Hogan Lovells with PATRIZIA on acquisition of senior care residence from Cureus

Led by Hamburg-based Counsel Claudia Wolf (PICTURED, Counsel, Hamburg) and with a team composed of Dr. Dirk Debald (Partner, Hamburg), Katia Fernandez (Senior Associate, Hamburg), Sabrina Greubel (Counsel, Munich) (all Real Estate Law); Dr. Mathias Schönhaus (Partner, Berlin) and Sadaf Khalili (Associate, Hamburg) (both Tax Law), Hogan Lovells advised PATRIZIA, an international investment manager for real estate and infrastructure, on the acquisition of a senior care residence through an asset deal from Cureus, a developer and portfolio holder specializing in residential care properties.

The transaction involved a facility in Sankt Augustin near Bonn, which is leased on a long-term basis to care specialist compassio. The distinctive property was completed in 2019 following Cureus’s systematic approach and meets KfW-40 energy efficiency standards. It comprises 4,700 square meters of gross floor area with 80 places for full inpatient and short-term care, as well as ten assisted living units.

The PATRIZIA Social Care Fund III continues its successful growth with this acquisition. The team led by Dr. Dirk Debald and Claudia Wolf has been supporting PATRIZIA for many years across a wide range of complex real estate mandates and possesses extensive experience in healthcare sector transactions. This marks the third transaction that the team has successfully executed for PATRIZIA in this constellation with Cureus.