M&G Real Estate has acquired an €82.5 million ($93.7 million) senior living scheme in Erftstadt on behalf of its €578 million ($657 million) European Living Property Fund, marking its first investment into the German senior living sector. The fund launched in 2023 and aims to provide institutional investors with attractive risk-adjusted returns through investment into Europe’s residential sectors — student housing, single and multifamily housing, and retirement living.
The scheme will be leased on a 25-year term to Schönes Leben Group, who since 2017 has become Germany’s fastest-growing provider of premium-quality senior living residential accommodation, with more than 700 beds in six locations.
Built to the highest sustainability standards with premium-level amenities, the 17,826-square-meter (191,878-square-foot) new-build scheme includes 163 self-catering apartments with a small share of care units designed to ensure that individuals with higher care
