Syntrus Achmea Real Estate & Finance has purchased the new intramural residential healthcare complex Westhovenplein in The Hague. The complex will be added to the rapidly growing portfolio of the Achmea Dutch Health Care Property Fund (ADHCPF). Delivery is planned for the second quarter of 2019.
The new complex is located in the Moerwijk area and consists of 119 intramural sheltered housing units, distributed across three buildings. The 936 m2 plinth will provide space for a primary care centre and a neighbourhood restaurant with welfare facilities, which will contribute to the improvement of the neighbourhood. Residents will have their own apartments and share a common living room, kitchen and exterior space.
The design takes into account a possible energy supply which does not involve the use of natural gas. This suits the municipality's wish to be CO2 neutral by no later than 2040. The residential healthcare complex is being developed by Stebru and provided on a long-term lease to the Saffier Healthcare Institution. Activities have already commenced.
"This acquisition matches the healthcare real estate fund's strategy to further expand into locations where demand for sheltered housing is the greatest," says Marco Mosselman, Fund Manager, Achmea Dutch Health Care Property Fund. "The Westhovenplein residential healthcare complex strengthens the core character of the portfolio, reduces the concentration risk and improves the risk-return profile. That makes it a good fit for the needs of institutional investors."
Last year, Syntrus Achmea RE&F expanded its healthcare real estate fund portfolio with several objects, including De Makroon in Amsterdam and Klaasje Zevenster in Amstelveen. These complexes combine lifetime apartments with intramural sheltered housing units. Furthermore, the healthcare centre Dudokpark in Hilversum and the Zorgboulevard Zaandam were added to the fund. These complexes offer a combination of primary and secondary care.
The ADHCPF is the first and largest Dutch investment fund to specifically focus on healthcare real estate. The portfolio consists of 19 objects and has a total value (including pipeline) of €298 million. The ambition is to continue to grow towards €500 million in 2019. In 2016, GRESB Real Estate Assessment named the fund the world’s most sustainable healthcare real estate fund.