09 September 2020

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Dutch institutional real estate manager Bouwinvest Real Estate Investors has purchased a care complex in Nieuwegein on behalf of its Healthcare Fund from Kuifmees B.V. The former office building is being converted into a care home for people with dementia and will be operated by ZorgSpectrum, a not-for-profit company in the elderly care sector, on a long-term lease. The property will be renovated in line with Bouvinest’s sustainability criteria.

The complex will provide 76 fully-equipped care units and all residents will have a private room with bathroom. Residents also have access to two communal living rooms on each floor as well as direct access to an outdoor area. The property is located in the Doorslag district of Nieuwegein, within walking distance of the St. Antonius hospital and various other local facilities.

During the transformation, a number of improvements will be included to ensure that the building meets the sustainability targets of the Healthcare Fund and Bouwinvest’s goal to make its portfolio carbon neutral by 2045. These include extra insulation, HR++ glass, solar panels and a heat pump system.

Erwin Drenth, Director Dutch Healthcare Investments, said: “This acquisition aligns perfectly with our goal to expand our presence in the care home segment. We are very pleased to add this property to our portfolio for ZorgSpectrum.”

Johan Gubbens, Real Estate Coordinator ZorgSpectrum, added: "Demand for nursing homes for people with dementia is rising in Nieuwegein. This new care complex will help alleviate the growing waiting lists for intramural care. De Kuifmees offers a pleasant and stimulating environment where something is happening all the time and residents can join in on a daily basis. We expect to open our doors in mid-June 2021.”