Bouwinvest has acquired a €97m healthcare real estate portfolio in the Netherlands on behalf of Dutch pension fund BpfBouw.
The manager said the Bouwinvest Healthcare Fund has bought the portfolio of 11 private residential care complexes from care home operator Emeis.
The acquired assets comprise five recently completed projects in Best, Ede, Emmeloord, Heerenveen and Middelburg and six projects expected to be completed by 2025.
As part of the deal, Emeis will lease and operate all the facilities via its subsidiary Wonen bij September.
Christian Schouten, the head of Dutch transaction management at Bouwinvest, said: “We have a substantial investment target in healthcare real estate for pension funds. Thanks to the acquisition of this extensive portfolio of existing buildings and new-build projects, we are making a significant step in the important private residential care segment.
”We are also looking to the future with particular interest in existing properties or properties that can be delivered quickly.”
The Bouwinvest Healthcare Fund is an investment fund exclusively for the Dutch construction-sector pension fund bpfBOUW.
Laurent Guillot, a director at Emeis, said the disposal is in line with the firm’s ”Refoundation plan” by allowing it to sell real estate assets and strengthen its financial health.
Guillot added: “These transactions seek to reduce the group’s holding of operated assets to 20-25% in the medium term. The signing of long-term leases and the forthcoming opening of new facilities demonstrate our determination to expand in the Netherlands and the confidence of investors.”
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