Login Search Infrastructure Equity Credit About Team ESG News Careers Contact Velfra – Reshaping lives and healthcare in Norway Case study View all investments Overview of investment Velfra is a social infrastructure investment that consists of four rehabilitation centres, 39 specialist care homes, seven pre-schools and two elementary schools in Norway, largely located in the Greater Oslo region. All facilities are operated by counterparties that act under public procurement service agreements with Norwegian municipalities or regional health authorities. Public benefits: Improving care for the elderly Access to high-quality education Opportunities for excluded and vulnerable people Sector Social infrastructure Investment date April 2018 Fund DIF CIF I DIF ownership stake 40% 39 specialist care homes 2,000 per annum Residents benefiting from improved health and education facilities: approx. ESG impacts Velfra’s vision is to contribute to a more sustainable society and it has committed to clear climate and environmental ambitions for its real estate portfolio, with a special focus on social sustainability. Effective governance, ethical business conduct and support for a skilled workforce underpins Velfra’s business success. Social mobility In 2020, Velfra joined an initiative to offer young people with social difficulties apprenticeship opportunities such as carpentry and other repair works in care homes. It has also collaborated with a local agency to employ both long-term unemployed people and immigrant workers, helping those often excluded to return to the job market. Improving operations The firm is also committed to supporting welfare services of the highest quality. For example, Velfra acquired two properties on behalf of one of its operators, who required additional properties on short notice to provide welfare services to children from challenging backgrounds. Reducing emissions Velfra also recognises the importance of playing its part in tackling climate change and works with it tenants to reduce energy consumption and emissions as well as demanding its suppliers to meet environmental certification standards. “Velfra acts as an essential part of the Norwegian health and care system by providing specialised facilities to its operators, thereby enabling high-quality of care and education offered to society. The firm is establishing itself as a leading light on social sustainability in Norway.” Marieke Lely, Director, Asset Management, DIF Capital Partners Further case studies Previous Toledo Hospital – Healthcare for people and planet at Toledo Sector – Digital infrastructure Next Netherlands (HQ) +31 20 717 3151 Australia +61 2827 89790 Canada +1 437 538 3873 Chile +56 2 2402 4929 France +33 1 7170 4040 Germany +49 69 7191 8970 Luxembourg +352 26 27 21 22 Spain +34 91 737 87 78 United Kingdom +44 20 3873 2333 United States - © 2021 Disclaimer