Finhoiva Fund, managed by FinCap, has sold two nursing homes to Evli’s Healthcare I Fund. The properties are located in Southern Ostrobothnia and have a total of 51 patient beds. The sale is a follow-up deal with Evli, as FinCap previously sold four entities to the same Fund back in October 2018.
Including this deal FinCap has now divested a total of 11 care homes in the past eighteen months. Real estate market valuation of the sold property portfolio totals € 40m and they have a total of 309 beds.
“The sale is part of FinCap’s strategy to find and develop care homes for leading nationwide care operators,” says FinCap’s CEO Janne Kotamäki. Good location, appropriate structural solutions and high quality of construction are the hallmarks of the objects we have built, whether it is caring or residential. That is why it is natural for our properties to always find a long-term owner in companies whose strategy is long-term ownership of nursing homes. For our part, divestments will make room for the start of new nursing home projects, which will be announced later this year”, Kotamäki continues.
The FinCap Group is a Finnish group focusing on the growth and development of real estate assets, with three core business lines being Property Development, Funds and Asset Management. The real estate agency Suomen Kotijoukkue is also a subsidiary of FinCap. The Group’s turnover was approximately EUR 13 million in 2018. Follow us on LinkedIn (Fincap Oy).
For more information:
Janne Kotamäki, CEO, FinCap Oy, tel. +358 50 539 3098