AviaRent Capital Management S.à r.l. has sold the in April 2011 launched fund KinderWelten I to the French cooperation partner Primonial, one of the leading asset management platforms with over € 16 billion assets under management in the nursing and education sector.
The KinderWelten I fund, which was closed in 2016, is the largest portfolio consisting exclusively of day-care centres.
The fund, with a volume of € 54 million, has invested in kindergartens and nursery schools throughout Germany and has a total of around 2.000 places in 22 institutions. In cooperation with selected operators AviaRent has since 2011 offered a secure investment in social valuable causes.
„The social changes of recent years have made it clear that a fund for educational real estates for early childhood care is not only desired but urgently needed” says Dan-David Golla of AviaRent.
The management will continue through AviaFund Solution Services GmbH, a company of AviaRent Capital Management S.à r.l.