Nordic social infrastructure company Kinland Group has acquired a portfolio of nine assets in Finland, covering a gross lettable area of 8,000 m2.
Financial details were not disclosed.
The portfolio comprises seven daycare and two care home properties providing capacity to 784 customers. The assets are located in eight Finnish cities and are fully occupied with long lease agreements.
The sites are all recently built and are operated by five market-leading operators, said JLL, advisers to the vendor of the portfolio.
Commented Antti Pelli, senior director, JLL Finland: 'We are pleased to help the vendor in the sale of this high-quality portfolio to Kinland Group.
'The appetite for high-quality daycare and social infrastructure investments in Finland remains strong.
'Investors are interested in the attractive return profile coupled with the underlying long-term market fundamentals in Finland.
'We are also pleased to continue building our strong track record in the healthcare market and we want to thank the vendor and Kinland for a smooth transaction.'
