Fundraising - MARCH 15, 2016

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Corpus Sireo to launch fourth healthcare real estate fund

by Andrea Waitrovich

Corpus Sireo, the German real estate subsidiary of Swiss Life Asset Managers, has plans to launch its fourth special fund focused on investment in healthcare properties.

The fund is targeting a gross asset value of €400 million ($444 million). It will invest mainly in assisted living properties in Germany, with a focus on western Germany. The focus is on new construction as well as existing properties.

At present, the company holds three nursing care funds with a gross asset value of approximately €1 billion ($1.11 billion).

The firm’s first fund focused on healthcare properties, Sireo Real Estate Fund No. 5, was set up in 2006 and still held 46 properties with a gross asset value of approximately €450 million ($500 million) in 2013.

The Healthcare II fund currently holds 16 properties and is still in the purchasing phase. It has invested approximately €170 million ($189 million). The fund invests in German nursing c

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