Stuttgart, January 16th, 2022 – AIF Capital Group, a specialist for regulated alternative investment funds, has acquired a projected residential quarter for the assisted living sector in Saarbrücken. The purchase is for the open healthcare fund AIF Fürsorge I. With the planned residential quarter Am Anger in the Saarland state capital, AIF Capital is expanding the location and operator diversification of the investment vehicle, which now comprises nine assets. The seller and project developer of the residential complex is IFA Gesellschaft für Immobilien GmbH & Co. KG from Schillingen near Trier. The parties have agreed not to disclose the purchase price
The investment property is the realization of a residential quarter for assisted living in a central location of Saarbrücken-Dudweiler. The property has a site area of approximately 4,400 m² and is located on Theodor-Storm-Strasse. The planned residential quarter consists of three buildings with a total rental area of around 6,300 m2, divided into 84 apartments with apartment sizes ranging from 45 to 170 m². The residential complex includes 84 parking spaces in the district’s own underground garage.
All buildings are being constructed according to the KFW Efficiency House 40 standard and are characterized by a future-oriented and sustainable building design. The roofs of all buildings are greened. The car-free neighborhood has generous green and recreational areas as well as a high residential, leisure and recreational value due to many walking and hiking trails in the surrounding forest areas. The residential complex also has high third-party usability. Completion is scheduled for 2023.
One of Europe’s leading operators and service providers in the areas of full inpatient care, day care and assisted living is acting as the tenant and operator.
Daniel Wolf, managing director of AIF Management GmbH, says: “The assisted living segment is increasingly in high demand. The living circumstances of the older generation and individual support needs are very heterogeneous. The various housing and care options for seniors will therefore continue to differentiate in the future. With the acquisition in Saarbrücken-Dudweiler, we are thus further diversifying our portfolio in the healthcare sector. With this investment, we are also ensuring further operator and location diversification for AIF Fürsorge I.”
The Am Anger residential quarter in the Dudweiler district of the Saarland state capital is located directly next to the Bürgerpark and the Bürgerhaus of Dudweiler and is very well connected to public transport with stops in the immediate vicinity. The city center and the main train station of Saarbrücken can be reached in a few minutes by car. All facilities for daily needs are located in the immediate vicinity and can be reached on foot in a few minutes. Saarbrücken is also connected to the national transport network via the A1, A6 and A623 freeways.
AIF Capital was legally advised by Mayer Brown on the transaction and by CBRE on the technical due diligence.
Source: IFA Gesellschaft für Immobilien mbH & Co KG
About AIF Capital Group
AIF Capital Group is a real estate manager and specialist in regulated alternative investment funds for institutional investors. As investor, trustee, KVG with BaFin license and asset manager, the company offers investors high-yield and sustainable real estate investments. The company is a member of the ECORE and ICG sustainability initiatives and is a signatory of the UN PRI. The group of companies was founded in 2006 in the private bank Ellwanger & Geiger and was fully acquired in 2017 as part of a management buyout. The company pursues the goal of making classic real estate asset management innovative and dynamic, while offering a high quality of service. The group employs 43 people, has equity of 5.6 million euros and currently manages assets (AUM) worth around € 1 Billion.
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