Internos, acting on behalf of its Care Invest I special fund, has acquired a care home in Germany from FFB Projektentwicklung GmbH.
The "Wohlbehagen am Schlossberg" nursing home is located at 19-21 Kaiserstrasse in Hagen-Hohenlimburg, North Rhine-Westphalia. The property has a total lettable area of approximately 4,700 m² of which 4,250 m² is allocated to 80 single rooms and 450 m² to ten apartments providing sheltered housing.
The property is let for 24 years to the Wohlbehagen operating company, which has a 25-year track record of providing full inpatient, outpatient and day care across four facilities in Hagen.
Paul H. Muno, the head of Internos in Germany, said: "We are pleased to have added another property, let to a well-established regional operator, to the Care Invest I portfolio. We believe there is significant potential to promote the nursing home further in the Hohenlimburg district and to significantly improve its range of care services".
Internos was advised by Terranus, Dentons Europe LLP. The technical due diligence was carried out by TA Europe.
