Mayer Brown advised AIF Capital Group, a specialist in regulated alternative investment funds, on the acquisition of a residential complex for assisted living in Saarbrücken, Germany from project developer IFA Gesellschaft für Immobilien GmbH & Co. KG. The acquisition of the residential quarter is being carried out for the open-ended health care fund AIF Fürsorge I.
The real estate company operates approximately 4,400 sqm on Theodor-Storm-Straße with the planned residential quarter consisting of three buildings with a total rental area of around 6,300 sqm, divided into 84 flats with flat sizes ranging from 45 to 170 sqm. The residential complex includes 84 parking spaces in the underground car park. All buildings are being constructed in line with the KfW Efficiency House 40 standard and are distinctive for their future-oriented and sustainable building design. Completion is planned for 2023.
Mayer Brown regularly advises AIF Capital on transactions, particularly the acquisition of operator properties in the care sector.
The Mayer Brown Team was led by Real Estate partner Dr. Philipp Schaefer (Frankfurt) and included Tax counsel Susan Günther (Frankfurt).