16 Jul Threestones Capital Acquires a Nursing Home in Schwarzach, Baden-Wurttemberg, Germany for TSC Fund – Eurocare IV
Luxembourg, July 2024 – Threestones Capital is pleased to announce the acquisition of a high-quality nursing home in the municipality of Schwarzach, located in the federal state of Baden-Württemberg, Germany.
Constructed in 2022, the facility offers a total lettable area of 4,452 sq m and features a renewable energy system combining a heat pump and photovoltaic technology. With high-quality, modern interior fittings, the property enhances the TSC Fund – Eurocare IV portfolio with a strong and sustainable asset. The nursing home, which provides 71 beds, is operated by Cosiq GmbH under a newly signed long-term lease. Cosiq is a well-established and rapidly growing healthcare operator in Germany.
“The property is a newly built asset in excellent condition, featuring 100% single rooms. With a consistently high occupancy rate of over 95%, it clearly demonstrates the strong demand in the surrounding region. The transaction was structured as an OpCo/PropCo deal, highlighting Threestones Capital’s ability to source attractive opportunities in a fragmented market and create value by institutionalising individual operations.”
Threestones was advised by K&L Gates (legal), Savills (valuation), JLL (technical) and TSC Real Estate Germany (advisor).
