Investors set up senior living platform

Corpus Sireo Real Estate, Cologne, and Addvalue Capital, Munich, have formed a joint venture called Belvita Invest.

The goal of the venture is to develop care homes and assisted living in Germany, for which there is a persistently high and demographically supported demand in the market.

Belvita Invest is looking for properties in Germany with more than 4,000 square meters (43,000 square feet) for the construction of senior housing. Central locations in communities with more than 15,000 inhabitants are eligible for the acquisition. Immediate proximity to shops, pharmacies, doctors and public transport is also required.

Initially, Belvita Invest would like to hold the real estate, which is realized according to uniform, state-of-the-art standards, and possibly sell it individually or as a portfolio at a later date.

Due to the rising demand for new and replacement investment, around 300 nursing homes would have to be built annually in Germany by 2050, while, in fact, there are typically around 150. In housing assisted, the gap between supply and demand is even wider.