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News Release

Helsinki

JLL advises on the acquisition of a major healthcare portfolio in Finland


The JLL Capital Markets team in Helsinki has successfully advised AXA Investment Managers - Real Assets, acting on behalf of the AXA Selectiv' Immoservice fund, on the acquisition of a healthcare portfolio comprising eleven properties. The sales price was €65 million. The portfolio was sold by fund manager Trevian Care II Ky. 

All the assets have been developed since 2012, with two due to be completed in 2017. Nine of the properties focus on elderly care while the remaining two specialize in mental health care provision.

The portfolio, which is concentrated in southern Finland, the most densely populated part of the country, is let to five operators on long-term leases.

'The positive demographics supporting the Finnish healthcare sector make this acquisition particularly attractive, enabling us to instantly gain a meaningful exposure to this growing market,' commented Fredrik Söderlund, head of asset management & transactions for the Nordic Region, AXA IM - Real Assets.

The acquisition marks the second major healthcare transaction in Finland on which JLL has advised on this year; in Q1 2016 JLL acted as exclusive sales advisor on the sale of a 27-asset portfolio which traded for €155 million, the largest healthcare transaction to date in the Finnish market.