In a forward deal, Real Blue Kapitalverwaltungs-GmbH, the asset management company of the Drees & Sommer Group, has acquired another integrated residential and nursing home for its open-ended specialized AIF Real Blue Senior Living. Seller of the property development is an affiliated company of Stuttgart-based KIAG Group.
In total, around 7,500 square meters of residential space and service areas is being built. The complex is being constructed in line with the energy efficiency standards 40 and 55 EE of the German KfW Development Bank. Construction is scheduled to be completed by mid-2023. The buildings will have a forward-looking and environmentally friendly heat supply that uses wood pellet boilers and peak load condensing gas boilers. A photovoltaic system is being installed on the roof, primarily for the operator’s own use.
The transaction is the second seed investment in an acquisition pipeline for the open-ended specialized institutional investment fund Real Blue Senior Livinglaunched at the beginning of the year. The investment fund pursues an investment strategy that complies with Article 8 of the EU Sustainable Finance Disclosure Regulation (SFDR) and also promotes social and environmental aspects. Further investment properties for acquisition and inclusion in the fund portfolio are being analyzed.
For further information please see the press release.