Hoivatilat

What Hoivatilat does

Hoivatilat Oyj is a Finnish real estate developer and long-term property owner specializing in social welfare and educational infrastructure, including elderly care homes, daycare centers, schools, and integrated mixed-use service blocks (palvelukortteli). The company builds and retains ownership of purpose-built facilities using a participatory design methodology in which end-users (children, elderly residents, staff) contribute to facility planning. Properties incorporate energy-efficient construction including geothermal heating, solar panels, and A-energy class targets, alongside centralized building automation for remote monitoring of lighting, ventilation, and heating.

Hoivatilat operates a 'Tilat palveluna' (Spaces as a Service) rental model, leasing customized properties to social and healthcare operators, municipalities, and wellbeing areas (hyvinvointialueet) on long-term contracts of typically 15-20+ years, eliminating upfront capital requirements for tenants. Its portfolio comprises approximately 230 properties across 70 Finnish municipalities, valued at approximately EUR 1.2 billion. The company is a wholly owned subsidiary of Aedifica, a Belgian publicly listed REIT and Europe's largest listed care property company with over 600 properties across 7 European countries. Headquartered in Oulu with a secondary office in Espoo and roughly 30 employees, Hoivatilat primarily pursues enterprise field sales to large care operators and public-sector procurement channels.

Name

Hoivatilat

Legal name

Hoivatilat Oyj

Website

https://hoivatilat.fi

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Hoivatilat is a Finnish real estate developer and owner that builds, owns, and leases purpose-built elderly care homes, daycare centers, schools, and service blocks to social and healthcare operators and municipalities on long-term rental contracts.

Ownership category

akta.pro rank

Product category

Healthcare Real Estate Services

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (53112), Services to Buildings and Dwellings (5617)

SIC

Real Estate Operators (No Developers) & Lessors (6510), Services-Facilities Support Management Services (8744)

akta.pro primary industry

HOA / Condominium Association Management (BPAJAFAH)

akta.pro secondary industries

Association Maintenance, Vendor & Capital Project Management (BPAJAHAM), New Development / Declarant Transition Management (BPAJAHAK)

Keywords

• Care property development
• Healthcare real estate
• Social welfare facilities
• Property rental services
• Daycare construction

Headquarters

HQ city

Oulu

HQ country

Finland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Property rental income: Long-term lease contracts (15-20+ years) with social and healthcare operators, municipalities, and wellbeing areas. Properties include care homes, daycare centers, schools, and service blocks. Rental model provides investment-free property acquisition for customers.
2. Property development and construction: Custom development and construction of care facilities, with Hoivatilat retaining ownership. Properties are purpose-built according to customer specifications through participatory design.
3. Property maintenance and management: Comprehensive property management including technical maintenance, energy optimization, and portfolio management services. Offered both as full turnkey solution and partial services.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Hoivatilat develops, owns, and leases customized care homes, daycare centers, schools, and multi-functional service blocks to social and healthcare operators, municipalities, wellbeing areas, and associations. Through its 'Tilat palveluna' (Spaces as a Service) model, properties are purpose-built with end-user participation in design, then rented under long-term contracts (typically 15-20+ years) with comprehensive property maintenance included.

Product overview

Hoivatilat operates as a real estate development and property management company offering 'Tilat palveluna' (Spaces as a Service), a comprehensive rental model for healthcare and educational properties. The portfolio spans elderly care homes (hoivakodit), daycare centers (päiväkodit), schools (koulut), and integrated service blocks (palvelukortteli). The company builds customized facilities with long-term lease agreements to social welfare and education sector operators, municipalities, and wellbeing areas. Key service modules include Portfolio Management for lease renewals and property maintenance. Notable projects include Satamatien palvelukortteli in Oulu, Mainiokoti Rakuuna in Lappeenranta, and numerous Attendo and Mehiläinen care homes. The company is part of Belgian Aedifica Group, Europe's leading healthcare real estate investment company.

Differentiator

Problem solved

Functional benefit

Products and services

• Tilat palveluna (Spaces as a Service) Hoivatilat's core rental service model where the company develops, owns, and leases customized care homes, daycare centers, schools, and service blocks to social welfare and education sector operators, municipalities, and wellbeing areas on long-term contracts (15-20+ years). Properties are purpose-built with no upfront capital investment required from the customer.
• Hoivakodit (Elderly Care Homes) Custom-built residential care facilities for the elderly, including nursing homes, service homes, and communal living solutions. Developed for operators such as Attendo, Mehiläinen, Ikifit, and Suomen Kristilliset Hoivakodit under long-term lease agreements.
• Päiväkodit (Daycare Centers) Early childhood education facilities built to child-friendly specifications, featuring adaptable group spaces, sensory rooms, and themed interiors designed in collaboration with end users. Leased to municipalities and private daycare operators.
• Koulut (Schools) Educational facilities built under the rental model for municipalities, including comprehensive schools and upper secondary schools with flexible, modern learning environments.
• Palvelukortteli (Service Block) Multi-functional complexes combining care homes, daycare centers, schools, housing, commercial spaces, and wellness services in integrated community developments. Designed to bring together different welfare functions in a single location.
• Ylläpito (Maintenance Services) Property maintenance services including planned maintenance (PTS), technical building management, energy efficiency solutions, and remote monitoring via centralized automation systems. Offered both as full turnkey solution and partial services.
• Portfolio Management Service A dedicated service managing long-term lease renewals, portfolio development, and ongoing customer relationships for existing properties. Ensures properties serve clients throughout decades of operation.

Quantifiable outcome

• Long-term rental contracts of 15-20+ years provide operational stability
• +2 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

14 partnerships are on record, tiered flagship, core and minor.

• AttendoflagshipStrategic or Co-development PartnerLong-term strategic partnership with Finland's leading care services provider. Extended agreements for 10 elderly care homes with renewal contracts. Currently building 5 new care homes in Joensuu, Rovaniemi, Turku, Kuopio, and Seinäjoki. Relationship described as 'strategic partnership' with mutual understanding of business needs.
• Mehiläinen Hoivapalvelut OyflagshipStrategic or Co-development PartnerPartnership for multiple elderly care homes including Mainiokoti Rakuuna (Lappeenranta, 52 units), Kokkola facility (50 units), and Jyväskylä projects. Mehiläinen is one of Finland's largest care providers. Joint development includes energy-efficient solutions and A-energy class targets.
• Ikifit OycoreStrategic or Co-development PartnerPartnership for elderly care facilities. Implementing 59-unit care home in Hämeenlinna (Asemanranta, €9M investment) and 30-unit facility in Pirkkala (€4.5M investment). Ikifit operates as framework supplier for OmaHäme region.
• Norlandia HoivacoreStrategic or Co-development PartnerNorlandia Toppilansalmi service block in Oulu featuring 90 round-the-clock and 34 community living units. Includes collaboration with daycare and dog daycare. Hoivatilat provides property management and maintenance services for the first time in this partnership.
• Suomen Kristilliset Hoivakodit OycoreStrategic or Co-development PartnerFamily-owned elderly care provider with multiple projects. Palvelukoti Kallio in Seinäjoki (30 units, opening autumn 2026). Third collaborative project following Rovaniemi. Values-based partnership respecting family business values.
• VesteranminorStrategic or Co-development PartnerPartnership for elderly care home development in Vihti (50 units). Local care provider.
• KaarikeskussäätiöminorStrategic or Co-development PartnerLocal foundation operating the 50-unit elderly care home in Vihti.
• YIT Rakennus OyminorOthersConstruction contractor for Hämeenlinna Asemanranta care home (€9M project).
• Raspal OyminorOthersLocal construction company for Mainiokoti Rakuuna in Lappeenranta. Selected for competitive bidding with detailed proposals and qualified references.
• SSA Rakennus OyminorOthersContractor for Turku care home project.
• Rakennusliike Lapti OyminorOthersContractor for Kuopio and Seinäjoki care home projects.
• Rakennus K. KarhuminorOthersContractor for Palvelukoti Kallio in Seinäjoki.
• Virtue HealthminorStrategic or Co-development PartnerIreland's fourth largest care provider operating The Fern Dean Stepaside, a flagship Aedifica development featuring 125 rooms, smart fall detection technology, and A2 energy rating.
• Huhti Palvelukiinteistöt OyminorStrategic or Co-development PartnerPartner in Turku, Kuopio, and Seinäjoki care home development projects.

Scale indicators6 records

Recent moves14 records

Expansion highlights5 records

Others

• SRV Yhtiöt: Finnish construction and real estate developer active in care, education, and commercial property. Operates in the same Finnish market as Hoivatilat and is comparable as a domestic construction/development counterpart.
• CapMan: Finnish real estate investment and asset management firm with Nordic property funds. Comparable as a Finnish real estate investor with overlapping sector focus and Nordic geographic scope.
• YIT: Finland's largest construction and real estate developer. Acts as construction counterpart on some Hoivatilat projects (e.g., Hämeenlinna) and is comparable as a Finnish construction/development counterpart operating in the same market.

Broad incumbents

• Castellum: One of Sweden's largest diversified REITs with Nordic commercial and community-service property exposure. Comparable in scale, Nordic footprint, and exposure to social infrastructure assets.
• Kungsleden: Swedish diversified property company owning community-service and commercial properties across the Nordics. Comparable as a Nordic investor in social-infrastructure assets.
• Heimstaden: European residential and community property investor with a meaningful Nordic presence. Comparable in long-duration residential leasing model and multi-country property scale.

Direct peers

• Aedifica: Belgian healthcare REIT and Hoivatilat's parent company. Europe's leading listed care property investor with 600+ properties across 7 countries. Most directly comparable given the shared build-own-lease model for long-term care facilities.
• Samhällsbyggnadsbolaget i Norden (SBB): Swedish community service property company owning social infrastructure including care homes, schools, and public buildings. Closely mirrors Hoivatilat's investment-free rental model for welfare-sector properties across the Nordics.
• Hemfosa Fastigheter: Swedish community service property company (now part of SBB) that historically owned and leased care homes, schools, and public-service buildings across the Nordics — a near-clone of Hoivatilat's specialized model.
• Bonava: Nordic residential developer with a growing focus on senior living and care housing. Comparable in Nordic residential/care development discipline and multi-country footprint in the region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/hoivatilat
• YouTubeyoutube.com/channel/UCEBEHkaSpo-LcRsjPTS3Tpw
• Facebookfacebook.com/hoivatilat
• LinkedInlinkedin.com/company/hoivatilat-oyj
• Instagraminstagram.com/hoivatilat

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hoivatilat