Swiss pensions invest in senior living, care facilities in Germany

By IPE staff2021-06-09T12:17:00+01:00
SPA Living+ Europe, the Swiss Prime Investment Foundation’s new investment arm, has invested in senior living and nursing care facilities in Germany.
Capital Bay, the manager of SPA Living+ Europe, said it has bought five properties with a total of 254 apartments and 204 nursing beds in the assisted living sector as its first transaction for the Swiss pensions-backed investment vehicle.
The properties have a total rental area of around 28,150sqm and are located in Berlin, Chemnitz, Cottbus, Eberswalde and Freudenstadt.
Late last year, Capital Bay was hired by the Swiss Prime Investment Foundation to operate as a pan-European investment and asset manager for SPA Living+ Europe. 

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