German project developer and investor Values Real Estate has acquired Medicum, a healthcare asset located in the city of Düsseldorf, from Janssen Grundstucksgesellschaft.
Financial details were not disclosed.
The new building, situated at Grälinger Straße 120a in Düsseldorf-Gerresheim, was completed at the end of 2021 and is directly connected to the on-site Sana Clinic. Sana plans to further expand the site into a medical campus.
The medical centre comprises around 4,000 m2 of rental space and 15 outdoor parking spaces and is fully let long-term with a weighted average lease term of 20 years.
Thilo Wagner, managing director of the health & social infrastructure division at Values Real Estate said: 'Medicum is a high-quality, long-term leased medical centre in a historically established healthcare location.
'Its role as a complement to Sana Hospital in the area of coma and post-operative care is unrivaled. The property therefore fits very well into the existing portfolio of our Values Health Invest fund.'
Values Health Invest carries a core/core plus risk profile and invests in healthcare assets on behalf of institutional investors. Medicum is its eighth property, after the fund was expanded due to high demand. It has additional investment funds of more than €300 mln.
Globe Transaction Advisory Services, an affiliate of the GT Group Family Office, brokered the deal on Values' behalf.
Values was legally advised on the real estate side by law firm BK&K, Munich, and by Momentum Rechtsanwälte on matters of tax law.
The seller was legally advised by Bremen law firm GHB.
