HIH Invest Real Estate’s open-ended German healthcare real estate fund has acquired its second asset.
HIH Vita Invest has invested an undisclosed amount to buy the recently constructed Telos Clinic Liblar building located at Radmacherstraße 83 in the Liblar district of Erftstadt in North-Rhine Westfalia.
HIH Invest said the 3,500s square metres asset has been let to Systeam GmbH & Co on a 25-year lease.
The deal represents the second acquisition for HIH Vita Invest, a fund categorised as an Article 8 product under the EU Sustainable Finance Disclosure Regulation. HIH Vita Invest’s first asset is a health centre in Michendorf near Potsdam.
The fund targets new and as-new existing medical facilities, outpatient care facilities and senior-living buildings on long-term leases to operators with strong credit ratings.
HIH Vita Invest targets a volume of at least €200 million, of which up to 50% is debt capital on a portfolio basis, the manager said.
Source: realassets.ipe.com on the 20th of June 2023
https://realassets.ipe.com/news/hih-invests-open-ended-german-healthcare-property-fund-buys-second-asset/10067287.article