BNP Paribas REIM acquires senior care facility in Stade (DE)

care facility in Stade, Germany

BNP Paribas Real Estate Investment Management (BNP Paribas REIM) Germany has acquired a care facility in Stade, Germany, for the European Healthcare Property Fund (HPF Europe), which was launched in 2020. The facility was developed by Hamburg-based Senectus GmbH, which specialises in the development and construction of senior living facilities in northern Germany. The long-stay care facility with space for 131 residents officially opened its doors on 1 June. The facility is run by the K&S Group. The project’s general contractor was ELBE Baubetreuungs-GmbH.


The care facility is close to the city centre and offers residents a high-quality and comfortable environment featuring a variety of cafes, restaurants, medical facilities and green spaces in the immediate vicinity. It was built in compliance with the KfW 40 standard and boasts excellent energy efficiency. A large section of the flat roof is equipped with a photovoltaic system. The innovative project was developed in cooperation with Madaster, which means that data on all materials and components used in the property are recorded in a register. That makes it possible to access information on the ease with which materials can be separated and reused as well as data on bound carbon emissions and material toxicity.


Demographic change is one of the main drivers behind the growing importance of this asset class, both economically and socially. At BNP Paribas REIM we factor this into our investment strategy and the property in Stade is a perfect fit. We have acquired numerous sustainable properties in recent years with a strong social impact and will continue to do so in the future,” said Isabella Chacón Troidl, CEO of BNP Paribas REIM Germany.


The fact that the new-build is so self-sufficient will reduce a large amount of carbon emissions and keep service charges low for the operator,” added Torsten Rieckmann, Managing Partner at Senectus GmbH.

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