Munich, April 6, 2020 – TA Europe advised the investor AviaRent Invest on their largest investment of the last ten years. The asset manager acquired care properties worth €185 million for the European Social Infrastructure (ESI I) fund, which it set up two years ago together with Primonial. TA Europe carried out the complete technical due diligence for six of the twelve properties. The long-term tenants of the nursing homes and assisted living facilities are Pro Seniore, Korian and Cura.
The properties examined by TA Europe are located in Rhineland-Palatinate, Lower Saxony and Saxony and cover a total area of over 35,000 sqm.
Lawrence Wainwright, Partner at TA Europe, says: “We see a growing demand for care properties on the investor side, which is only logical in the light of the increasing ageing of society: currently, capacities do not exist to the extent they will be needed in the future. Thanks to our many years of experience, we know care properties particularly well – so we know what to look out for in technical due diligence”.
Oliver Spiewak, Senior Transaction Manager at AviaRent Invest, adds: “Indeed, the investment potential in nursing homes and assisted living is growing – and the successful completion of our transaction clearly reflects this. We are delighted that TA Europe has joined us as a technical advisor – their expertise in the healthcare sector has been very valuable to us”.