AEW, a global real estate investment and asset manager, has announced the acquisition of a healthcare sector educational facility in Berlin. The seller of the property is Pantera AG, a company of Nexity SA. The purchase was made on behalf of an existing fund specialising in healthcare real estate and aimed at French private investors. This transaction marks the fund's first acquisition in the German market.
The property comprises an area of approximately 4,700 square metres and is centrally located on the campus of Unfallkrankenhaus Berlin (UKB). The asset is leased long-term and indexed, with a weighted average unexpired lease term (WAULT) of over ten years. The current tenants operate in the healthcare and education sectors and maintain close ties to the UKB and its entire healthcare and education ecosystem.
Property Characteristics and Location Advantages
The historic existing building was recently comprehensively modernised by Pantera AG. Additionally, a state-of-the-art extension was constructed. The combination of existing and new buildings offers modern, high-quality spaces specifically tailored to the requirements of users from the healthcare and education sectors. Tenants benefit from the established infrastructure and specialised environment of the UKB campus. The property also helps to meet the growing space requirements on the campus. The location is well connected to Berlin's public transport network, with bus and underground stations within walking distance.
Fabian Dahlmanns, Investment Director Germany at AEW, commented on the acquisition, highlighting that this investment combines the essential characteristics sought by the fund: a modern, well-located property, crisis-resilient uses and secure cash flows supported by established tenants with strong connections to the UKB campus. He further emphasised that the transaction offers attractive ongoing returns and high income security, as well as exposure to resilient uses in the healthcare and education sectors. The acquisition of this property also demonstrates the ability to secure high-quality investments with strong fundamentals in a competitive market.
Antoine Barbier, Head of AEW Patrimoine, added that this acquisition in Berlin represents an excellent example of the diversified European healthcare real estate strategy, which aims to build a geographically balanced portfolio with a focus on healthcare properties in Europe. This provides investors with robust and sustainable returns, while simultaneously investing in state-of-the-art facilities tailored to the needs of the next generation of healthcare professionals.
Advising Parties
- —AEW was advised on this transaction by Noerr, TA Europe, and Nova Ambiente.
- —JLL acted as advisor to the seller.
