07 December 2020
Bouwinvest’s Dutch Healthcare Fund has acquired two assisted living assets in Eindhoven from Archipel, adding a total of 139 apartments with excellent access to care facilities to its portfolio. The Warande and Leilinde complexes are both located on the Zorgcampus Zuiderpark (Zuiderpark Healthcare Campus) in the southern Dutch city of Eindhoven.
The two properties in the southwest Gestel district of Eindhoven are positioned in the mid-range rental market segment for seniors with potential care needs. Each of the spacious apartments has at least two bedrooms and its own outdoor space. The park-like environment in which Zorgcampus Zuiderpark is located and its many facilities provide an important care and assisted living hub for the surrounding community. The properties have an A or B energy label and further sustainability features will be implemented in the future, in line with the Environmental, Social and Governance (ESG) goals of Bouwinvest’s Dutch Healthcare Fund.
Erwin Drenth, Director of Dutch Healthcare Investments, said: "This acquisition is a perfect match with the Healthcare Fund’s ambitions to further expand its portfolio in the mid-market rental segment. Both complexes meet the growing need for accommodation that allows older people to live independently for as long as possible and decide for themselves whether they want to make use of care or other services. This is a good example of the type of assisted living accommodation we are happy to invest in.”
Eppie Fokkema, Chairman of the Board of Archipel, added: "We wanted to sell both housing complexes to a landlord who is interested in making a long-term commitment to this neighbourhood in Eindhoven. We are pleased to have teamed up with such a well-known investor as Bouwinvest and they really lived up to their social focus reputation during the sales process. It’s good news for the neighbourhood that Bouwinvest aims to invest further in assisted living there together with Archipel."