Kinland, a social infrastructure company owned by Patrizia, has added 31 assets worth €70.4m in total to its Nordic portfolio.
Kinland has acquired 24 preschool properties and seven care service properties in Finland from three different sellers as part of its continued growth push in the Nordics.
The deal involved buying 12 properties from Hoivatilat; acquiring 15 assets from OP Public Services Real Estate Fund; and buying four properties from an unnamed group.
In December, Kinland acquired 28 social infrastructure properties in Finland from eQ Community Properties for €76m. The latest deal increases the number of Kinland’s social infrastructure units in Finland from 47 to 173.
In total, Kinland now owns and manages 347 social infrastructure assets across the Nordics compared with the 172 assets the company held in October 2019, when it was acquired by Whitehelm Capital now owned by Patrizia following a takeover in 2021.
Graham Matthews, CEO of Patrizia Infrastructure and chairman of the board of Kinland, said: “The acquisition of these high-quality assets continues Kinland’s growth trajectory and underlines its reputation is the pre-eminent Nordic social infrastructure platform.
“These transactions are fully aligned with both Kinland’s mission to ‘invest where people live’, as well as Patrizia’s broader long-term commitment to being an enabler of sustainable cities which meet the needs of the local population.”
Benjamin Thorsen, CEO of Kinland, said: “These large bolt-on acquisitions further substantiate Kinland’s ambitions for enhancing our essential societal role as a leading provider of social infrastructure across the Nordics and continental Europe.”
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