11 July 2022 Press releases

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).


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