Aedifica has deepened its commitment to the Finnish healthcare real estate market with a €47m investment, combining the acquisition of six modern care properties and the development of three new facilities across Finland. The deal reinforces Aedifica's position in Northern Europe’s expanding care infrastructure segment, where demographic and regulatory shifts are creating compelling long-term demand.
The six acquired properties are located in Helsinki, Tampere, Kuopio, Tuusula and Kirkkonummi, purpose-built or renovated between 2018 and 2022, with a total capacity of 233 residents. They include both elderly care homes and residential care centres for disabled people. The sites are leased to Attendo, Mehiläinen, Ikifit, and Kepakoti under double net lease agreements with a WAULT of 11 years. The initial rental yield exceeds 6%.
“Aedifica is investing €47 million in the acquisition and development of a total of nine care properties in Finland. This investment aligns perfectly with Aedifica’s strategic focus on both the development of new projects and the acquisition of high-quality, existing care properties. With these investments, we are delivering on our commitment to reinvest the proceeds of the disposal of our entire Swedish portfolio earlier this year and refill our development programme.” Stefaan Gielens, CEO, Aedifica
Alongside the acquisitions, Aedifica's development arm Hoivatilat will deliver two residential care centres for disabled residents in Jyväskylä and Oulu, as well as a new childcare centre in Kuopio. With a total capacity of 41 residents and 111 children, the €9.5m pipeline is expected to be completed by Q1 2026. These projects are being fully designed and developed in-house by Hoivatilat and will feature sustainable energy systems, targeting EPC A or B ratings.
“In addition to the acquisition of 6 care properties, we will develop 2 care centres for disabled people in Jyväskylä and Oulu, as well as a childcare centre in Kuopio. All three development projects are designed and developed in-house by our local Hoivatilat team. In the design of these projects, we paid special attention to environmental standards and energy efficiency. Together we are creating a better society.” Atte Nittylä, CEO, Hoivatilat
For investors and developers, the strategic pivot to Finnish regional growth cities like Jyväskylä and Oulu reflects a broader trend: underserved urban areas are attracting significant investment due to favourable demographics, local authority support, and ESG-aligned property fundamentals. Aedifica’s focus on combining yield stability with sustainability credentials makes this expansion particularly attractive amid wider market uncertainty.
Aedifica, listed on Euronext Brussels and Amsterdam, manages a €6.1bn European healthcare real estate portfolio and is a constituent of the BEL 20 and BEL ESG indices.
People:
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Stefaan Gielens – CEO, Aedifica
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Atte Nittylä – CEO, Hoivatilat
Companies:
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Aedifica – European healthcare real estate investor and developer
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Hoivatilat – Finnish care property development company (subsidiary of Aedifica)
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Attendo – Elderly care operator
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Mehiläinen – Healthcare and social services provider
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Ikifit – Elderly care operator
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Kepakoti – Disability care operator
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Touhula – Childcare services provider
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Esperi – Disabled care and elderly care operator
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