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YIT begins construction of health and wellbeing centre in Kamppi

YIT has signed a cooperative project management contract for the Keskusta health and wellbeing centre project to be built for the use of City of Helsinki. The contract will be signed with KOy Helsingin Toimitilat. For YIT, the value of the implementation phase of the construction contract, which is now starting, is approximat...
Friday, 22. December 2023

Northern Horizon acquires €75m healthcare portfolio from eQ

Northern Horizon has acquired a portfolio of 15 healthcare properties for c. €75m for its fourth healthcare fund, Aged Care IV. The portfolio was acquired from eQ, the largest private social infrastructure owner and developer in Finland. The portfolio is regarded as one of the highest quality care home portfolios ever sold in...
Monday, 4. December 2023

Completion of Robijnhof psychogeriatric care complex in Leiden

The construction company M.J. de Nijs & Zonen has delivered the final phase of the Robijnhof project in Leiden to real estate investor Altera Vastgoed NV. It concerns the fourth block, which consists of a psychogeriatric care complex where intramural care will be provided. The care complex comprises 40 psychogeriatric units a...
Tuesday, 28. November 2023

Global healthcare sector set to grow

The global healthcare sector remains buoyant and is expected to grow despite a challenging economic outlook, according to Knight Frank. Investors remain confident in the long-term opportunities presented by the sector, with investment in care related real estate reaching c. $38 billion in the year to June 2023, accounting for...
Thursday, 23. November 2023

ION Residential Platform completes the acquisition of SRB-Invest

ION Residential Platform (IRP) acquires, from AG Real Estate, 100% of the shares of SRB-Invest, the company owning the Beukenhof (Kalmthout) and Brugse Vaart (Ghent) care homes. The residences offer a combined 294 care beds and 20 assisted living units and are operated by Vulpia, an established Belgian operator.
Friday, 17. November 2023

ELM Group acquires retirement portfolio from Orbit

ELM Group announces the major acquisition of retirement property. As part of the formal sales process facilitated on behalf of UK housing provider Orbit, ELM Group has acquired 1,368 units across 30 local authority areas, taking its portfolio of properties across the South of England from over 3,300 to 4,638 units – represent...
Friday, 3. November 2023

Red wins Bristol retirement village £14m expansion

RED Construction Group, the specialist main contractor, has secured a £13.5m contract to deliver 44 extra-care apartments for the St Monica Trust, at The Chocolate Quarter Retirement village in Keynsham near Bristol. The new building will complete the redevelopment of the former Fry’s Chocolate Factory Site, and provide addit...
Tuesday, 31. October 2023

Threestones Capitalpurchases Ginkgo portfolio from Huk-Coburg

Threestones Capital on the acquisition of the Ginkgo portfolio, which comprises two retirement homes. The properties are located in Cologne and Künzell; the sellers are companies belonging to the Huk-Coburg insurance group.
Friday, 15. September 2023

Macquarie and Just finance development in Southampton

Macquarie Asset Management, on behalf of Just Group, has provided approximately £30 million to help finance the development a new multi-purpose healthcare service facility to be operated by University Hospital Southampton NHS Foundation Trust.
Wednesday, 30. August 2023

TSC reopens retirement home in Lüneburg

After extensive modernization work, the new operator, Argentum Pflege Holding GmbH, has now reopened the retirement home at the Alte Saline in Lüneburg. At the end of 2021, the City of Lüneburg had complained about numerous fire safety deficiencies and ordered the home to be evacuated.
Thursday, 17. August 2023

Northern Horizon's fund acquired a care property in Kuopio

Through its Aged Care IV fund, Northern Horizon has entered into an agreement with Hoivarakentajat to acquire a new purpose-built care home for people with autism. The care home is located on the lakeside in the city center of Kuopio, the largest city in Eastern Finland.
Tuesday, 15. August 2023