A real estate equity fund managed by Trevian Asset Management has sold 15 Finnish care home properties to Swedish investor Hemsö Fastighets.
A real estate equity fund managed by Trevian Asset Management has sold 15 Finnish care home properties to Swedish investor Hemsö Fastighets.
The properties, held by Trevian Care I, were sold for around €100 mln. Trevian will continue with its healthcare fund activities following the divestment.
'The divestment of the properties is an example of Trevian's successful strategy of active fund management with active and flexible acquisitions and divestments. The assets are let to local municipalities and the strongest operators in the business on long-term contracts so we are happy to hand management over to a long-term owner like Hemsö', said Trevian Asset Management's managing director Reima Södervall.
Tenzing and Roschier advised the seller.
Trevian had acquired the portfolio from Finnish pension insurance companies Varma and Etera last summer. Trevian is a Finnish investment and asset management company specialising in commercial properties. The company's assets under management exceed €500 mln.
