Northern Horizon continues to expand its healthcare portfolio via this Finnish transaction, which is the first addition to the new evergreen vehicle with current assets under management of close to €700 million. A hesitant market in Finland over the last two years has created opportunities to evaluate off-market standing assets and to select the ones most suitable for the Fund’s strategy.
The deal includes two properties in Espoo and Lahti with a total lettable area of approximately 3,500 square meters. The Espoo asset is located in the Helsinki capital region and was completed in 2018. The second asset, located in Lahti, a regional hub among the largest growth centers in Finland, was completed in 2023.
The properties meet the high sustainability requirements set for the Fund’s portfolio, and both assets are operated by Attendo, the leading care provider in the Nordic region. The average remaining lease term is 13,5 years, and both are fully inflation-indexed on a yearly basis.
Source: nh-cap.com on the 8 May 2025
https://www.nh-cap.com/northern-horizon-adds-portfolio-of-finnish-healthcare-assets-to-its-new-evergreen-fund/