HEALTHCARE INVESTMENTS SET A NEW RECORD
The boom in healthcare investments, which has been reflected in continuously rising transaction volumes for several years, continued unabated in 2021. With a total investment volume of a good €4.43 billion, the all-time high set just last year was surpassed by 12% and a new record was once again achieved. At the same time, the result is more than double the ten-year average. The trend towards more institutional investors discovering healthcare as an interesting and secure asset class is continuing. Concerns about overdependence on operators are increasingly fading into the background due to many advantages. The irreversible demographic trend, a medium-term supply shortage of modern facilities with integrated concepts and the increasing professionalization of many operators promise stable cash flows and secure investments. It is therefore not surprising that both individual and portfolio deals have reached new all-time highs. Nursing homes, which are included in Vonovia's takeover of Deutsche Wohnen, accounted for a significant proportion of the result with a good €1.1 billion.