November 17, 2017 - Assignment

Northern Horizon acquires property for SEK almost a quarter of a billion

Northern Horizons care property fund has acquired a nursing home in Angered, Göteborg, during construction for approximately SEK 240 million.

The project includes a senior home with 72 apartments on five floors on approximately 5 300 square metres. The property is developed by Skanska Sverige AB and the tenant to be is Ambea. The construction work has begun and the project is planned to be finished during the first quarter of 2019.

Northern Horizon was advised by Mannheimer Swartling in the transaction.