Nrep, Urban Partners’ real estate investor and developer, has launched a new construction project in Helsinki, Finland, which combines build-to-rent housing and care homes within the one scheme. The project responds to the growing need for housing and high-quality care services in the Helsinki Metropolitan Area.
A fund managed by Nrep (NSF V) purchased the plot of land in Herttoniemi, Helsinki, in February and is now looking to secure planning consent to deliver a hybrid living scheme with a gross development value of €100 million ($108 million). The modern complex will offer high-quality housing and care facilities for the elderly alongside rental accommodation. Construction is scheduled to begin in autumn 2025, with delivery targeted in 2028.
A total of 425 apartments and 108 care homes will be delivered across four buildings on the site, totaling 27,500 square meters (296,000 square feet). The floor plans of the apartments have been carefully considered to cater
