PPI acquires a care property in Helsinki

Public Property Invest ASA ("PPI") has agreed to acquire a high-quality care property in Haaga, Helsinki, Finland for EUR 14.8 million.

The property is currently under construction with an estimated completion date in August 2026 and will comprise a total lettable area of 4,730 sqm. The property will provide modern care facilities in Helsinki.

The property is pre-let to a leading care operator on a 15-year lease contract. In Finland social services are government funded. The property is expected to generate gross rental income of approximately EUR 1.3 million upon completion.

The development is designed to meet high environmental standards and is targeting BREEAM Excellent certification, is taxonomy compliant, and will achieve an EPC B rating, demonstrating PPI's commitment to sustainable property investment.

"This acquisition demonstrates our commitment to enabling the development of critical social infrastructure in Finland. By investing in modern care facilities, we help provide essential services to the community while creating stable, long-term returns for our shareholders," says Ilija Batljan, CIO of PPI.

The transaction will be paid in cash and is expected to close upon completion of construction works in August 2026.

For further information, contact Ilija Batljan, CIO, [email protected]