Aedifica continues to expand its healthcare portfolio with the latest acquisitions in Finland. The company invested €16m in fully operational care homes in Espoo, Oulu, Laukaa and Kempele.
The Espoo Rajamannynahde care home dates back to 2002 and was specifically developed for residential care purposes. The care home accommodates 35 elderly people requiring continuous care. The care home is operated by Pihlanjantertut Ry, a local non-profit organisation with 20 years of experience in providing care to elderly people. The care home is let on the basis of a new irrevocable 20-year double net lease.
The Laukaa Peurungantie care home was completed in early 2020 and is part of the Peurunka rehabilitation centre. The care home is specifically tailored to suit the needs of elderly people requiring continuous care or rehabilitation care and accommodates 22 residents. The care home is operated by Peurunka Oy, a subsidiary of the Peurunka foundation. The foundation is a local non-profit organisation with over 50 years of experience in providing care in its rehabilitation centre on the shore of lake Peurunka. The care home is let on the basis of a new irrevocable 15-year double net lease.
The Oulu Siilotie care home is integrated with a larger residential development in the Toppilansalmi neighbourhood. This residential care facility is specifically tailored to suit the needs of elderly people requiring continuous care and accommodates 46 residents. The care home is operated by Mehilainen. The property is let on the basis of a new irrevocable 15-year double net lease.
The Kempele Ihmemaantie care home is specifically tailored to suit the needs of elderly people requiring continuous care and accommodates 19 residents. The care home is operated by Kotoisin. The property is let on the basis of a new irrevocable 20-year double net lease.
Stefaan Gielens, CEO of Aedifica, commented: “Aedifica is very pleased to announce that Hoivatilat further expands our Finnish healthcare real estate portfolio with the acquisition of 2 fully operational care homes and the completion of two development projects. We invested a total amount of approx. €16m in 4 care homes that accommodate 122 elderly people. The sites are operated by a diversified pool of 4 private and non-profit tenants. We look forward to continuing to invest in futureproof healthcare real estate with our Finnish Hoivatilat team.”
