Aedifica completed the acquisition of Hoivatilat for €577m.

Public real estate investment company Aedifica completed the acquisition of Hoivatilat, a Finnish healthcare real estate investment company, for €577m ($644m). The offer represents a 16% premium. “Hoivatilat is an attractive partner to enter into the Nordic healthcare real estate market with a high-quality, purpose-built portfolio, a large pipeline of projects and a very experienced management team. Moreover, both companies share the same values and long-term commitment. Given Aedifica’s international growth track record and Hoivatilat’s proven build-and-hold strategy, this landmark transaction provides an excellent platform for the combined group’s future growth in the Nordics. This transaction will further establish the Aedifica group as the European market reference in listed healthcare real estate,” Stefaan Gielens, Aedifica CEO.