Nrep has, through its NSF V fund, entered into a strategic partnership with Swedish care home developer Sehlhall Fastigheter (‘Sehlhall’). The new venture has an ambition to become Sweden’s leading later living developer and manager, with a significant identified pipeline.
The initiative will meet the need for a major boost to Sweden’s social infrastructure provisions, focusing on the development of modern care and nursing home facilities, designed with the well-being of residents, families, and staff in mind.
As Sweden’s elderly population grows rapidly, the demand for new care home units is estimated at approximately 3,000 per year – equivalent to around 50 new facilities annually. In addition, there is a significant need to modernize the existing property stock. Addressing this challenge requires new solutions, greater resources, and players with the right experience, capabilities, and long-term approach – both in strategy and in capital.
Nrep’s investment marks a new phase for Sehlhall, transitioning from a development-focused company to a long-term owner. With a significant capital injection, Sehlhall will now be able to scale its operations and build a portfolio of properties for long-term management. Nrep’s extensive experience in developing, owning, and managing social infrastructure across the Nordics complements Sehlhall’s agility and its position as a leading player in the senior living sector.
The partnership creates a strong foundation for meeting an increasing societal need. The ambition is, as a first step, to develop at least 40 new care home developments across Sweden over the next five years, in growing municipalities presenting high demand. The partnership aims to build a portfolio valued at approximately €700 million.
Source: nrep.com on the 6 May 2025
https://nrep.com/news/nrep-invests-in-swedish-care-home-developer-sehlhall-with-e700-million-portfolio-target/