Northern Horizon, the leading specialized social infrastructure asset manager in the Nordics, continues its impact-driven efforts to deliver modern care facilities to the undersupplied Nordic markets. Over the past two months, three separate acquisitions in Finland have been completed, all forward funding deals, representing a total transaction value of approximately EUR 28 million. All three deals have been completed for Aged Care Social Infrastructure Fund (ACSIF), Northern Horizon’s evergreen healthcare fund which is backed by a growing international institutional investor base. Northern Horizon’s Investment Director in Finland expects more acquisitions for ACSIF soon.
Over the past year, Northern Horizon has expanded its portfolio of social infrastructure assets in Finland significantly through acquisitions of standing assets and development projects. Three new off-market acquisitions in Jyväskylä, Pori, and Kuopio completed in February and April of 2026 further expands its footprint:
- The largest deal is a care home in Jyväskylä with 62 care beds for elderly in need of 24/7 care and another 19 care beds for the disabled, acquired from Hoivarakentajat Oy. When completed in 2027, the care home will be operated by a large Nordic care provider on a 15-year, CPI-indexed lease agreement.
- In Pori, a 50-bed aged care property has been acquired from Huhti Palvelukiinteistöt Oy. The construction is ongoing with an expected completion in Q2 2027. When completed, the care home will be operated by a large Finnish care provider on a 15-year CPI-indexed lease agreement.
- The third transaction is in Kuopio, where a 31-bed residential care asset for the disabled has been acquired from Hoivarakentajat Oy. The asset is scheduled for completion next year, and a 15-year CPIindexed lease agreement has been signed with a large Nordic care provider.
All three assets comply with the high environmental requirements set for ACSIF’s asset portfolio, being EU taxonomy-aligned with a targeted EPC Certification of B. The assets are expected to achieve BREEAM In-Use certifications, thereby enhancing their investment value significantly. The asset in Jyväskylä targets an Excellent rating, while the assets in Kuopio and Pori are targeting Very Good ratings.
“There is a massive shortage of new, care facilities in all of the Nordic countries, and our investors are keen to see their committed capital deployed and making an impact quickly. We are very pleased to have completed three transactions within a short period of time, and we are fully focused on further expanding the portfolio, also in the Finnish market,” commented Jannika Kankare, Investment Director in Finland.
The new acquisitions take ACSIF’s sub-portfolio in Finland to 50 assets with 1,745 care beds in total, while the entire portfolio comprises 83 social infrastructure assets across Finland, Sweden, and Denmark.
