AviaRent is acquiring another nursing home for € 10 million for the CareVision III open-ended special fund

The Luxembourg-based fund manager AviaRent Capital Management S.à r.l, the German partner of Primonial Holding, has acquired a nursing home for around €10 million in Hesel (Ostfriesland) for the CareVision III fund.

"We are pleased that we were able to expand our care portfolio in Lower Saxony even further. With the purchase of the retirement home in Hesel, the CareVision III fund now has ten nursing homes ", says Yenna Haack - Head of Acquisitions.

The "Evangelical Lutheran Nursing Home Hesel" has a total of 88 full-time care places on an approximately 22,200 m² plot, including 84 single rooms and two double rooms. The care facility has a dementia unit on the ground floor. Among other things 15 apartments for supervised living with a living space of approx. 760 m², as well as a staff residential house, belong to the stationary care.

The future operator is the Convivo Company Group. A new lease with a term of 25 years has already been signed and can be extended for five years.

The senior home is located in a residential area, bordering field and forest areas in the northern part of the integrated municipality Hesel. Doctors, pharmacies and shopping facilities can be reached within 2 km. The nearest town with regional cross connections and a hospital is the city of Leer about 15 km away.