On Friday 7 January 2022, AG Real Estate made its first investment in the Dutch health care sector on behalf of its parent company, AG Insurance.
The investment entailed the purchase of a plot of land, situated on the Koning Willem Alexanderplein in the city of Dronten, for the development of a multi-functional complex bearing the name ‘De Kroon’. This major development will provide space for a number of homes, as well as an outpatient clinic and a residential health care facility for people with dementia. Once construction is completed, Coloriet will provide care for residents with dementia. The Dronten outpatient clinic run by the St Jansdal hospital will also move to this location.
AG Real Estate intends to create and expand a portfolio of Dutch health care properties in the coming years. The purchase of this site marks its first steps into the Dutch health care property market. It also kicks off its cooperation with Sectie5, which advised AG Real Estate on the acquisition and will continue to provide assistance during construction and in the future management of both this and potential future health care real estate projects in the Netherlands.
Amand-Benoit D’hondt, Head of Healthcare, Alternative & Indirect Investments at AG Real Estate: “We have been active for some time as an investor in health care real estate in Belgium, Germany and, more recently, Spain. For AG Real Estate, this acquisition signals a first step towards a further expansion of our portfolio to include the Netherlands, where we continue to see great potential.”
Sylvie Vanhoenackere, Investment Manager at AG Real Estate confirms: “We are naturally very happy about this first transaction, and we aim to achieve continued growth over the coming years. Investment in the Dutch market requires specific local expertise and engagement. The health care specialists at Sectie5 have years of experience and a proven track record, and they are completely up to speed on developments in both real estate and health care facilities. Working with them will enable us to develop a health care portfolio that will remain stable into the long term.”
Annette van der Poel, Director of Healthcare at Sectie5: “We are enormously pleased to be working with AG Real Estate, and to be able to apply our wealth of knowledge and experience both to help them acquire the right properties and to forge and maintain optimal relationships with tenants. By doing so, we can ensure that the real estate will not only facilitate health care provision in the best possible ways, but also serve as useful investments for AG Real Estate. Besides our partnership with AG Real Estate, I am also looking forward to working with tenants, the first of which will be St Jansdal and Coloriet.”
