FINLAND —Nordic Income+, a fund managed by Urban Partners, has awarded a major construction contract valued at SEK 150 million to NCC for the development of a modern residential care facility in the Herttuankulma neighborhood of Turku, Finland. Spanning approximately 4,600 square meters, the facility will feature 114 care places designed with a strong focus on accessibility, community living, and resident comfort. Construction activities are set to commence in September 2026, with project completion and handover scheduled for the spring of 2028.
This strategic project is the culmination of a collaborative, long-term development process involving the construction firm, property owners, and future facility operators. By aligning all stakeholders early in the development cycle, the partners have established a robust framework to streamline execution and optimize functional design. The initiative directly addresses the growing demand for specialized urban healthcare infrastructure, ensuring that aging populations receive high-quality care within integrated, thriving community environments.
From an environmental standpoint, the development aims to achieve a BREEAM Excellent certification by strictly implementing low-emission building materials, renewable energy systems, and smart energy management solutions. This aligns with broader European construction trends prioritizing green building standards and long-term asset decarbonization. The integration of high ecological standards reflects the increasing corporate emphasis on sustainable urban planning within the Nordic real estate sector.
For investors and commercial real estate stakeholders, the project highlights the resilient demand for needs-based healthcare assets, which offer stable, long-term yields despite broader macroeconomic fluctuations. The investment by Urban Partners via Nordic Income+ underscores confidence in Finland's demographic growth corridors, while the contract reinforces NCC's market position within the regional building sector, adding a significant order value to its third-quarter portfolio for 2026.
