ÄHF Immobilienfonds GbR has sold Ärztehaus Friedrichshain to the Canadian NorthWest Healthcare Properties REIT. In terms of deal volume, the transaction is one of the largest deals in the asset class of ambulant health centres in Germany. GvW Graf von Westphalen provided legal advice on the sale and liquidation of the fund.
The fund was the owner of the Friedrichshain medical centre, one of the ten largest ambulant health centres with over 40 specialists and practitioners and over 100,000 patients annually. Kai Treichel (MBA Oxford) has succeeded in consolidating the fund company and significantly improving the earnings situation of the traditional medical centre. The real estate portfolio includes two multi-storey buildings with a total floor area of 7,000 m², which are completely leased to more than 25 medical and joint practices as well as nine medical service providers and medical-related retailers.
With this health centre, NorthWest Healthcare Properties REIT is further expanding its portfolio of healthcare properties in Germany. The Canadian company invests worldwide in healthcare properties such as clinics, hospitals and medical centers, primarily in its main markets Canada, Brazil, Germany, Australia and New Zealand. For NorthWest Healthcare Properties REIT, the acquisition of the Friedrichshain medical center is the largest acquisition in the ambulant sector in Germany to date.
GvW advised the fund on the sale of the properties and the liquidation under the lead management of its Berlin partner Dr. Lorenz Czajka with a team consisting of Dr. Sven Donner, Johannes Räther (both real estate and construction), Dr. Holger Kühl (labour law, all Berlin) and Dr. Magnus Dorweiler (corporate law, Frankfurt a.M.). Clifford Chance advised the Canadian investor on the acquisition.