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Healthcare RE

Germany

Cofinimmo launched its activities in healthcare real estate in Germany in 2014 with the acquisition of a rehabilitation clinic located in Baden-Baden. Since then, the group has extended and diversified its portfolio which now amounts to approximately 715 million EUR (as at 29.04.2022) and consists of nursing and care homes, rehabilitation and psychiatric clinics, as well as assisted-living facilities. In 2020, the group took an important step forward in Germany by signing an agreement to acquire and develop nine eco-friendly healthcare campuses. The development of healthcare campuses combining a diversified offer of healthcare services with a wide range of residences is a valuable new trend within the sector.

Portfolio fair value

715 million EUR

Occupancy rate

100%

Average residual lease length

21 years

Number of beds

5,000

Project in the spotlight

NURSING AND CARE HOME AZURIT LEIPZIG

This newly built site is located in a residential area which counts several community gardens where people can meet. The building is also located near several bus stops and a train station, making it easily accessible. It offers 132 beds spread over a surface area of almost 7,200 m². Thanks to the good orientation of this compact new construction and external sun blinds, the building requires minimal heating and cooling energy. The use of natural light as well as LED lighting results in an excellent energy performance. Moreover, the building is connected to the district heating system making it free of fossil fuels. Finally, to promote sustainable mobility, the building is equipped with bicycle parking spaces and charging stations for electric vehicles.