Acquisition of an empty hospital in Helsingör, located in the Capital Region of Denmark. Helsingör is closely linked with Copenhagen and the rest of the region through an extensive road grid and public transport network.
The project comprises a 5,300 sqm complex with 58 assisted living units let to Attendo, a leading Nordic care provider, and 108 private build-to-rent units that will be specifically adapted for seniors. The approximately 14,200 sqm site also includes a commercial unit, which is expected to become a GP surgery.
The project has a strong sustainability profile, and the building will be completely remodelled with DGNB Gold Certification.
Senior living is an emerging asset class in Denmark with demand spurred by strong demographic trends. Denmark benefits from supportive fundamentals with an ageing population and limited supply of appropriate housing.
The property was acquired in June 2021 in a joint venture with an institutional investor.