AviaRent is acquiring two nursing homes for the open-ended special fund Care Vision III

AviaRent Capital Management S.à r.l., the German Partner of Primonial, has required two retirement homes for the CareVision III fund, which launched at the end of 2016 for a total purchase price of around € 16 million. With the purchase of the two nursing homes in the federal states of North Rhine-Westphalia and Lower Saxony, the fund manager was able to expand its care portfolio by 148 care units.

The first investment is the fully-stationary “Seniorenzentrum Lübbecke“ (€ 9.1 million), which was completed at the end of 2017 and being operated by the QualiVita GmbH. The senior accommodation has a total of 80 handicapped accessible and modern furnished single rooms on two floors. The plot size is approximately 6,400 m².

The second investment is the “CMS Pflegestift Bremer Weg“ in Celle (€ 7.25 million) from 2007 with a total of 68 single rooms on a plot of approximately 4,700 m². Operator of this nursing home is CMS Dienstleistungen GmbH.

“With the purchase of the two retirement homes, we have now expanded our whole care portfolio to a total of 43 properties with around 3.650 care places and 1.050 residential care units“, says Dan-David Golla, CEO.