AviaRent acquires newbuilt nursing home in Schleswig-Holstein for its CareVision III fund

• Inpatient nursing facility with 87 rooms
• 4,400 square metres of living space

AviaRent has acquired a newbuilt nursing home in Bark in Schleswig-Holstein for its open-ended special AIF “CareVision III”.

Seniorenhaus am Segeberger Forst is set on a 18,000-square-metre site at Bockhorner Landstraße 54–56 and provides more than 87 inpatient nursing places in 86 single and multipurpose rooms. The facility consists of three interconnected sections, two of which are almost ready for handover and the third is currently under construction. The property is expected to be completed in the fourth quarter of 2019. The parties have agreed not to disclose the purchase price.

“Schleswig-Holstein is no different from the rest of Germany, the age profile is changing and demand for attractive care facilities is growing steadily. The new property in Bark meets the high standards of our fund and helps to address the growing demand in the region”, says Yenna Haack, CEO of AviaRent Invest AG.

The municipality of Bark is located in Schleswig-Holstein’s Segeberg district and forms part of the district town of Bad Segeberg. The Barker Heide, a registered nature reserve and the Seeberger Forst, Schleswig-Holstein’s second largest contiguous forest area, together with shops and services for daily needs are located nearby. The nursing facility has a bus stop directly on the property. The district town of Bad Segeberg and the town of Wahlstedt can be reached by bus within just a few minutes.

The open-ended special AIF “CareVision III” invests in long-term care facilities with a geographic focus in Germany. The fund’s investment strategy also includes investments in the development of future alternative forms of living in the “Assisted Living Plus” segment, such as senior citizens’ shared apartments and assisted living properties.