Catella acted as FinCap Kiinteistökehitys Ltd’s exclusive financial advisor in the sale of a care property in Vuosaari, Helsinki. The construction works will begin in Q4 2021. The property is entirely leased to Attendo with a long lease maturity. The buyer is an international real estate investor Cofinimmo with its investment manager Mirabel Partners Oy. Cofinimmo is listed on Euronext Brussels (BEL20) and the transaction is the company’s sixth investment in Finland.
The property is located in Vuosaari, Helsinki in a peaceful and verdant neighbourhood close to services and has excellent public transportation connections. The care home will have four floors and comprise 75 intensive care rooms and 8 lighter care rooms. The construction works will begin in Q4 2021 the delivery of the project is planned for Q1 2023.
The property is entirely leased to Attendo with a long lease maturity. The new-built property will increase the supply of elderly care services in Vuosaari and nearly doubles the amount of care rooms in the area.
The investment size amounts approximately EUR 19 million.
Catella acted as FinCap Kiinteistökehitys Ltd’s exclusive financial advisor in the transaction.
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