Patrizia acquires portfolio of care homes and apartments

Patrizia Immobilien has acquired two newly-built care homes including serviced residential units in the German state of Lower Saxony for its ‘PATRIZIA Pflege-Invest Deutschland I’ fund. The properties, located in Cloppenburg and Wildeshausen, offer a total of 287 full-care home places and 35 day care places as well as 91 apartments. The seller of the two properties is the CL Group from Bremen, which will continue to operate the two properties. The nursing home, which was completed in 2017, has 162 full-time care places and 20 day care places. The facility in Wildeshausen, built in 2016, offers 125 beds and 15 day care places as well as a house with 25 apartments for assisted living.