The acquisition was signed on 15 October 2020 and has now been approved by the Finnish Competition Authority and the acquisition is thus unconditional, completion will take place on 17 December 2020.
The portfolio comprises approximately 71,000 sq.m. of lettable area with a rental income of approximately EUR 13.6m and a net operating income of approximately EUR 13.1m. The average lease maturity of the portfolio is 7.6 years.
The agreed property value for the portfolio amounts to EUR 222m. The properties are primarily located in southern and western Finland with 25 per cent of the property value in the Helsinki region. Elderly care homes make up 60 per cent of the portfolio, followed by 20 per cent special care homes and 20 per cent education.
”We continue to strengthen our position in Finland and in line with our strategy to increase the number of elderly care homes under own property management,” comments Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget I Norden AB.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, [email protected]