Syntrus Achmea Real Estate & Finance buys four residential care facilities from Wonen bij September
Wonen bij September to remain responsible for provision of care
Wonen bij September has sold part of its real estate portfolio to Syntrus Achmea Real Estate & Finance. The sale involves four residential care facilities for elderly patients suffering from dementia. Wonen bij September will remain responsible for the provision of care at the facilities, leasing the properties back from Syntrus Achmea RE&F, where they will become part of the Achmea Dutch Health Care Property Fund. The four properties were sold for a total of €12.3 million.The facilities in question are:
- Villa Paasberg in Arnhem, a former church that was transformed into a residential care facility with a capacity for 24 patients.
- September Zevenaar, a renovated and expanded former school building that now houses 18 elderly patients suffering from dementia.
- Villa Saesveldt, a renovated country estate with a capacity for 14 residents.
- September Witmarsum, a former city hall building that was transformed and expanded to provide residential care for 17 patients, in addition to 9 assisted living units.
Fifty locations by 2023
Wonen bij September is currently going through a period of rapid growth. A year ago, two care facilities became operational, followed by the opening of the seventh location this past June. By 2023, Wonen bij September aims to grow to a minimum of 50 locations. To achieve this ambition, the group is actively looking for new locations in the Netherlands that will suit the realisation of their concept. Moving forward, Syntrus Achmea RE&F and Wonen bij September intend to continue their synergy as their partnership evolves to meet the needs of the ever-changing residential care market.
The acquisition is the Achmea Dutch Health Care Property Fund’s first foray into private residential care. In making this move, the Fund is expanding its portfolio while strengthening its position in the healthcare sector. Syntrus Achmea RE&F and Wonen bij September both acknowledge a significant change in the demand for dementia care. ‘We’ve noticed an increased desire among patients to retain a sense of autonomy, even if they do need care’, says Marco Mosselman, fund manager at Achmea Dutch Health Care Property Fund. ‘So we’re seeing a trend towards small-scale, independent and high-quality care. Wonen bij September’s care concept has proven itself time and again on these points, and we are very excited about working with them.’
Continued realisation of growth ambitions in healthcare real estate
For Achmea Dutch Health Care Property Fund’s institutional investors, working together with Wonen bij September is in line with their ambition to invest in affordable residential care for the elderly. The acquisition gives the investors a foothold in a new sector, further diversifying their investment portfolios. In addition, the purchase helps investors to fulfil their ambition of making socially responsible investments, as Wonen bij September focuses on the substantial demand for small-scale, affordable and compassionate residential care.
Wonen bij September will rely on the CBRE residential and healthcare team’s advice and expertise throughout the process.
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 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 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.