Kinland AS has completed the acquisition of three social infrastructure properties from United Bankers’ UB Finnish Properties (AIF). The total property value of the transaction is approximately €11.9 million.
The portfolio comprises three modern care assets located within Kinland’s established Nordic markets. Two of the properties are elderly care assets and one is an assisted living property. The buildings were completed between 2021 and 2022 and have high technical and environmental standards.
All three properties are fully leased to operators under triple-net lease agreements. The portfolio has a weighted average unexpired lease term, WAULT, of 13 years.