The modern new complex offers age-appropriate housing for seniors with communal areas and day care. It is being built using an innovative wood-hybrid construction method.
Swiss Life Asset Managers recently acquired a residential property for seniors with 111 apartments in Leipzig-Neulindenau as part of an asset deal for its “Swiss Life REF (DE) European Living” open real estate fund. The seller is a medium-sized project developer from whom Swiss Life Asset Managers acquired a new senior con-struction property last year. Completion is scheduled for October 2023.
The project is an innovative new wood-hybrid building that is ideally tailored for senior citizens and, in combination with day care and common rooms, results in a successful overall concept for age-appropriate living. The day care and range of services will be taken over by a nationally established company with years of experience. The essentially two-room apartments with 54 square metres of rental space have a fitted kitchen. Most also have a balcony or terrace.
The Neulindenau district is located in the western part of Leipzig, well served by public transport (bus stop on the doorstep) and is in a largely quiet residential area, well equipped with supermarkets, other shops and medical practices.
“The project is of particular interest to the fund, as it serves the senior housing segment and thanks to the innovative timber modular construction method can be built in a more climate-friendly fashion and faster than with conventional construction methods. In addition, it will also be very energy efficient thanks to the KfW Efficiency House Standard 55EE. So I am very pleased that we have acquired the project for the fund”, says Viktoria Hoffmann, fund manager of “Swiss Life European Living”.
Further information on “Swiss Life European Living”:
“Swiss Life REF (DE) European Living” is an open-ended public fund for private investors in Germany with resi-dential properties in Europe. It is set up and managed by Swiss Life Kapitalverwaltungsgesellschaft mbH. Dis-tribution is exclusively through Deka. The investment strategy of “Swiss Life European Living” aims to address the growing demand for living space in European met-ropolitan regions and attractive urban areas. The in-vestment focus is on residential properties in regions with positive demographic and economic development. In addition to traditional forms of housing, modern forms such as micro-apartments, serviced, senior and student housing are also considered.
The full name of the fund is “Swiss Life REF (DE) European Living.” For more information about Swiss Life European Living go to https://www.deka.de/privatkunden/produkte/fonds/immobilienfonds/swiss-life-european-living
Communications, Swiss Life Asset Managers, Germany
Phone: +49 69 240031 447