Northern Horizon acquires €75m healthcare portfolio from eQ

Northern Horizon has acquired a portfolio of 15 healthcare properties for €75 million ($81 million) for its fourth healthcare fund, Aged Care IV.

The portfolio was acquired from eQ, the largest private social infrastructure owner and developer in Finland. The portfolio is regarded as one of the highest-quality care home portfolios ever sold in Finland.

The hybrid asset in Mellunmaki Helsinki has 46 aged-care beds, 16 senior housing units and a grocery store. The extremely well-located asset has a weighted average unexpired lease term (WAULT) of 15 years with Attendo and a BREEAM Very Good certification.

The acquired portfolio consists of 15 high-quality assets with 450 care beds, 100 percent let on CPI-indexed leases with an average remaining term exceeding 13 years. The assets were built between 2016 and 2023, and they are all certified BREEAM Very Good or will achieve certification in the coming months.

“We are very satisfied with this deal, which a