HPP advised Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”), a Nasdaq listed real property investor specialized in community service properties throughout the Nordic region, in an acquisition in which SBB agreed to acquire a portfolio of 48 properties, of which 27 properties are used for elderly care homes, 11 properties are used for preschools, and 10 properties are used for care. The seller of the portfolio was Special Investment Fund eQ Care.
The transaction value is EUR 142M making it the second largest care portfolio deal ever done in Finland. The closing of the transaction has been agreed to take place on April 29, 2019.
HPP acts as the legal advisor to SBB in the transaction.