Kinland, a PATRIZIA portfolio company and an owner of key social infrastructure assets in the Nordic region and continental Europe, has plans to acquire 31 social infrastructure properties in Finland from various sellers for a combined value of €70.4 million ($77 million).
The combined deals represent Kinland’s third largest completed bolt-on acquisition, measured in gross property value.
The assets include 24 preschool properties and seven care service properties. A large majority of the properties are new or recently built with high technical and environmental standards and are primarily leased to operators on long-term leases.
The assets are split into three portfolios from various sellers: 12 properties from Hoivatilat; 15 properties from OP Public Services Real Estate Fund and four properties from a group of undisclosed sellers.
With these transactions, Kinland will have undertaken a total of 20 bolt-on acquisitions since it was acquired by a PAT
