Nordic social infrastructure fund manager Northern Horizon has invested €130m on behalf of its aged-care fund to acquire six assets in Sweden, Finland and Denmark.
Northern Horizon said the individual acquisitions were completed on behalf of the flagship Aged Care Social Infrastructure Fund (ACSIF), which targets essential Nordic social infrastructure.
The latest deals, which total 370 care beds and up to 28 senior housing units, bring ACSIF’s total asset value to €1.2bn.
Kasper Wehner, partner and investment director in Denmark at Northern Horizon, said: “We remain focused on pursuing new investment opportunities, with particular emphasis on Finland and Denmark, where we expect to complete additional transactions in the near term.”
Jonas Nolin, partner and investment director in Sweden at Northern Horizon, said: “The investments exemplify the type of opportunities we continue to pursue for ACSIF. We prioritise newly-built properties and development projects in attractive locations within key cities where demand for care beds will continue to exceed supply for many years to come.
“Furthermore, all assets are held to high ESG standards, which are integral to our investment approach and increasingly valued by our institutional investors as they seek sustainable, resilient portfolios.”
To read the latest IPE Real Assets magazine click here.
