Swiss Life Asset Managers signs off market an acquisition for a nursing home in Uccle, Belgium, from ETHIAS SA Group on behalf of Swiss Life Real Estate Funds (LUX) S.A., SICAV-SIF – ESG European Healthcare fund, dedicated to healthcare investments.
Swiss Life Asset Managers announces that it has signed the acquisition of all the shares in Les Hauts Prés SA for a nursing home held by ETHIAS SA Group in Brussels, Belgium. This building is located on Rue Egide van Ophem 28, in the city of Uccle. The building is mainly let to Vesta Senior, a subsidiary of the ORPEA group, for a nursing home and various tenants in high street retail. ORPEA holds a long-term emphyteusis for the residence.
The building was built in 2011 as part of the Hauts Prés project, redeveloping a former industrial area into a new multifunctional residential area.
It is located near the Brussels ring road and Uccle-Calevoet train station (100 m) which gives a direct con-nection to the Brussels-Sud international station (7 min). Tram lines 4 and 51 and many bus lines nearby facilitate access to the building.
Created in 2018, the Swiss Life Real Estate Funds (LUX) S.A., SICAV-SIF – ESG European Healthcare fund aims to respond to structural challenges in the healthcare sector while offering investors attractive return prospects. It focuses on high-quality assets with tailor-made access to the European healthcare market and significant di-versification by geographic area, operator and sub-sector. The fund's strategy is also based on a partner-ship approach with operators to create an environment of trust to support them in their development.
"The entire Swiss Life Real Estate Funds (LUX) S.A., SICAV-SIF – ESG European Healthcare fund team is proud of this acquisition, which extends the fund's Eu-ropean coverage with this Belgian asset in a market deemed to be difficult and with a recognised operator," says Valérie Maréchal, Head of Resi&Care.
The portfolio of this European fund consists of 36 prop-erties to date: 12 senior housings in France, 16 nursing homes in Germany, 2 nursing homes in Spain, 1 nursing home in Belgium and five assets under sale agreement in Italy and Germany. Further acquisitions are planned in the near future on all European nursing home mar-kets, senior housings and psychiatric clinics.
Swiss Life Asset Managers was advised by Loyens & Loeff (legal study and structuring) for this off market operation, Socotec (technical survey) and the CBRE and JLL as the agent.