YIT to sell a care hybrid project to Northern Horizon’s care property fund
YIT Corporation Investor News December 16, 2016 at 1:30 p.m.YIT has signed an agreement with a care property fund managed by Northern Horizon Capital (“NHC”) to build Komiakulma care hybrid project in Jouppi, Seinäjoki, Finland. The value of the project is approximately EUR 13 million. The construction has been started in December and it will be completed in spring 2018. NHC is acquiring the care project for its Nordic Aged Care fund. The principal tenant of Komiakulma is Mehiläinen Hoivapalvelut Oy who rents 40 places for intensified care and 22 sheltered housing apartments. In addition,