Following a busy spring on the asset acquisitions front, Northern Horizon, the leading specialized social infrastructure asset manager in the Nordics, has signed another transaction in Helsinki, Finland, for its Aged Care Social Infrastructure Fund. A converted and fully renovated asset has been acquired from Schroder Real Estate Kapitalvervaltungsgesellchaft MBH. The asset includes 80 modern care beds for elderly and disabled residents and is located in one of the most attractive residential areas in Helsinki. The acquisition is expected to be completed during August.

The new transaction in Helsinki, Finland includes a newly converted property totaling approx. 4,500 sqm located in the Meilahti-Munkkiniemi-Töölö area. Once serving as the headquarters of the Finnish care provider Mehiläinen Oy, the property has undergone an extensive conversion in 2025-2026, and now offers 80 new, high-quality care beds, of which 63 are designed for elderly care and 17 for disabled individuals. The care facilities are let to Mehiläinen. The property also includes retail space which will be let to a gym operator, and a parking hall with parking facilities, partially let to Aimo Park Finland Oy. The combined WAULT is approx. 15 years.

“We are very pleased to have secured this asset for our portfolio and to extend our long-standing and close relationship with Mehiläinen. The elderly population in Helsinki is growing, and together, we are able to help meet the increased demand for modern care premises in the city. Furthermore, the location, in one of Helsinki's most sought-after residential areas, is exceptional, which is also reflected in a strong interest not only from residents but also from care staff,” commented Jannika Kankare, Partner and Investment Director in Finland.

The portfolio of Aged Care Social Infrastructure Fund has grown significantly, now exceeding 90 assets across Finland, Denmark, and Sweden.