö, Sweden, for about MSEK 240 (EUR 23M). Buyers are Nordiska Vårdhem (Northern Horizons Health Property Fund) and the tenant is Humana.

Finland — In a transaction signed and closed last week, Northern Horizon has sold its Healthcare II fund to a fund managed by Evli. The transaction values the fund’s 30-asset Finnish portfolio at EUR 141M.

Nordic — Northern Horizon’s third specialist institutional healthcare real estate fund, the Nordic Aged Care Fund, has during Q4 2017 signed undertakings to acquire, via separate transactions, a total of nine care homes in Sweden and Finland.

Sweden — Skanska has sold a nursing home under construction in Gothenburg for about EUR 25M. The buyer is property fund managed by Northern Horizon and Ambea will become the tenant.

Sweden — Northern Horizon has appointed Christopher af Trampe as Head of Sweden. 

Finland — Northern Horizon continues investing into Nordic healthcare real estate through its latest specialised care home fund, Nordic Aged Care. The fund has in December 2016 entered into forward purchase and funding contracts for a value of approx. EUR 80M in Finland. These latest investments comprise 20 properties most of which will be completed in 2017.

Sweden — Northern Horizon’s latest specialised care home fund, Nordic Aged Care, has acquired on a forward purchase basis a care home in Kristianstad for EUR 15M.

Nordic — Northern Horizon’s new real estate fund, Nordic Aged Care, which will expand the group’s participation in elderly care homes across the Nordic region, raises € 121 M at first close based on cornerstone investments from among others Aviva Investors Global Indirect Real Estate.