Kingstone Real Estate acquires nursing home as seed investment for healthcare fund
In an off-market transaction, Kingstone Real Estate has acquired a nursing home with 70 single bedrooms in the German federal state of Baden-Württemberg for the KINGSTONE Living & Care I fund. The vendor of the property in Humboldstrasse 1 in the town of Dettenheim is GFS Bauträger- und Immobilienvermittlungs-GmbH.
The building with high-quality structure comprises a gross floor area of around 4,000 square meters (43,000 square feet) and was built in 2019. It meets all the requirements of a modern nursing home. It is situated in a residential zone in the heart of Dettenheim's Liedolsheim district, in the direct neighborhood of an elementary school. Single tenant INCURA GmbH operates a senior citizen residence under the name Senioren-Residenz Dettenheim, with 70 full inpatient nursing spaces. Besides the geriatric-psychiatric living area with sensory garden, the facility also accommodates a young care living area for patients under 60 with somatic illnesses. The nursing