The Belgian care investor Aedifica is acquiring a portfolio of 19 care homes in Germany from the Azurit Group. The total investment of around 245 million euros corresponds to a gross initial return of around 5%. The homes, which are spread over 17 communities in seven federal states, offer space for 2,243 residents and were built or renovated between 1990 and 2017. After the sale, the Azurit Group will continue to operate the houses. For this purpose, new non-cancellable leases with a term of 25 years are concluded. After the completion of the purchase, which is expected in the course of the next few months, Aedifica’s German nursing home portfolio is expected to exceed the EUR 1 billion mark.
Source: press release
Expansion of the European Social Infrastructure I Fund: Aviarent has acquired a portfolio of three specialist clinic properties for its open special fund. The total transaction volume amounts to 51 million euros.
On July 22, 2020, the company acquired the properties of the Oberberg Fachklinik Scheidegg in Allgäu and the Panorama Fachklinik in Scheidegg, Bavaria, as well as the Jägerwinkel private clinic at Tegernsee in Bad Wiessee in Bavaria. The three medical institutions specialize in particular in psychiatric, psychosomatic and psychotherapeutic treatments.
Read more at im – immobilienmanager.de
Kaarst / Mönchengladbach / Berlin – The Oberberg Group, the leading quality association of private specialist clinics in the field of psychiatry, psychosomatics and psychotherapy in Germany, is expanding its range of services: On April 7, 2020, the Oberberg Fachklinik Düsseldorf Kaarst will operate a fully inpatient clinic for adults in Kaarst , Children and adolescents in a modern new clinic with an attached day clinic. The city of Kaarst is located in North Rhine-Westphalia and is about 15 km from Düsseldorf and 45 km from Cologne.
Read more at Lokalklick.eu
On December 18, 2019, Aedifica signed an agreement to acquire and renovate seven nursing homes in operation.
Four of the seven nursing homes are in residential areas in Berlin (3,750,000 inhabitants); three other nursing homes are in Plön (9,000 inhabitants, Schleswig-Holstein), Wankendorf (3,000 inhabitants, Schleswig-Holstein) and Ueckemünde (9,000 inhabitants, Mecklenburg-Western Pomerania). The facilities offer space for 957 senior citizens with high care needs. The buildings date from the 1970s (except for one facility from 1994) and have already received various renovations. As part of this sale-and-rent-back transaction, Aedifica is planning a thorough renovation of these buildings in coordination with the operator over the next few years. Aedifica provides a budget of around € 28 million for this. The facilities will continue to operate during the renovation work.
Read more at Pflegemarkt.com
The nursing home specialist Aedifica is investing in the Kassel “Wohnstift am Weinberg” complex. As the company announces, it acquired the property for around 10 million euros and will invest the same amount in the renovation over the next three years. The initial return on the investment is then around 5.5%. The building at Am Weinberg 39 was converted into a nursing home in 2001, and Cosiq operates there. Of the 144 units, 97 are now intended for independent living with care services that can be booked as required. A day care center is also affiliated. Aedifica also announced that it has signed contracts with two UK operators to expand nine nursing homes in the UK. Here, the Belgian Reit expects investments of 12 million euros and a gross initial yield of around 7%.
aureus RE advised the Oberberg Group throughout the transaction and was responsible for TDD and the market value appraisal.
Source: press release
aureus RE acted in an advisory capacity for the investor group during the entire transaction, responsible for TDD, the market value appraisal and as general planner. The property is currently being modernized. As the project manager, Aureus is responsible for the refurbishment.
aureus RE advised IMMAC throughout the transaction and was responsible for TDD
Source: Immobilien-Zeitung
Hamburg – On October 23, the Belgian Cofinimmo signed the purchase contract for a psychiatric clinic under construction in Kaarst, not far from Düsseldorf. The investment volume is around 22 million euros, which, according to Cofinimmo, corresponds to a gross initial return of around 6%.A clinic with around 7,800 m² of usable space for around 70 beds and 20 day clinic places is planned. Construction work recently started and the clinic should be ready in spring 2020. A 20-year lease has been concluded with the operator, Oberberg GmbH. The client is PEG Klinik Kaarst GmbH, a project company of CC Coeln Consult GmbH, while companies from SPC Schneider Projekt Consult, which is responsible for project development, act as sellers and general contractors.
Aureus.RE from Hamburg is responsible for project monitoring of the construction project.
Source: Thomas Daily
Hamburg – aureus RE advised IMMAC throughout the transaction and was responsible for TDD
Source: DEAL magazine
Brussels – aureus RE advised aedifica throughout the transaction and was responsible for TDD.
Source: aedifica press release
Hamburg – Everyone is talking about digitization and this is especially true for practical applications around the house and apartment. Anyone planning a renovation, conversion or refurbishment asks the first question about the costs.
Using the VECTIS Planner app, do-it-yourselfers can quickly estimate the expected costs using a smartphone or tablet. In cooperation with Robert Bosch Smart Home GmbH, the mobile cost estimation app “VECTIS Planer” including the BOSCH Smart Home products is now available for download free of charge.
After the successful market launch of the VECTIS planner app in November 2016, this additional smart home application can be used immediately. The app is available in the App Store and on Google Apps.
Further information in the download press release and images:
Completion of the extensive renovations and modernizations for an office property in Regensburg. For the owner EC ADVISORS, aureus delivered – on time, on budget. 12 months of project management and control have been successfully completed.
Aureus prepares several market value reports, building structure reports and cost estimates for planned renovation and modernization measures for one of the largest social education providers in Germany.
Hamburg – VR WERT GmbH with 7 locations and over 50 partners throughout Germany is a subsidiary of DG HYP, mainly active in the valuation of commercial real estate and shows interest in the possible uses of the CORES planner cost estimation app, which is provided by aureus RE. GmbH and has been available in the Apple Store and Google play since the end of last year.
Further information in the download press release and images:
Since the CORES and VECTIS planner apps were launched in the Apple and Google stores, they have enjoyed increasing popularity and the corresponding number of downloads as they become more well-known. To further support the positive trendCores RE GmbH has been offering an elaborately produced explanatory video lasting just under 100 seconds since today and has published this on Facebook.
Natalie Kuhlmann
P +49 40 325 09 630-13
info@aureus-re.de
www.aureus-re.de
aureus RE. GmbH
Neuer Wall 17-19
20354 Hamburg
Germany
