Ailon makes debut senior living investment in Denmark with acquisition of a €45 million development opportunity

- Ailon will convert a hospital into state-of-the-art senior housing to capitalise on highly supportive demographic trends -

The project comprises c. 5,300 sq m complex with 58 assisted living units let to Attendo, a leading Nordic care provider, and 108 private build-to-rent units that will be specifically adapted for seniors. The c. 14,200 sq m site will also include a commercial unit, which is expected to become a GP surgery. Construction is underway, with completion expected in Q1 2023.

The development is located in Helsingør, north of Greater Copenhagen in the “Capital Region” of Denmark, closely linked with Copenhagen and the rest of the region through an extensive road grid and public transport network. As the fourth-largest city on Zealand, Helsingør enjoys a growing and affluent population, a vibrant and historical city centre, a green natural setting as well as several on-going and planned public and private investments. As with Europe more broadly, the senior living sector in Denmark benefits from supportive fundamentals, with an ageing population and limited supply of appropriate housing.

Lucy Jennings, Director at Ailon Group, commented: “Senior living is an emerging asset class in Denmark with demand spurred by strong demographic trends. There is considerable opportunity for growth and innovation in the sector. This is a very exciting project and will be a building with character in Helsingør”.

Savills Operational Capital Markets Europe and Colliers Denmark advised on the acquisition.