AXA Investment Managers-Real Assets has bought a portfolio of healthcare properties in Finland.
The investment manager invested around €65m in the 11 assets for AXA Selectiv’ Immoservice, a fund for French retail insurance clients.
Fredrik Söderlund, AXA IM-Real Assets head of asset management and transactions for the Nordic region, said: “The positive demographics supporting the Finnish healthcare sector make this acquisition particularly attractive, enabling us to instantly gain a meaningful exposure to this growing market.”
The wider Nordic region, he said, has presented compelling investment opportunities.
The portfolio, developed since 2012, includes two assets under construction due to be completed next year.
Nine of the assets focus on elderly care while the remaining two specialise in mental health provision.
The portfolio is let to five Nordic operators on long-term leases.