Aedifica invests in two child day-care centres in Finland

Aedifica, the Belgian listed care home specialist, is broadening its horizons and investing in child day-care centres in the Nordics. The group has acquired two centres in Finland for €8.5 million, operated by the cities of Oulu and Rovaniemi.

Oulu Mäntypellonpolku child day-care centre in Oulunsalo, Finland

“Aedifica continues to underpin the quality of its Finnish real estate portfolio by investing approx. €8.5 million in the acquisition of two brand-new children day-care centres, both operated by Finnish cities”, said Stefaan Gielens, CEO, Aedifica. “Following this transaction, the share of public operators in our Finnish portfolio amounts to 20%”.

Rovaniemi Koulukaari is a recently completed child day-care centre in Muurola, which is part of the city of Rovaniemi. It welcomes up to 100 children on a daily basis for either full- or part-time childhood education and pre-primary education. The day-care centre is operated by the city of Rovaniemi.

Oulu Mäntypellonpolku is a new child day-care centre in Oulunsalo, part of the city of Oulu. Since its opening in October 2022, it has provided childhood and pre-primary education to 150 children on a daily basis. The day-care centre is operated by the city of Oulu.

Sustainability was taken into account in the construction of the care properties. The buildings are equipped with energy-efficient systems and use district heating. This is reflected in high performance EPC3 ratings (‘A’ or ‘B’) for each of these buildings, contributing to the continued improvement of the sustainability of the Group’s real estate portfolio.

The two child day-care properties in Rovaniemi and Oulu are let on the basis of new irrevocable double net leases of 25 years and 20 years, respectively. The average initial rental yield amounts to approximately 6.5%.

Aedifica has developed a portfolio of over 610 sites in Belgium, Germany, the Netherlands, the United Kingdom, Finland, Sweden, Ireland and Spain, worth more than €5.8 billion.