HOCHTIEF Projektentwicklung has sold three care facilities to insurance company Swiss Life. The two sides have agreed to maintain confidentiality regarding the sales price. The facilities, located in the municipalities of Schöllkrippen (Bavaria), Erlensee (Hesse) and Kippenheim (Baden-Württemberg) are being realized by HOCHTIEF Projektentwicklung as a cooperative venture and will be operated by BeneVit in accordance with the house community concept.
Artist's impression of the care facility in Schollkrippen.
The three facilities offer residential and nursing places for some 215 senior citizens and will create around 180 full- and parttime jobs. They are all due to open before the end of this year. Further joint projects are in the pipeline.
"We are delighted that with Swiss Life we have found a financially strong partner who shares our philosophy of enabling people to grow old in conditions worthy of human beings and believes with us in the notion of partnership", says Benjamin Röhrborn, head of the Care Facilities unit at HOCHTIEF Projektentwicklung.
As an investor, Swiss Life finds the BeneVit house community concept convincing. "We regard retirement homes geared to the regular daily routine of occupants as a sustainable segment of the German real estate market", says Claudia Rehschuh, head of the property department at Swiss Life Asset Management GmbH, explaining her company's participation. "In view of demographic trends, demand for modern sheltered accommodation offers will increase. So Swiss Life aims to strengthen its involvement in the development of further new-generation care facilities and intends to continue its cooperation with HOCHTIEF Projektentwicklung and BeneVit."
Care facilities run in line with the BeneVit house community principle are integrated into existing residential areas in the municipalities concerned and are similar in form to ordinary houses. Depending on their size, they are divided up into four to six self-contained apartments. Each apartment has its own kitchen where the occupants can cook and eat their meals together. Twelve to 14 people live in each apartment, which has eight to ten single and double rooms, which occupants can furnish themselves or obtain fully furnished. On-the-spot staff provide assistance and support for the senior citizens in their day-to-day lives. A nursing service, organized in each building on an out-patient basis aligned to the natural daily routine of the occupants ensures high quality nursing and care to whatever extent is needed. In this way, occupants in need of care maintain their independence and remain responsible for the way in which they run their lives.