News

Healthcare II to build a healthcare property in Salo, south-western Finland

Healthcare II -fund has made its latest acquisition, a nursing home for the elderly to be built in Salo. The tenant will be Esperi Care Oy, a large service provider in the Finnish care sector.

The nursing home for the elderly has an excellent location in close proximity of the city centre, next to the Salonjoki river. Salo, with over 50 thousand inhabitants, is located literally between the two main cities of Southern Finland; the nation’s capital Helsinki and the provincial capital Turku. Once the construction works have been finished in the autumn of 2015, Esperi Care Oy will offer 24-hour care to 30 elderly persons in the nursing home.

Healthcare II is Northern Horizon’s second fund investing in the Finnish healthcare real estate sector. Thus far the fund has signed and closed several transactions in 2014 and the fund is looking to add several acquisitions in the coming months. Healthcare II remains open for further investors and will have the timing of its next closing confirmed in 2014.

For further information please contact:

Mr. Jussi Rouhento, Head of Finland &
Fund Manager Healthcare II
Tel: +358 40 512 9577, jussi.rouhento@nh-cap.com

Mr. Andreas Michelsson, Co-Fund Manager Healthcare II
Tel: +358 40 703 3445, andreas.michelsson@nh-cap.com