Krogerus advises Northern Horizon on acquisition of newly converted Helsinki care asset

Northern Horizon 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 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 approximately 15 years.

The acquisition is expected to be completed during August.

The Krogerus team was led by Partner Pyry Somervuori together with Associate Maria Walden, and they were assisted by Counsel Piia Sinisalo, Senior Associate Julius Viherkenttä and Associate Pyry Lehikoinen.