INTERNOS has acquired a care property under construction in Herne, North-Rhine Westphalia, for its Care Invest I fund. The vendor is Dietz & Kaffanke. The purchase price was undisclosed.
Completion of the "Seniorencampus Herne-Baukau", at Forellstrasse 46, is scheduled for November 2017. The approximately 4,850 m² property is pre-let to Protea Care, Herne, on a 25-year lease.
In addition to providing 80 beds in single rooms, the care home will also have a pharmacy, a GP surgery and a physiotherapy practice. Space has also been reserved for a hairdresser, chiropodist and a dentist. The concrete core activation air conditioning system is an innovative feature, which is new to the German care home sector.
The care facility is located in more than 10,000 m² of space on a site that will also include 77 serviced apartments, various shops and an underground car park.
Commenting on the acquisition of the property for Care Invest I, Mathias Staudt, Fund Manager in charge of Health Care at INTERNOS, said: "This care home is groundbreaking, providing a ‘campus solution’ which not only includes care services, apartments and medical practitioners on site, but sets new standards in terms of air conditioning. The operator Protea Care and developers Jürgen Dietz and Bernd Kaffanke bring many years of expertise to the project."
Terranus advised INTERNOS on the acquisition. Legal advice was provided by Dentons Europe. Chandlerkbs carried out the technical due diligence.
