On the property in the Von-Cölln-Strasse 8 in 32791 Lage a care real estate with a special living and care concept is to be established. The project will be realized by means of two structures with a total lettable area of around 1,800 m2. The new buildings will house ten apartments and two residential communities for dementia patients, each with 10 bedrooms. The living space will be supplemented by an office unit and a day care center. Due to the central location of the property directly on the pedestrian zone, it will also be possible for people in need of care to reach various shopping facilities, restaurants and the train station on foot within a few minutes.
After completion, the property is to remain in the Issuer's portfolio. The latter has already concluded a global rental agreement for the entire property with Die Pflege GmbH, an experienced nursing service from Detmold. This rental agreement has a minimum term of 15 years and an option to extend it twice for 5 years each.