TSC Real Estate has advised a fund on the purchase of a care home in Bremerhaven. The property occupies a central location in Bremerhaven’s Bürgerpark area and comprises 63 single rooms offering specialist care for persons living with dementia. TSC Real Estate is acting as operating partner for the fund and has been instructed with the long-term transaction consulting, asset and property management, ESG management, technical management and accounting and administration services relating to the property companies.
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The well-maintained property was constructed in 2005 and offers significant potential for downstream asset management projects. In addition to the possibility to optimise energy performance, the property benefits from a development reserve for the extension of the facility by around 30 additional care places. The 3,200 sqm home has been very well occupied for many years. The facility is operated by the owner-managed company Dr. Reide Pflegeheime, which has an excellent network of local connections. The seller of the property is a local family office.
“This established care facility is a small but a highly valuable addition to our fund portfolio. Together with the operator, we will not only manage the property to preserve its value over the longer term, but also set it up for sustainable future operation with targeted ESG projects and the addition of around 30 care places,” explains Maximilian Woiczikowsky, Director of Investment Management at TSC Real Estate.
The buyer was advised on the acquisition of the property by KL Gates (legal), Lehmann Consult (technical) and Savills (valuation).