News

Christopher af Trampe joins Northern Horizon

Northern Horizon has appointed Christopher af Trampe as Head of Sweden. Beginning in his new role on 1 February, Christopher will initially primarily focus on making investments into Northern Horizon’s Nordic Aged Care Fund in Sweden. Christopher joins the firm from his current position as Partner at Angermann, a boutique real estate investment advisory firm, and he has a 15-year career in investment banking and real estate advisory with firms including JPMorgan, JLL and Colliers.

“We are very pleased to welcome Christopher to Northern Horizon and we look forward to developing our activities in Sweden under his leadership. Christopher brings with him an impressive track record in the Swedish real estate transaction market and also specific experience in the care home sector. With Nordic Aged Care already having made its first investment in Sweden, and with Christopher now joining our team, we believe we can significantly accelerate our capital deployment in the highly liquid and competitive Swedish care home market”, says Michael Schönach, Northern Horizon CEO.

“Northern Horizon has created an excellent model for care home investments and has built a very strong track record within this segment. I look forward to expand that further in the Swedish market, and in the near time build up a portfolio of high quality care homes around Sweden”, says Christopher af Trampe.

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About the Nordic Aged Care Fund

Nordic Aged Care is Northern Horizon‘s third specialised care home fund. The Fund aims to help the Nordic countries meet the challenge of a rapidly ageing population by funding the development of modern and high-quality care homes leased to leading public and private care operators on long lease contracts. Nordic Aged Care expects to acquire a mix of newly-built assets, existing assets and conversions from other uses. Following its first closing in May 2016, Nordic Aged Care currently has €163m of equity commitments from a group of European institutional investors, and has a €250m fundraising target. During H2/2016 the fund’s signed portfolio of care homes in Sweden and Finland has already reached approx. €100m.

Northern Horizon’s two predecessor care home funds acquired 57 care homes, and with Nordic Aged Care’s current investments, the total number of care homes acquired by Northern Horizon’s team now approaches 80 care facilities for approximately 2,600 residents in need of 24/7 care.

About Northern Horizon Northern Horizon Group is an experienced investment manager focusing on specialized real asset investment strategies in Northern Europe. Our investment management offices are located in Helsinki, Copenhagen, Stockholm, Tallinn, Vilnius and Berlin. Northern Horizon currently manages five real estate funds and two separate accounts on behalf of major European institutional investors. Northern Horizon is a member of INREV and SIPA and a signatory to UN PRI.

Download this release (in English) in pdf

Download this release (in Swedish) in pdf