Omega Immobilien Kapitalverwaltungs has launched a property fund to invest in daycare centres and daycare portfolios in the Rhineland, Germany. There is already a shortfall of more than 70,000 daycare places in North Rhine-Westphalia due to rising birth rates and an increase in demand for spots caused by more mothers in work. Local councils will also continue to push for more nursery places as a result of the legal right to a nursery spot, making for an interesting project pipeline.
“We designed the closed-ended special AIF Omega Kita-Welten Rheinland in conjunction with the VZN corporation. It earmarks an investment volume of around €55m and promises high investment security”, said the member of the Executive Board for funds at Omega Achim Grafen.
“With this fund, we are actively tackling the supply crisis in nursery care. By supporting public and non-profit providers, providing them with new nurseries and helping them run sustainably, we are also meeting our social and educational responsibilities in our home region”, said Uwe Zeidler, managing director of the VZN in Dusseldorf, explaining the basis for the investment.
Martin Herkenrath, executive director of the OMEGA group, added: “This product allows us to tap into another market niche – as we did with our predecessor fund HMG Grundwerte Rheinland – where we have the necessary market transparency and access to products.”
