Maastricht, 17 September 2019 – The Apollo Healthcare Property Fund has concluded a purchase agreement with the housing association Domijn for the acquisition of two health and treatment centres in Enschede.
“These acquisitions strengthen the portfolio of the Apollo Healthcare Property Fund and respond to the growing demand for healthcare in Enschede,” says Michel van Oostvoorn, portfolio manager of the Apollo Healthcare Property Fund.
The health and treatment centres acquired are Twekkelerveld and Eudokia. health and treatment centre Twekkelerveld is located in the Twekkelerveld district, a residential area in the North-West district of Enschede. The health and treatment centre rents out space to various care providers, including a pharmacy, general practitioners, physiotherapists and dietitians. The Eudokia health and treatment centre is located in Stadsveld, a residential area in the west of Enschede. The health and treatment centre also offers space to various care providers, Both properties are rented out over a long-term period.
Victor Gulickx, Fund Manager: “We are very pleased with the acquisition of these future-proof health and treatment centres, which we can add to the portfolio of Apollo Healthcare Property Fund. This is a great example of the successful collaboration between Hartelt Fund Management, the Apollo Healthcare Property Fund and housing corporations. We see an continued importance of increasing cooperation between housing associations and institutional real estate investors in the future.”
Multidisciplinary health centre
A health and treatment centre is a multi-tenant building where various medical disciplines are combined. This is in response to the trend that people continue to live at home longer and receive a complex demand for care later in life. In addition, we are responding to decentralization of care whereby, among other things, treatments from the second line (hospital) are performed in a health centre.
About the Apollo Health care Property Fund
The Apollo Healthcare Property Fund was launched at the end of June 2016. The Fund invests in high-quality, sustainable and affordable care housing and facilities that benefit the welfare of the resident and user. The Fund focuses on three segments of the Dutch healthcare market: Assisted living, Nursing home and Care and treatment centers. Assisted living offers housing to people who live independently with a combination of care, services and well-being. Nursing homes focus on people with intensive care needs. This could include people with a severe psychogeriatric (including dementia) and / or somatic condition. Care and treatment centers offer space to a range of primary healthcare providers, including general practitioners, physiotherapist and a pharmacist. The target size of the Fund is 200 million euros. Doctors Pension Fund (SPH) is the cornerstone investor in the Fund.
For more information: www.hartelt-fm.com/funds/apollo-healthcare-property-fund/
About Hartelt Fund Management
Hartelt Fund Management is a boutique fund management company founded in 2013. We serve professional investors by structuring and managing innovative investment funds that are based on long-term demographic, social and technological trends. Our team consists of highly experienced professionals with a strong track record in managing real assets investment funds. As a boutique we are very focused and have a strong alignment with our clients. Hartelt has offices in Maastricht and Amsterdam and is regulated as an AIFM by the Dutch Authority for the Financial Markets (‘AFM’).
For more information: www.hartelt-fm.com
Michel van Oostvoorn, Portfolio manager Apollo Zorgvastgoedfonds
Mobile: +31 (0)6 50 99 90 76
Victor Gulickx, Fund manager Apollo Zorgvastgoedfonds
Mobile: +31 (0) 6 25 18 80 70