Dentons has advised INTERNOS Spezialfondsgesellschaft on the acquisition of “Seniorencampus Herne-Baukau”, a nursing home property in Herne, Germany, from Dietz & Kaffanke GbR.

The property is currently under construction and is scheduled to be completed in November 2017. It will provide more than 80 nursing home places in single rooms as well as a pharmacy, a general medical practice and a physiotherapy practice. The building has a total area of 4.850 sq. m. and is already leased for 25 years to Protea Care GmbH.

This building is the first of its kind in Germany to use an air-conditioning system that works with concrete core activation, which is a very cost-efficient method for heating and cooling buildings.
INTERNOS Spezialfondsgesellschaft is part of the pan-European real estate, fund and asset management company INTERNOS Global Investors. Based in London, the company also has branches in Frankfurt, Amsterdam, Paris, Lisbon, Luxemburg, Madrid and Milano and employs about 100 people. The firm manages around 600 properties in eight countries has €3.5 billion in assets under management.

The Dentons team, led by partner Sebastian Schmid, advised INTERNOS on all legal and tax issues related to the transaction. Schmid advises INTERNOS on a regular basis on legal and tax matters connected with the acquisition of nursing homes, including most recently “Cramer’sche Fabrik” in Menden (Sauerland).

Advisor INTERNOS Spezialfondsgesellschaft mbH:

Dentons (Berlin): Sebastian Schmid (Partner, Real Estate), Hauke Thieme (Partner, Tax), Dr. David Lange (Counsel, Real Estate), Dr. André Morgenstern (Associate, Real Estate).