Krogerus advises Northern Horizon on three care facility acquisitions

Krogerus advises Northern Horizon on three new acquisitions in Helsinki, Jyväskylä, and Vantaa, all completed in November-December, taking the Finnish sub-portfolio of their Aged Care Social Infrastructure Fund to 47 assets with 1,588 care beds in total.

In Jyväskylä, a forward funding project was acquired from a local developer. The project comprises a care facility with 60 care beds for elderly in need of 24/7 care. In Helsinki, a senior housing asset with 45 apartments completed in 2022 was acquired from a local seller. The third acquisition was for an asset in Vantaa: a residential care home for the disabled, completed in 2023.

The Krogerus team was led by Partner Pyry Somervuori together with Counsel Joonas Parkkinen and Senior Associate Julius Viherkenttä, and they were assisted by Counsel Piia Sinisalo, and Associates Rasmus Karppinen, Pyry Lehikoinen, Lena Lehmuskoski and Pyry Nissinen.