The portfolio comprises 4 elderly care properties with a total lettable area of approximately 13,800 sqm. During its ownership, Slättö has successfully executed its business plan through active asset management and leasing initiatives, resulting in stabilised assets with long-term tenants, mainly municipalities, and secure cash flows.

The transaction comes at a time when investor interest in the Nordic elderly care segment is strengthening. The ageing population continues to drive long-term demand for modern care facilities, which in combination with improving transaction market conditions, have increased appetite for social infrastructure assets. These structural trends have contributed to renewed activity in the segment, particularly for high-quality elderly care properties.

“Demographic trends, with an ageing population, combined with a stronger transaction market, drive increased interest in elderly care facilities. With this transaction, we continue to execute on our business plan in social infrastructure, which is to divest stabilized properties with long-term lease agreements and invest in assets with value creation potential through active asset management”, says Sofie Sihver, Head of Social Infrastructure, Slättö.

Through its funds, Slättö manages a social infrastructure portfolio of approximately 27 assets across Sweden, with a total lettable area of around 64,000 sqm.

Bernstrom & Partners and Born acted as advisers to Slättö in the transaction.