Catella acted as FinCap Kiinteistökehitys Oy’s financial advisor in the sale of an elderly care property under construction in Nikinmäki, Vantaa. The property has been fully leased to Esperi Care Oy with a long lease agreement. 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 second investment in Finland.
The property is located in Nikinmäki, which is a growing district of Vantaa. The property will contain 68 care apartments in two storeys. The construction work of the property is under way and will be completed by the end of 2021.
The property has been fully leased to Esperi Care Oy with a long lease agreement. The care property will offer 24/7 services and modern housing for the elderly.
The transaction price is EUR 12 million.
Catella acted as FinCap Kiinteistökehitys Oy’s financial advisor in the sales process.
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