Urban Partners today announced the divestment of six modern care and nursing homes in Sweden on behalf of Nordic Strategies Fund III (NSF III). The portfolio has been acquired by Northern Horizon through its Aged Care Social Infrastructure Fund (ACSIF).

The portfolio comprises approximately 27,000 sqm and more than 370 care units across the Stockholm region and southern Sweden. The assets were completed between 2019 and 2021 and have been fully operational and stabilised for several years.

The transaction reflects continued liquidity in the Nordic care and social infrastructure market, supported by strong structural fundamentals, including long-term demographic demand and predictable municipality-backed cash flows. Nordic care assets typically operate under long-duration, CPI-indexed leases, with landlords acting solely as property owners rather than operators.

Jani Nokkanen, Co-Head of Real Estate and Chief Investment Officer at Urban Partners, said: “This transaction reflects strong investor interest in high-quality Nordic care assets and validates the value created through our development and stabilisation approach. Strong interest from several institutional investors underlines the depth of demand for well-structured care portfolios in the Nordics. As the portfolio is now fully established, this marks the next phase in its lifecycle, while we remain firmly committed to investing and growing within the care segment.”

Urban Partners continues to invest actively in Nordic care and social infrastructure and remains committed to the segment over the long term, leveraging its integrated platform and established relationships with leading operators across the region.

The transaction is expected to close in Q2 2026, subject to customary conditions.

Urban Partners engaged Real Advokatbyrå as legal counsel, Svalner on financial and tax matters, and JLL for sales advisory and technical due diligence in connection with the transaction, while Northern Horizon was supported by Mannheimer Swartling Advokatbyrå, PWC and WSP.