06 Jul Threestones Capital acquires a new property in Thuringia for TSC fund – Eurocare IV
Threestones Capital acquires an additional clinic/nursing home facility located in Uhlstädt-Kirchhasel in the district of Saalfeld-Rudolstadt, Thuringia, Germany, for its TSC Fund - Eurocare IV investment vehicle.
The building named “Klinik an der Weißenburg” has 11,263 sqm of leasable area with a total of 210 beds split into 80 rehab units (orthopaedics and oncology), 80 rheumatism units and 50 beds for in-patient nursing care. The property is operated by Sonic Healthcare, an internationally renowned healthcare provider with a demonstrated track record of medical excellence in Germany and across the world.
“This mixed-use healthcare facility makes a great addition to our Eurocare IV portfolio. The facility's strategic combination of in-patient nursing care, rehabilitation units, and rheumatic therapy services perfectly aligns with the high demand we anticipate in the local area”, says Beka Pipia, Portfolio Manager at Threestones Capital.
The property is located close to the river Saale in a calm and idyllic area. Uhlstädt-Kirchhasel provides a good bus and train connection, which makes it quick and easy to reach the surrounding towns and cities.
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About Threestones Capital Management
Threestones Capital Management S.A. is an authorized Alternative Investment Fund Manager (AIFM) headquartered in Luxembourg. The company manages approximately EUR 2 billion in four PERE regulated investment vehicles under the supervision of the Luxembourg financial authorities (CSSF), in compliance with European financial regulations. Founded in 2009, Threestones Capital primarily focuses on real estate investments across Europe, targeting healthcare real estate. The company’s investors are a diverse mix of family offices and institutional investors.
About Sonic Healthcare
Sonic Healthcare GmbH is a part of the global healthcare group, Sonic Healthcare Limited. The company provides medical diagnostic services and operates a network of pathology and medical imaging laboratories in Germany. Over 7.5000 employees are working in 50 locations in Germany and over 37,500 worldwide (Australia, New Zealand, UK, Ireland, Switzerland, Belgium, USA & Germany).