KINGSTONE Real Estate (KINGSTONE RE) has acquired a fully let medical centre in Bad Säckingen, Baden-Württemberg, as an asset manager for the KINGSTONE Living & Care I special fund. The fund is administered by the service KVG INTREAL. The seller of the property is a private owner. The transaction was brokered by ProHealth Real Estate, a nationwide asset and property manager with a focus on healthcare real estate. The purchase price was not disclosed.
The property is the SECONIA medical centre at Bahnhofsplatz 1, 79713 Bad Säckingen, in a central city centre location right next to the train and bus stations. The property has a lettable area of around 2,900 square metres and is fully let.
The tenant structure is health-oriented and characterized by a high degree of stability: Almost 90 percent of the tenants come from the health sector, including specialists, a pharmacy and therapeutic and medical service providers.
The building ensemble consists of two interconnected structures: a historic villa from the 1910s and a modern extension from 2013. This combination combines the charm of historic architecture with contemporary space standards.
"Well-designed medical centres offer a steady cash flow due to the high level of loyalty of tenants to the location and a relatively stable demand for healthcare services. With the acquisition of the SECONIA medical center, we are specifically strengthening the further diversification of our portfolio," says Philipp Bach, Head of Transactions at KINGSTONE Real Estate.
"The location in the city centre of Bad Säckingen with direct public transport connections and the almost exclusively medical use make the property a strategically very suitable investment for our Living & Care fund," adds Dr. Tim Schomberg, CEO & Co-Founder of KINGSTONE RE.
Uwe Natter, Managing Director of ProHealth, adds: "As recent surveys show, institutional investors are increasingly turning to the health care sector. In my opinion, medical centers in particular offer attractive returns with long-term and stable rents. We therefore expect growing investor interest in this product."
