Bird & Bird advises Hoivatilat Oyj on the purchase of a care facility portfolio
Contacts
Counsel
Finland
I am a Counsel in our Finnish Real Estate Group in Helsinki, where I assist our clients with my extensive specialist knowledge of real estate, corporate and M&A matters.
Senior Associate
Finland
I work as a Senior Associate in our Real Estate and Construction group in Helsinki. I assist our domestic and international clients with a wide range of real estate, construction, and corporate law assignments.
International law firm Bird & Bird advised Hoivatilat Oyj on the purchase of a Finnish care facility portfolio from OP-Public Services Real Estate Fund. The transaction value was approximately EUR 37.5 million.
The portfolio being purchased includes 6 care facility centres located in Helsinki, Tampere, Kirkkonummi, Kuopio and Tuusula. The centres have a total capacity for 233 residents and are operated by private care operators with long-term lease agreements.
The project was led by Counsel Tuukka Korhonen, and the Bird & Bird advisory team also included associates Joanna Puhto and Eero Husari.
Hoivatilat Oyj, founded in 2008, is part of the Aedifica group and specialises in producing, developing, owning and leasing out day care centre and nursing home premises, service communities and schools. Aedifica, incorporated in 2005, is a regulated real estate company under Belgian law and it is listed on Euronext Brussels and Euronext Amsterdam.