Maastricht, May 3rd, 2019 – The Apollo Healthcare Property Fund has acquired Assisted living complex “De Kom” in Mijdrecht from healthcare provider Zonnehuisgroep Amstelland. De Kom consists out of 94 apartments for elderly and/or people with a healthcare need.
De Kom is located at the Mevrouw van Wieringenplein in the center of Mijdrecht. From the building, residents have a view of the cozy city center with shops, restaurants and (healthcare) facilities. The building also borders the ‘Kerkkanaal’, which is connected to the Amstel canal.
The Assisted living facility consists out of 94 apartments spread over five floors. The apartments have a spacious living room, bedroom and bathroom. In addition, there are general facilities such as a recreational room and (bicycle) storage.
“This acquisition perfectly fits in our investment strategy. We are pleased that we can guarantee housing for the elderly and/or people with a healthcare need in Mijdrecht and the surrounding areas, ” says Michel van Oostvoorn, portfolio manager of the Apollo Healthcare Property Fund. “The apartments fit in seamlessly with the trend that tenants wish and are able to stay longer at home and decide for themselves whether they would like to use (health)care or other services. This is a good example of “assisted living” in which the Fund invests. We will invest the next years to improve sustainability of De Kom and to renovate the property in order to fulfill the future demand of the target group”. The residents receive the availability for (health)care assistance. In addition, depending on demand, there will be the option of 24/7 availability of (necessary) healthcare.
The portfolio of the Fund amounts to approximately 80 million euros, divided between the segments Assisted living, Nursing homes and Care and treatment centers.
Assisted Living “De Kom” in Mijdrecht
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