New Healthcare Real Estate Fund: GvW advises VALUES Real Estate on First Property Acquisition
Having launched its new healthcare real estate fund called VALUES Health Invest II recently, VALUES Real Estate has now purchased its first investment property, a psychiatric centre in the town of Glücksstadt in Schleswig-Holstein. GvW Graf von Westphalen assisted the Purchaser in the transaction by providing legal and tax advice.
The centre is a single-tenant property with a floor area of over 15,000 m² set on a plot of 69,000 m² and is leased and operated by Vitanas Group. Following a significant gutting and redevelopment by Vitanas, the centre will house 215 beds for long-term psychiatric care.
VALUES Real Estate is a property development and investment company based in Hamburg with a focus on – among other things – healthcare properties. Its new Health Invest II fund will invest mainly in nursing homes, assisted living facilities, health centres, rehabilitation clinics, laboratory facilities and healthcare-related real estate properties.
GvW advised VALUES through its Frankfurt real estate team headed by David Wende and Thomas Schroiff and further consisting of Dr Bettina Schmitt-Rady, Johannes Schuhmann, Katharina Lanio, Alina Sturm (all Real Estate Law) and Dr Michael Engel (Tax).
News
Federal Administrative Court: Fehmarn Belt Fixed Link may be built
The Federal Administrative Court has dismissed all six pending appeals against the planning decision on the Fehmarn Belt Fixed Link. Construction of the tunnel may therefore now also begin in Germany. GvW advised the State of Schleswig-Holstein and was represented by a Hamburg team consisting of Dr Ronald Steiling (lead), Corinna Lindau, Dr Dietrich Drömann, Prof. Dr Christian Winterhoff, Dr Andreas Wolowski, Saskia Soravia, Dr Stefanie Ramsauer, Dr Annika Bleier, Felix Kazimierski and Niclas Langhans. (BVerwG 9 A 6.19, 9 A 7.19, 9 A 9.19, 9 A 10.19, 9 A 11.19, 9 A 12.19 and 9 A 13.19).
H4 Hotel Mönchengladbach at BORUSSIA-PARK: the place for that Bundesliga feeling
Football is king at H-Hotel Group’s new H4 Hotel in Mönchengladbach. Its location right next to the stadium and the theme rooms depicting the history of the Borussia Dortmund football club make this new hotel unique and a must for any football enthusiast. Our lawyers had the pleasure of advising H-Hotels Group on the creation of its first football-themed hotel and took the chance to visit this amazing place shortly after its opening.
Transport System Bögl: new local public passenger transport system a big success in China
The Max Bögl group of companies has developed a new local public passenger transport system. The system called “Transport System Bögl” (TSB) uses magnetic levitation, or “maglev” technology and provides a clean and cost-efficient means of transport for better mobility in inner city areas. The technology is becoming increasingly popular also in other countries: Max Bögl’s most recent export order was the sale of its TSB to China. The company’s plans include building a 3.5 km test track in Chengdu and extensive marketing activities to promote the technology in China – all through a sales partnership with a Chinese company.
You don't want to miss any more of the latest legal developments? And be invited to our events? Then register here.