Krogerus advises Northern Horizon on Espoo forward funding transaction

Northern Horizon's Aged Care and Social Infrastructure Fund enters into a forward funding deal for an asset in Espoo, Finland. The asset has been designed to meet the Excellent requirements according to BREEAM’s certification standards. The property will be energy efficient with EPC A, and the energy supply will include solar panels and geothermal heating. YIT, the largest construction firm in Finland, will start construction in the summer of 2025, and the build is scheduled to be completed in 2026. Once completed, the care home will be operated by Yrjö ja Hanna Hoivapalvelut under a 15-year lease agreement that includes a green lease clause. The 2,800 sqm care home will have 57 modern care beds for elderly residents in need of 24/7 care.

The Krogerus team was led by Partner Pyry Somervuori and he was assisted by Counsel Joonas Parkkinen and Associate Konsta Westerlund.