Corpus Sireo International, the Cologne-based fund manager which is part of Swiss Life Asset Management, has acquired a nursing home and two medical centres in Germany for a total of €30 mln on behalf of two of its healthcare funds.
Health Care Fund II acquired a nursing home in Bad Segeberg, located in the northern German state of Schleswig-Holstein. The 5,400 m2 facility is operated by Azurit on a new 20-year lease. The existing facility is operating at full capacity, and an extension will be built in order to cope with the strong local demand. With this acquisition, the fund now has 16 properties throughout Germany.
For the Health Care Fund III, which was set up in the autumn of 2015, Corpus Sireo acquired two medical centres, one in Berlin-Köpenick and the other in the Kaiserslautern region of Southern Germany. The fund now owns three medical centres.
The property in Berlin is located in Mahlsdorfer Straße 106 in Köpenick, and is virtually fully let to 18 doctor practices. The project developer and vendor of the property is Munich-based Schütz Baugesellschaft.
The property in Kaiserslautern was built in 2011; it covers a total area of 5,300 m2 and is completely let. Some 80% of the rental area is utilised by specialist practices in the field of dialysis, ENC and radiology as well as a private clinic facility.
Corpus Sireo is planning about €150 mln of investments for its health care investment vehicles during 2016, fund manager Sebastian Schlansky said.
