OPEN FOR NEW INVESTMENTS
Nordic Aged Care is a direct real estate investment fund investing in care homes for the elderly and similar residential care assets in Sweden, Finland, Norway and Denmark.
As its predecessors Healthcare I and Healthcare II, Nordic Aged Care presents an attractive opportunity to capitalize on the long-term structural demand-supply imbalance for aged care facilities in the Nordic region.
Nordic Aged Care had its first closing in May 2016. A second closing is scheduled later this year and the final closing is scheduled to be held by the end of May 2017.
The Fund targets residential care properties for the growing elderly population of the Nordic region. Nordic Aged Care expects to acquire a mix of new-build assets, existing assets and assets for conversion. The Fund will not be involved in the provision of care, but will rather lease the premises to private and public care operators.
The strategy is core plus with a focus on stable income, derived from long term leases with creditworthy tenants.
Nordic Aged Care is structured as a closed-ended Luxembourg S.C.Sp. SICAV-SIF.
- Strong underlying demographic trend in the Nordic region.
- Demand for suitable healthcare assets growing faster than supply.
- Healthcare I and Healthcare II have validated the high potential in the healthcare real estate sector.
- Cash flow-oriented strategy focused on annual revenues over capital appreciation.
For more information please contact the fund management.
|KEY FUND FEATURES|
|Fund name||Nordic Aged Care|
|Aifm||Northern Horizon Capital AIFM Oy|
|Investment profile||Residential care properties for the elderly in the Nordics.|
|Fund type||Closed-end, unlisted|
|Legal structure||Closed-ended Luxembourg S.C.Sp –SICAV-SIF|
|Fund administrator||CACEIS Luxembourg|
|Equity||EUR 250 million|
|Sector allocation||100 % healthcare assets|
|Country allocation||Sweden, Finland, Norway, Denmark. Max. 60% in each country.|
|Number of properties||First investment has yet to be made.|
|Total portfolio size||*|
|Average property size||*|
Head of Fund Administration, Northern Horizon Capital UAB
Independent board member
Independent board member
Group General Counsel, Northern Horizon Capital
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