The portfolio comprises three fully inpatient care facilities, with a total of 270 care beds and 55 assisted living apartments in Würselen, Eschweiler and Meckenheim. The properties each offer more than 5000 square metres of usable space and are more than 95% occupied.
Swiss Life Asset Managers has acquired a senior care portfolio for its “Swiss Life ESG Health Care Germany V S.C.S., SICAV-SIF“ institutional healthcare real estate fund. The three fully inpatient care facilities are located near to the major cities of Aachen and Bonn and have a total of around 17 600 square metres of usable space.
“The linked portfolio is broadly diversified and the corresponding properties and their operators with good credit ratings have been successfully established in the market for years. With an occupancy rate of around 95%, the properties are almost fully occupied. The transaction shows that our network, which has been built up over many years, also offers attractive opportunities for deals in the current market environment,” says Nikolai Schmidt, Head of Transaction Health Care at Swiss Life Asset Managers in Germany.
The “Senioren-Park Carpe Diem” in Würselen, near to Aachen, was completed in 2012 and has 90 fully inpatient one-bed rooms and six assisted living units over a total area of around 5640 square metres. The rental contract with the operator “carpe diem Gesellschaft für den Betrieb von Sozialeinrichtungen mbH” will run for another 14 years plus an option for the tenant to extend it by another five years.
The “AGO Seniorenzentrum Eschweiler” is also located near to Aachen and was opened in 2012. With 94% of the rooms being single rooms, the approximately 6500 square-metre property has 100 beds for full inpatient care and 25 units for assisted living. The tenant is a subsidiary of “Alloheim Senioren-Residenzen Holding SE” and has been operating on the site since 2012. The contract runs for around 14 years more, plus an option for the tenant to extend it by another five years.
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The “Senioren-Park Carpe Diem” in Würselen (top left), the “Johanniter-Stift Meckenheim” care facility (bottom left), the “AGO Senio-renzentrum Eschweiler” (right); © Cushman & Wakefield
The “Johanniter-Stift Meckenheim” care facility is located in Meckenheim in the Rhineland, just south of Bonn. On an area of 5480 square metres, 80 single rooms for full inpatient care and 24 places for assisted living are available. Since opening 2008, the property has been operated by a Society of the Order of Saint John. The rental contract with “Johanniter Betriebsgesellschaft mbH” will run for another 14 years.
“Swiss Life ESG Health Care Germany V S.C.S., SICAV-SIF” was launched in 2020 as an institutional healthcare real estate fund with a target volume of around EUR 1 billion. Most recently, the fund already contained certified real estate assets of more than EUR 620 million, spread across 46 properties. The fund invests in various segments in the healthcare market, with a focus on Core and Core+ properties. The investment programme is committed to transparency with regard to ESG topics, and takes account of environmental and social ESG criteria specific to this asset class in particular.
Contact
Swiss Life Asset Managers Deutschland
Communications
Martin Marsmann
Phone: +49 151 72167783
media-de@swisslife-am.com