Luxembourg-based Corpus Sireo Investment Management acquired a recently completed care home in the Hessian town of Babenhausen, Germany. The financial details of the transaction were not disclosed.
Luxembourg-based Corpus Sireo Investment Management acquired a recently completed care home in the Hessian town of Babenhausen, Germany. The financial details of the transaction were not disclosed.
This is the second asset purchased for the institutional fund Corpus Sireo Heralth Care Fonds II which was launched in late 2011.
The vendor and occupier of the 112-bed Babenhausen property is K&S Group of Companies based in Sottrum, Lower Saxony. The facility will open in September 2012.
Corpus Sireo Health Care Fonds I owns 46 care centres and is Germany's largest institutional fund in this asset class.
