AviaRent acquires senior care residence for € 8 million for the open special fund CareVision III

The Luxembourg fund manager AviaRent Capital Management S.à r.l, the German partner of Primonial Holding, has acquired the eighth object for the CareVision III fund.

„With the purchase of the senior residence in Irmtraut, we were able to expand our care portfolio to around 5.500 places“, says Yenna Haack, Head of Acquisitions.

The „Haus am Wildgehege Irmtraut“ has a total of 115 full-time care places including 69 single and 23 double rooms on a plot of approx. 12.800 m². The care facility located in the Rhineland-Palatinate is operated by the Helvita Senioren-Zentren GmbH, which in turn is part of the Korian Group.

Further acquisitions in the region are planned. By the end of the year AviaRent will invest a targeted volume of € 75 million in the CareVision III fund.

„Well-managed, private care facilities with a high degree of specialization as well as assisted living facilities, which have a sustainable care concept and corresponding growth potential, are still in our investment focus. With our many years of experience, we also assist our tenants in the course of desired project planning and construction expansion measures in order to meet the ever-increasing demand for care places“, according to Yenna Haack.