Swedish social infrastructure specialist Samhällsbyggnadsbolaget i Norden (SBB) has agreed to buy a portfolio of 55 healthcare properties in Finland from the eQ Care special investment fund for €222 mln.
The deal, involving more than 2,400 beds and a gross lettable area of some 71,000 m2, is said to be by far the largest healthcare property transaction ever signed in the country.
The properties are located mainly in growing Finnish cities and are fully occupied with long lease agreements containing largely elderly and special care homes and children's day care centres.
Following the sale, the eQ Care special fund owns 107 properties worth €1.1 bn, 66% of which are located in the Helsinki region. The fund invests in healthcare, schools and other public properties.
‘We continue to strengthen our position in Finland and in line with our strategy to increase the number of elderly care homes under own property management,’ commented Ilija Batljan, CEO and Founder of SBB.
Tero Uusitalo, co-head of Capital Markets, JLL Finland, which advised the vendor, said: ‘We are extremely pleased to advise eQ Care special investment fund on the sale of this major healthcare portfolio to SBB. The sale is the largest transaction in Finland since the lockdown due to the Covid-19 pandemic in March and reflects the trong underlying investor demand for the Finnish healthcare market.’
