Public Property Invest

PPI strengthens its position as a leading consolidator of health care properties in the Nordics by acquiring three care properties in Finland

Public Property Invest ASA ("PPI") has agreed to acquire three high-quality

care properties with 15 years leases and yearly 100% CPI indexed NOI of EUR

1.85 million, one in the Helsinki region and two in the Turku region, for

approximately EUR 28 million.

Hartela Oy will construct the properties under a turnkey agreement.

Construction of the properties will commence during 2025, with estimated

completion dates between autumn 2026 and spring 2027. The properties will

comprise a total combined lettable area of approximately 8,000 sqm and will

provide modern care facilities serving the growing demand for elderly care

services in the Greater Helsinki area and Turku region.

The portfolio comprises a total of 195 care places leased to well-established

tenants: 75 care places in Kirkkonummi leased to Attendo, and 60 care places

each in Kaarina and Lieto leased to Kototiimi Oy. All properties are secured

with 15-year lease contracts. Upon completion, the properties are expected to

generate combined annual net rental income of approximately EUR 1.85 million.

All three developments are designed to meet high environmental standards and

will achieve an EPC A rating and comply with EU taxonomy sustainability

criteria, demonstrating PPI's commitment to sustainable property investment.

"These acquisitions represent attractive additions to our Finnish care

property portfolio and demonstrate our commitment to grow and develop our

critical social infrastructure portfolio across Finland. By investing in

modern care facilities in growing regions, we help provide essential services

to local communities while creating stable, long-term returns for our

shareholders. Furthermore, we are pleased to establish cooperation with

Hartela for development within this segment in Finland," says Ilija Batljan,

CIO of PPI.

The transactions will be completed during Q4 2025, and development costs will

be incurred in line with the completion rate.

For further information, contact:

Ilija Batljan, CIO

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