HIH Invest Real Estate GmbH (“HIH Invest”) just acquired a day nursery in Gelsenkirchen. The standing property will be added to the portfolio of the “Zukunft Invest” open-ended special AIF. It is a single-storey building with a lettable area of around 900 square metres that opened in 1994 and was expanded in 2012. The day nursery has a generously proportioned outdoor area on a plot of about 4,300 square metres. Lessee is the City of Gelsenkirchen on a fixed-term lease ending in 2032.
The property is located in Buer, the city’s greenest and most populous district, dominated by detached and semi-detached houses and smaller multi-family homes. The day nursery accommodates five groups. The group rooms have generous floor layouts, have direct access to the outdoor area, and give children the opportunity to pick their own pastimes and to occupy themselves with a wide variety of activities. Due to its sound building structure, the attractive outdoor area, and the convenient transportation access, the day nursery is highly popular among young families.
Day-care spots for toddlers and children below the age of six are in very short supply in Gelsenkirchen. A forecast by city hall predicts a shortfall of more than 1,000 child care spots by the year 2023. Jens Nagelsmeier, Head of Transaction Management Retail at HIH Invest, said: “Day nurseries offer stable long-term returns. Moreover, the default risk is very low because of the public-sector operator, and because the demand for day-care spots is permanently strong. About 120 families are on the waiting list for a day-care spot at the acquired day nursery alone.”
Source: hih-invest.de on the 4th of February