AviaRent acquires three Care Projects for the fund CareVision III – supplement

AviaRent Capital Management S.à r.l. acquired already beginning of the year for a total price of around 40 million Euro three nursing homes, two in North Rhine-Westphalia and one reconstructable object in Rhineland-Palatinate for the fund CareVision III.

„With the already invested capital and the imminent certification of further properties, we are in the targeted schedule and investment volume with our CareVision III fund”, says Stephan Dietrich, Acquisitions.

The first object is the St. Pantaleon Senior Centre located on the Rhine at Scheurener Street 38 in Unkel (about 15 million Euro). The senior residential centre was built in 1994 and has a living area of about 8.250 m² with 40 single rooms and 27 double rooms, as well as 87 residential units for supervised living. The object is located in the district of Scheuren, 30 minutes away from Bonn.

The second acquisition is the Klosterresidenz Maria Hilf at Marienstraße 1 in Bedburg-Kirchherten (approx. 10 million Euro) from 2008. This nursing home has a rental space of approx. 5.059 m², over 88 beds, including 76 single rooms and 6 double rooms. The object is located in a quiet location in the Bedburger district of Kirchherten. Bedburg is located in the Cologne Bay between major cities of Düsseldorf, Cologne, Mönchen-gladbach and Aachen. The complex is surrounded by a park and shielded from the main street by a gatehouse.

The third object is the reconstruction object Essen (approx. 15 million Euro) with an expected completion in July 2018. The object is converted into a nursing home, con-sisting of inpatient care, supervised living, residential groups and commercial areas. 22 residential units for residential groups, 15 residential units for assisted living and 79 residential units for residential care are planned.

The object is centrally located in the city of Essen, in Martin-Luther-Street 118-122 in Essen. A tram stop is right in front of the property and a S-Bahn station is within walk-ing distance. The hospital in Essen is a 10-minute drive away and a pharmacy for med-ical care is located directly opposite of the establishment.