NREP, has announced that its NREP NSF V Fund has completed the acquisition of a portfolio of 22 properties for approximatly €420 million across Sweden, for management by its social infrastructure platform Altura. The portfolio was acquired from Vectura and is comprised of 20 care homes and two pre-schools, and the deal represents Sweden’s largest ever transaction in this asset class.
With a total leasable area of 99,500 square metres, the properties are located across 18 municipalities, in the Stockholm, Mälardalen and Dalarna regions as well as the southern and western parts of the country. The majority of the properties were built between 2018–2022 and offer a setting for the provision of modern care to elderly.
Source: nrep.com on the 2nd of June 2023
https://nrep.com/news/nrep-acquires-e420-million-swedish-care-home-portfolio/