Highlight 1 December 2023

Krogerus advises Northern Horizon on €75 million portfolio deal

Krogerus advised Northern Horizon, a specialized healthcare real estate investor, on its acquisition of a portfolio of 15 prime healthcare properties for approx. €75 million from eQ. The portfolio is regarded as one of the highest quality care home portfolios ever sold on the Finnish market.

The acquired portfolio consists of 15 high-quality assets with 450 care beds and a total lettable area of approx. 20,000 sqm. The assets were built between 2016 and 2023, and they are all certified BREEAM Very Good or will achieve certification in the coming months. Most of the acquired assets are located in the attractive triangle between Helsinki, Turku and Tampere, whilst other assets are located in major university cities.

The Krogerus team was led by Partner Pyry Somervuori together with Senior Associate Julius Viherkenttä and they were primarily assisted by Counsel Piia Sinisalo and Associates Eveliina Lassila, Pyry Lehikoinen and Kaius Niskakangas. Partner Päivi Toivari advised on financing matters and she was primarily assisted by Associates Essi Granholm and Linda Tuhkunen.

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