INTERNOS buys retirement campus in Herne for Care Invest I and sets new air conditioning standards for care homes
Frankfurt, 12 September 2017 – INTERNOS Spezialfondsgesellschaft mbH (INTERNOS) has acquired a care property under construction in Herne, North-Rhine Westphalia, for its Care Invest I fund. The vendor is Dietz & Kaffanke GbR.
Completion of the “Seniorencampus Herne-Baukau”, at Forellstrasse 46, is scheduled for November 2017. The approximately 4,850 sq m property is pre-let to Protea Care GmbH, 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 sq m 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 LLP. Chandlerkbs carried out the technical due diligence.
Notes for editors
Internos Global Investors Group (www.internosglobal.com)
INTERNOS Global Investors is a pan-European fund and asset-management platform, specialising in real estate. The owner-managed independent company develops strategic investment and management solutions for institutional investors involving property in all asset classes in Germany and Europe. In addition to its London headquarters, INTERNOS has offices in Frankfurt, Amsterdam, Paris, Lisbon, Luxembourg, Madrid and Milan. The company employs around 100 staff. It manages more than 600 properties in a total of eight countries. Internos currently has 3.5 bn Euro of assets under management.
For further information:
Paul H. Muno
INTERNOS Spezialfondsgesellschaft mbH
T +49 69 50 50 66 9 30
Jochen Goetzelmann INTERNOS
Targa Communications GmbH
T +49 69 153 24 21-0
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