Principal Real Estate Spezialfondsgesellschaft mbH has acquired the Privatklinik Friedenweiler, a private clinic located in the Upper Black Forest in south-west Germany, for the Principal Care Invest II fund.
The vendors, which specializes in the treatment of a variety of mental illnesses, are private investors based in Freiburg. This is the second purchase by the fund following the purchase earlier in the year of another medical center in Germany.
Neither party has disclosed the purchase price.
The private clinic has been located at the building since 2011. The building had previously been used as a hotel in the 19th and 20th centuries.
“The acquisition of the Privatklinik Friedenweiler highlights our ability to source attractive healthcare properties in the clinic sector, as well as outpatient and inpatient care facilities. It further underlines the extent of our penetration into the healthcare property market,” said Paul Muno, managing dire
