A European social infrastructure company owned by Whitehelm Capital is buying a NOK1.4bn (€138.8bn) portfolio of 30 properties from Nordic Social Infrastructure Invest (NSII) a fund managed by Oslo Capital Partners.

The portfolio being acquired by Kinland consists of 19 preschools, 10 care properties and one public office across Norway and Finland.

The latest acquisition lifts Kinland’s properties to around 250 across the Nordic region and continental Europe.

Whitehelm and Kinland said the acquisition will be funded with equity from existing and new investors, as well as debt facilities from leading international banks and institutional bond investors.

The latest acquisition is the fifth bolt-on acquisition undertaken by Kinland after it was acquired by a consortium of Whitehelm investors in October 2019.

Benjamin Thorsen, the CEO of Kinland, said: “The acquisition of this portfolio confirms Whitehelm’s commitment to support the growth of Kinland and further strengthens the very important societal role that Kinland plays as the provider of social infrastructure across the Nordics and continental Europe.

“We are especially excited to grow substantially in one of our core markets Finland, and to increase our presence within the care property market where we see great potential and robust long-term fundamentals.”

Graham Matthews, CEO of Whitehelm Capital and chairman of the board of Kinland, said: “The acquisition of this portfolio of preschools and care homes is consistent with the strategy of Kinland to develop a meaningful social infrastructure platform across the Nordics and continental Europe.

“At Whitehelm we are long-term investors, and we will continue to support Kinland in its mission to ‘invest where people live’.”

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