TSC Real Estate has secured a €100m commitment from an unnamed German insurer for a newly launched German healthcare real estate fund, bringing the vehicle’s total volume to just under €200m.
The new fund aims to build a diversified portfolio of outpatient healthcare real estate in regional centres and medium-sized to larger cities across Germany, TSC said, adding that “initial acquisitions are already in advanced review phase”.
The fund’s assets will include general practitioner surgeries, medical centres, medical treatment facilities and related medical infrastructure.
Berthold Becker, managing director of TSC Real Estate, said: “We are pursuing a highly contemporary and needs-based investment strategy. Based on particularly attractive fundamentals, the outpatient segments of the healthcare infrastructure offer high potential with fewer regulatory requirements than the inpatient sector.
“Out-patient medical treatment concepts offer opportunities for sustainable and stable returns and are therefore particularly interesting for long-term-orientated institutional portfolio investors.
“We are delighted that our track record, expertise and investment approach have secured the commitment from the investor and we look forward to working together in order to develop the fund into a successful long-term project, achieving both superior investment returns and a positive social impact.”
To read the latest IPE Real Assets magazine click here.
