Aachener Grundvermögen has acquired a modern social property for assisted living with day care in the new “Wohnen im Klostergarten” district in Laupheim, thus launching a new special fund at the same time. The Aachen Health Real Estate Fund invests primarily in real estate for WohnenPlus and age-appropriate living with service.
The facility “Wohnen im Klostergarten” is located in the southwestern part of the demographically and economically up-and-coming city of Laupheim, in a quiet, mature residential area with good connections to public transport and transport as well as local amenities and cultural offerings. The property includes 28 barrier-free apartments for the elderly, a day care centre with 20 places, a public café, a hairdressing and pedicure practice, guest rooms and areas for an outpatient service. All areas are designed to be barrier-free. The building is part of a sustainable new development district that combines various offers for older people and thus creates an innovative overall concept for living and care. The sustainable hybrid construction, the use of photovoltaics, geothermal energy and its own local heating network ensure a largely energy-self-sufficient and CO₂-neutral supply. The public café on the ground floor promotes social participation and encounters with the neighbourhood.
The facility is operated by the experienced illerSenio (until 2016 “Caritasverein Illertissen e.V.”), which will run the house in the long term and also acted as project developer.
“With the acquisition of this facility, we are continuing our strategy of making targeted investments in healthcare and social real estate and thus meeting the increasing demand for age-appropriate housing. Innovative concepts such as ‘Living in the Monastery Garden’ make an important contribution to the quality of life of older people and strengthen the local social infrastructure,” says Nathalie Winkelmann, Managing Director of Aachener Grundvermögen. Martin Hölscher, Head of Purchase of Social Real Estate, adds: “‘Living in the Monastery Garden’ is an example of sustainable construction and the successful conversion of a former monastery complex. The forward-looking care concept with barrier-free apartments, day care and supplementary services enables residents to achieve a high degree of independence and social integration while at the same time providing security in the event of increasing care needs. The public café invites you to come together and exchange ideas with younger generations. What makes the concept particularly attractive is the integration into the neighbourhood with further care and educational offers.”
Aachener Grundvermögen Kapitalverwaltungsgesellschaft is a long-term oriented real estate investment company for institutional investors, mainly from the church and retirement provision sectors. Founded in 1973 and headquartered in Cologne, the company pursues a conservative, security-oriented and long-term investment strategy in its special funds. For this reason, real estate has been purchased for over 50 years. The investment focus is on inner-city retail properties in very good locations in Germany and other European countries, as well as residential properties (publicly subsidised and privately financed housing) and social properties (barrier-free living, WohnenPlus, nursing homes). In its investment decisions, Aachener Grundvermögen follows ethical and sustainable criteria.
In total, Aachener Grundvermögen currently manages real estate assets of over 7 billion euros in 18 special funds. With its subsidiary AC+X, founded in 2017, and the start-up hystreet.com, Aachener Grundvermögen actively supports innovations in digitalization, brick-and-mortar retail, and resilient city centers.
