Corpus Sireo seeks to allocate €400m to healthcare
Germany-based Corpus Sireo, a subsidiary of Swiss Life Asset Managers, has €400 million ($427 million) of capital available to invest in German healthcare. The fund focuses on medical centers, assisted living, and care facilities across Germany.
During 2016, Corpus Sireo acquired 12 properties across Germany totaling €130 million ($139 million) for its Health Care Funds II, III and IV.
Five properties altogether were acquired for Health Care Fund II. This included a care home development project with inpatient care and 88 beds in Papenburg, Germany. Construction of the property by Schomaker Baugruppe from Dörpen is scheduled for completion by fourth quarter 2017. The operator is Curanum AG. In all, there are 17 properties in Health Care Fund II. The focus of this fund is to purchase care homes and properties for assisted living.
In addition, four properties were acquired in 2016 for Health Care Fund III, which was launched in 2015 with a €300 million ($32