HIH Invest aquires German clinic

Telos Clinic Liblar

HIH Invest Real Estate (HIH Invest) has acquired Telos Clinic Liblar for its open-ended special AIF "Vita Invest".


The new-build core property at Radmacherstraße 83 in the Liblar district of Erftstadt in North-Rhine Westfalia, Germany, comprises approximately 3,500m2 of total leasable space. It features three above-ground floors with 62 rooms and 68 beds, as well as 21 car parking spaces.


The specialist clinic for addiction disorders, which opened in April, was built as an efficiency house to the KfW-40-Plus standard and with corresponding KfW funding: Among other things, a ventilation system with heat recovery and heat pumps as energy generators ensure that the energy consumption data are 60 percent below the requirement value for new buildings.


A photovoltaic system on the roof is available for power supply. With the sole tenant Systeam GmbH & Co. KG, there is a 25-year lease agreement including a green lease and transparency clause in terms of consumption data and carbon footprint.


Systeam has already been the operator of the predecessor facility in Liblar since 1994 and is also responsible for two similar facilities in Rhineland-Palatinate, as well as a health centre with a German-wide network of consultants.


"Through the long-term lease agreement, we generate a secured cash flow for the fund. The clinic is designed for extensive treatment periods of six months on average, which, together with occupancy and supply contracts from the pension and health insurance funds, ensures a high degree of planning security. Another big plus for the new clinic is that it brings its specialist staff from the previous facility," says Henriette Benassi, Head of Transaction Management Social & Healthcare at HIH Invest.


The location scores with good local amenities, connections to public transportation and the B 265 highway. 116,000 people live in the catchment area of up to a 15-minute drive. Cologne, Bonn, and Düsseldorf can be reached by car in less than an hour.


The legal and tax due diligence was carried out by the law firm Taylor Wessing from Düsseldorf. Consulting Partners Hamburg was responsible for the technical and ESG due diligence. Drommel Immobilien from Weitersburg was responsible for the brokerage of the property.

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