The “Swiss Life ESG Health Care Germany V S.C.S. SICAV-SIF” portfolio is gaining two new additions. The two facilities have a total area of approximately 7,100 square metres.
Swiss Life Asset Managers has acquired the “Frisia” portfolio for “Swiss Life ESG Health Care Germany V S.C.S. SICAV-SIF” from Shaftesbury Real Estate Investment 1 (Luxembourg) S.à r.l. This comprises two existing
properties providing full inpatient care in Emden and Wittmund, in northwestern Lower Saxony. The transfer of ownership took place in mid-March.
The “PflegeZentrum Emden” care facility was completed in 2009 and is located in the district of Barenburg, about 1.2 kilometres northeast of the centre of Emden. The care home has a total rental area of approx. 3,000 square metres, with 73 beds for full inpatient care.
The “Wohnpark Harlingerland” care facility is located in the south-east of Wittmund, close to the local hospital. The care home was completed in 2006 and consists of three identical buildings with a total rental area of approx. 4,100 square metres. The facility has a total of 95 beds for full inpatient care.
Both locations offer a good supply infrastructure in the immediate vicinity, as well as good transport connections and local recreation opportunities.
The operator of both properties is Peter Janssen Seniorenresidenzen GmbH, part of Orpea Deutschland GmbH. The Peter Janssen Group was founded in 1976 and operates exclusively in Lower Saxony in the two core areas of full inpatient care and assisted living. With around 963 full inpatient care places and 115 assisted living units spread over 13 locations, the company is one of the most experienced and established providers in the care sector in northern Germany. The company also offers special services for elderly people suffering from dementia as well as a range of short-term care places.
“With the acquisition of the ‘Frisia’ portfolio, we are continuing the fund’s success story. The two high-quality properties provide strategically important stimuli for a real estate portfolio that is both use-specific and regionally diversified,” says Nikolai Schmidt, Head of Transaction Health Care at Swiss Life Asset Managers.
“Swiss Life ESG Health Care Germany V S.C.S. SICAV-SIF” was created as an institutional healthcare property fund in 2020 and has a target volume of around EUR 1 billion in terms of assets under management. Most recently, the fund already contained certified real estate assets of more than EUR 500 million, spread across 37 properties.
The fund invests in various segments of the healthcare market, and focuses on Core and Core+ properties. It is committed to transparency with regard to ESG topics, and takes account of environmental and social ESG criteria specific to this asset class in particular.
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Communications, Swiss Life Asset Managers, Germany
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