Threestones Capital has acquired an additional clinic/nursing home facility located in Uhlstädt-Kirchhasel in the district of Saalfeld-Rudolstadt, Thuringia, Germany, for its TSC Fund - Eurocare IV investment vehicle.
Financial details were not disclosed.
The building, named Klinik an der Weißenburg, has 11,263 m2 of leasable area with a total of 210 beds split into 80 rehab units (orthopaedics and oncology), 80 rheumatism units and 50 beds for in-patient nursing care.
The property is operated by Sonic Healthcare, a healthcare provider operating in Germany and across the world.
'This mixed-use healthcare facility makes a great addition to our Eurocare IV portfolio. The facility's strategic combination of in-patient nursing care, rehabilitation units, and rheumatic therapy services perfectly aligns with the high demand we anticipate in the local area,' said Beka Pipia, portfolio manager at Threestones Capital.
The property is located close to the river Saale. Uhlstädt-Kirchhasel benefits from public transport connections to the surrounding towns and cities.
