PPI Public Property Invest AB ("PPI") has agreed to acquire a high-quality ESG
compliant care property at Hervanta, Tampere, Finland for ca. EUR 23.3
million. Hartela Oy will construct the property under a turnkey agreement.
The modern care property will comprise 149 care places leased. Esperi Care
will occupy 89 places and Rinnekodit 60 places, providing elderly and special
group care in the facilities. Construction is expected to commence in
September 2026, with completion anticipated in November 2027.
The property is expected to generate annual net operating income (NOI) of
approximately EUR 1.5 million reflecting a net yield of 6.45%.
"Another sizeable care unit in central location further strengthens our
Finnish social infrastructure portfolio. Tampere is one of Finland's most
dynamic growth cities and accordingly strategic location for us. We are also
happy to continue our successful partnership with Hartela.", says Ilija
Batljan, CIO of PPI.
For further information, please contact:
Ilija Batljan, CIO
ilija@publicproperty.no
CIO\
ilija@publicproperty.no\