TSC Real Estate has paid slightly less than €10 million ($10.2 million) for the St. Willehad medical center, a four-story property located on a 3,800-square-meter (40,902-square-foot) site in the southern area of Wilhelmshaven, Germany.
TSC Real Estate acquired the asset from the Klinikum Wilhelmshaven hospital for the 5QRE HealthCare Infrastructure Deutschland 01 fund, developed in partnership with Five Quarters Real Estate.
The 5QRE Healthcare Infrastructure Deutschland 01 fund invests in a broad spectrum of healthcare properties and is targeted at German institutional investors.
TSC Real Estate said it plans to make additional acquisitions throughout the second half of 2022.
“In addition to classic core properties, our fund strategy also focuses on core-plus properties for which we are able to enhance value via our holistic and proactive asset management approach,” said Berthold Becker, managing director at TSC Real Estate. “This property offer