Berlin—Global law firm Dentons has advised Round Hill Capital, a leading global specialist real estate investor, developer and manager, on the acquisition of Pflege-Residenz-Beuren, a senior living facility in Beuren, located ca. 30 kilometers south-east of Stuttgart. Round Hill Capital acquired the property with Auxenia RE, on behalf of its client investment strategy that aims to assemble a significant portfolio of senior living facilities in Germany, exploring opportunities created by lack of quality senior housing supply and an ageing population.

The total investment cost for the acquisition, including capex to improve the facility offering, increase the number of beds through the addition of an extension and develop a best-in-class service offering is about €32 million.

Pflege-Residenz-Beuren currently has 132 care units set across two buildings constructed between 2001 and 2005. With the refurbishment of these buildings which will begin shortly after completion of the acquisition, and the construction of an adjacent extension commencing in 2025, the offering will expand to include a total of 166 single bed units and an assisted living area.

In February, the Dentons team in Germany led partner Sebastian Schmid advised Round Hill Capital, acting in a joint venture with Auxenia RE, on the acquisition of another senior care facility - in Bottrop, North-Rhine Westphalia.

Advisers to Round Hill Capital

Dentons (Berlin/Düsseldorf): Sebastian Schmid (Lead Partner, Real Estate, Berlin), Dr. Axel Schlieter (Partner, Banking and Finance, Düsseldorf), Laura Appell (Counsel, Public Law), Dr. Michael Bayliss, Dr. Arndt Dobroschke (Senior Associates), Birte Klasmeier and Dr. Christoph Blotenberg (Associates, all Real Estate, Berlin).

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