PATRIZIA’s Kinland seals €76m deal for Nordic social infrastructure portfolio

PATRIZIA portfolio company Kinland AS has agreed to acquire a portfolio of 28 social infrastructure properties in Finland from eQ Community Properties for €76 million ($81 million).

The high-quality portfolio is primarily located in or around Finland’s largest cities (Helsinki, Oulu and Kuupio), with its properties largely let on long-term leases to leading operators within preschools and a number of care segments.

“The acquisition of this significantly sized portfolio continues Kinland’s growth trajectory as a preeminent Nordic social infrastructure platform and strengthens our footprint in Finland in particular,” said Graham Matthews, CEO of PATRIZIA Infrastructure and chairman of the board of Kinland. “This transaction is fully aligned with both Kinland’s mission to ‘invest where people live,’ as well as PATRIZIA’s broader long-term commitment to being an enabler of sustainable cities which meet the needs of the local population. Meg