SPA Living+ Europe plans further purchases in Germany
The investment group of Swiss Prime Investment Foundation has another senior citizen property in due diligence. So far, five properties are in the portfolio.
The starting portfolio of the SPA Living+ Europe
generated an investment return of 3.24% in the 1st half of the year. The five properties, with a market value of €46.21 million and a gross return of around 4.73%, are located in the German cities of Berlin, Chemnitz, Cottbus, Eberswalde and Freudenstadt. Capital Bay is responsible for the management and asset management of the properties, which are leased to the senior living and care specialists ProCurand and AlexA.
The investment group says it is currently considering the purchase of a senior living property with a 15-year lease and a market value of around EUR 7.2 million. This and other transactions could significantly expand the portfolio by the end of the year. The value of the portfolio is expected to reach the EUR 100 million threshold "in the near future". In terms of further expansion, the focus is on the market in Germany. (aw)
