In a move that strengthens its footprint in Nordic healthcare real estate, Northern Horizon, the specialist healthcare asset manager, has acquired two high-quality Finnish assets from eQ Community Properties Fund. The off-market, all-equity transaction marks the debut acquisition for its newly launched Aged Care and Social Infrastructure Fund, an evergreen vehicle currently managing assets close to €700m.
The acquired properties, located in Espoo and Lahti, together span approximately 3,500 m². The Espoo asset, completed in 2018, lies in the affluent Helsinki capital region, while the 2023-built Lahti property is strategically positioned in one of Finland’s top growth hubs. Both facilities are fully leased to Attendo, the Nordic region’s leading care provider, under long-term inflation-indexed leases averaging 13.5 years.
“We are very satisfied with this deal, which aligns perfectly with our investment strategy. We have a significant pipeline, and we continue to look for opportunities,” said Jussi Rouhento, Fund Manager and Head of Finland at Northern Horizon. The firm is capitalising on recent market hesitancy in Finland to selectively secure prime, standing assets that support its core sustainability and income resilience goals.
The acquisition brings the fund’s portfolio to 65 healthcare assets across Sweden and Finland, with the Finnish sub-portfolio now comprising 43 properties totalling 61,500 m². Tenants include Attendo, Mehiläinen, Esperi Care, and various public sector operators, yielding a blended weighted average unexpired lease term (WAULT) of around 10 years.
“There is a growing need for modern healthcare assets in our region, and we are seeing a lot of interest from international investors who are attracted by the strong market fundamentals with high growth potential, strong returns, and a very attractive risk profile. We are very optimistic about our continued expansion,” added Christoffer Abramson, Group CEO of Northern Horizon. For investors and developers alike, Finland’s public-private care sector offers not only long-term income stability but also a strategic foothold in a demographic megatrend as Northern Europe faces a rising elderly population.
People mentioned:
Jussi Rouhento – Fund Manager and Head of Finland, Northern Horizon
Christoffer Abramson – Group CEO, Northern Horizon
Companies mentioned:
Northern Horizon – Healthcare real estate investment manager in the Nordics
eQ Community Properties Fund – Seller of the Finnish assets
Attendo – Nordic care services provider and tenant
Mehiläinen – Finnish private healthcare provider and tenant
Esperi Care – Finnish elderly care provider and tenant
Image: Jussi Rouhento
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