German investor and developer Values Real Estate has acquired a medical centre in Germany for its Values Health Invest fund from Vestinas Vermietungs.
Financial details were not disclosed.
The asset, which is located in the city centre of Delmenhorst, is an outpatient care facility. It is situated close to the station in the centre of the medium-sized town on the outskirts of Bremen.
Comprising around 3,200 m2 of rental space and 78 underground parking spaces, tenants in the fully-let property include 12 different medical practices, a pharmacy, a medical supply store and a café.
The medical center was built in 2012 and modernised last year.
Dr. Henning Klöppelt, chief investment officer of Values Real Estate, said: 'Medical centres and day care centres, like the property purchased in Delmenhorst, will increasingly take on the role of basic medical care in Germany.
'They are therefore an exciting and at the same time secure growth segment. On the investor side, we are registering enormous interest - fueled also by the latest EU resolutions on sustainable financial products.'
The Values Health Invest fund, which has a core / core plus risk profile, invests in medical centres and medical care centres on behalf of institutional investors.
It has a target volume of over €300 mln and currently has additional investment funds of more than €200 mln.
The fund was launched in the autumn of last year. The Delmenhorst asset represents its fourth property.