PORTFOLIO: FUND III
Specialist developer of elderly care homes
Founded in 2008, WI-IMMOGroup is Germany’s leading specialist developer of care homes, an asset class that is attracting considerable interest from investors driven by strong and intact macro trends of an ageing German population with a shortage of beds and high demand for safe, yielding investments. WI-IMMO sells partitioned units in care homes and retirement complexes to German retail investors.
The company currently has a pipeline of 22 projects. The acquisition gives the fund exposure to Germany’s attractive senior housing sector via the developer route where competition continues to push up asset prices of existing facilities.