TSC Real Estate has advised a Luxembourg-based fund on the purchase of a care home located in the state of North Rhein-Westphalia. The purchase price was approx. €10 million. The home is the Seniorenresidenz Vivaldi, a fully in-patient care facility located at Thünenstrasse 33, 58095 Hagen.
The four-storey property was constructed in 2008 and has a total usable residential area of around 3,989 m². The home offers 62 high-quality care places in single rooms with areas of 21 m², 10 assisted living apartments with areas of 45 m² and 8 comfort rooms with areas of 32 m².
The care home is located next to an established new-build residential district and a neighbouring retirement home. Within walking distance at around 900 m from the property is a bus station offering direct connections to Hagen railway station plus the many shops and cafés in Hagen city centre.
As part of the property acquisition, the business was taken over by the Dorea Gruppe, which is equipped to operate all types of residential and care facility in the property, in particular inpatient care, day care, residential groups, assisted living and intensive care. The lease contract has a term of 25 years.