INTERNOS has acquired a care property in Menden, Sauerland, for its special fund Care Invest I. The "Cramer’sche Fabrik" care home, providing 58 single and 11 double rooms, is let on a 25-year lease. Constructed in 2006, the building has a total area of 4,650 m². The vendor is ESM Bauträger & Entwicklungsgesellschaft, based in Schwalmtal. The purchase price was undisclosed.
The "Cramer’sche Fabrik", a historic industrial building in the centre of Menden, has been converted into a residence for 80 retired people by linking it with modern additions. The character of the listed monument gives the barrier-free rooms a special ambience. The facility is run by care home operator Krutmann Prosana & Co. KG.
Mathias Staudt, Fund Manager Health Care at INTERNOS, on the acquisition of the property: "The property is an ideal complement to the existing portfolio of the Care Invest I special AIF. It enjoys a good town-centre location, directly adjoining the pedestrianised zone in Menden, and the listed building features attractive industrial design."