Infranode acquires a Finnish social infrastructure portfolio
Infranode acquires a Finnish social infrastructure portfolio comprising 13 social and healthcare service facilities from the city of Jyväskylä
The Nordic infrastructure investor Infranode has completed an acquisition of 100% interest in 13 social and healthcare service facilities and their respective plots from the city of Jyväskylä in Central Finland. The mission critical portfolio consisting of two healthcare centres, five disabled care units, five youth and child protection facilities and one elderly care unit will continue to serve public sector under long-term partnership.
Social and healthcare services are undergoing an extensive reform in Finland. As a result, the responsibility of organising health and social services in the acquired facilities will transfer from the city of Jyväskylä to regional Wellbeing Services County of Central Finland on 1st of January 2023. The transaction allows the city of Jyväskylä to focus on its core responsibilities and future investments while Infranode as a committed owner enables purposeful facilities for the newly established wellbeing county now, and in the future.
This investment, with a total value of c. EUR 84 million, is a strong addition to Infranode’s existing investments in social infrastructure. Infranode sees future opportunities in the Nordic social infrastructure sector, and in Finland specifically this is driven by the structural reform and looks forward to being a long-term and responsible partner who can contribute with expertise and capital to the sector.
“Long-term investments in assets that are crucial for the society are in the core of Infranode’s expertise. The Jyväskylä portfolio represents an essential part of the regional social and healthcare service network, and we look forward to provide functional premises for the needs of local users and population with a responsible and sustainable approach”, says Niikka Liimatainen, Investment Manager and Country Lead Finland at Infranode.
The use of the facilities will not be impacted by the ownership change. The assets will be managed locally together with facility and maintenance service providers.
Infranode is a long-term infrastructure investor with a particular focus on the Nordic countries. Infranode invests in energy, energy distribution, renewable energy, digital infrastructure, transport, and social infrastructure. Infranode has offices in Stockholm, Helsinki, Copenhagen and Oslo, and a strong infrastructure investment team with extensive local and international experience. Infranode has about EUR 1.8 billion in committed capital from long-term institutional investors, including some of the most recognized pension funds in the Nordic region. Among the investors are Finnish public sector pension fund KEVA, Lähitapiola, Storebrand, Folksam and the Swedish municipal pension fund KPA Pension.
Niikka Liimatainen, Investment Manager and Country Lead Finland
+358 45 166 3882
Photo: City of Jyväskylä