140 Assisted living units sold in Zeist
The Charim Care Group Foundation (Charim) has sold 140 assisted living units to the Bewaring Mirtehof Foundation, an entity of Rubens Capital Partners.The complex consists of two structures of 8 storeys each (‘Mirtehof’ and ‘De Bladerkroon’) located at Molenweg 50 in the town of Zeist.
We have taken the strategic decision to sell the residential care complex because we wish to focus on providing the best possible home healthcare at this location. The new owner will lease the units directly to the residents, who will continue to be able to count on Charim’s home healthcare services. We will lease part of the common area and support facilities back from the new owner so that we can continue to provide specific healthcare and other services to the residents. We have also signed a cooperation agreement with the new owner stipulating that amenities such as the restaurant and place of worship will remain available to the residents. This is a complementary alliance between the investor and the care provider. Its aim is to provide real added value, both in terms of operational efficiency and client satisfaction. We at Charim feel that this is a win-win situation for all stakeholders, including the residents.
More and more healthcare institutions have decided to remove real estate from their books and have opted for multi-year leases. The sale and partial leaseback construction, combined with the cooperation agreement, mean that residents can continue to count on the availability of general healthcare services and facilities, and that Charim remains the designated healthcare provider. We have succeeded in striking a deal that benefits both buyer and seller thanks to thorough preparation and the early involvement of the Board for the Restructuring of Care Institutions.
Savills advised the buyer on the technical details of this transaction. Luz! Legal Services and Caminanda Notaries provided legal and notarial consultancy.
CBRE advised the seller throughout the process, including an optimisation study and due diligence carried out by specialists from the residential and healthcare team. CBRE was also responsible for drafting the lease and cooperation agreement and consulting on the sale.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.