Raue Advises HAMBURG TEAM on the Acquisition of a further Senior Housing Complex in Duisburg

Raue has again advised HAMBURG TEAM Investment Management GmbH (HTIM) on the purchase of a planned senior housing complex in Duisburg. The acquisition of the assisted living complex NIDO II was made as part of a forward deal for the Hamburg Team Wohnen 70+ fund, which specialises in housing for the elderly.

Raue had already advised HTIM in December 2019 on the acquisition of the first NIDO property in the Buchholz district of Duisburg. The seller of NIDO II is a joint venture of the Duisburg-based Blankbau Group and the project developer GMP (Nordhorn). The completion of the residential complex is scheduled for the first quarter of 2023.

The property in a central city location of Duisburg comprises around 7,500 sqm of living space. Operator of the property with 109 residential units with an average size of approx. 60 m² for assisted living, a day care and a social care unit will be Procuritas Group.

Raue regularly advises HTIM on real estate transactions in the healthcare sector.

(19 January 2021)