Factsheet 2nd quarter 2015 Achmea Dutch Health Care Property Fund

Factsheet 2nd quarter 2015
Achmea Dutch Health Care
Property Fund
Syntrus Achmea Real Estate & Finance is an asset manager in real estate and mortgages for
institutional investors. With assets under management of over € 15 billion, Syntrus Achmea Real
Estate & Finance is amongst the largest real estate investment managers worldwide.
Achmea Dutch Health Care Property Fund
The Achmea Dutch Health Care Property Fund was
established in 2008 as a sectoral fund. The Achmea
Dutch Health Care Property Fund seeks to achieve
a stable and sustainable return and capital gain
from real estate investments funded by institutional
investors. Our real estate expertise and knowledge of
both markets enable us to provide more than suitable
accommodation and we offer our tenants added value.
Fund characteristics
Date of establishment:
1 May 2008
Fund size:
€ 212,7 million
(including commitments)
Number of properties:
12 (included pipeline)
Number of investors:
15
Target group:
Institutional investors
Why invest?
What is unique about the Achmea Dutch Health
Care Property Fund?
• Investing from a real estate perspective in a growth
market
• Driven by demograghic (need based)
• Major changes in Health Care system already taken
by the Dutch Government
• Target yield 7%
• Investments with a social relevance
Target:
An optimum risk/yield profile,
seeking to achieve a core
portfolio.
Benchmark:
Performance measurement based
on yield target.
Leverage:
None
Currency:
EUR
Management fee:
0.50%
Dividend policy:
Twice a year, in April and October
Legal status:
Open-end mutual fund
Participation options
The Achmea Dutch Health Care Property Fund is an
open-end common fund. Participating interests are
issued on the first day of the quarter. Upon issue of
participating interests (new participating interests)
the investor is liable for the payment of a fee of 0.5%
of the purchase price to the Fund (not to the Fund
Manager). Participating interests can be mutually
traded without restriction and free of charge.
Tax status:
Fiscal Investment Institution
Reference properties
The minimum investment is € 2,5 million.
Market
In the coming decades the healthcare market will
radically change in response to the increasing ageing
population, individualisation and market forces.
These changes will have repercussions for the
development and commercial exploitation of
property in the healthcare sector.
New opportunities will present themselves.
The Achmea Dutch Health Care Property Fund gives
institutional investors a clear field to gain maximum
benefit from these opportunities. The unique characteristics of the Achmea Dutch Health Care Property Fund
- solid return and low risk - make investing in real estate
a substantial addition to your investment portfolio.
Factsheet Achmea Dutch Health Care Property Fund
Residential Care Bezaanjachtplein Amsterdam
Residential Care Pachterserf - Apeldoorn
Lifetime homes & Residential Care
De Makroon - Amsterdam
Lifetime homes De Reigers - Rotterdam
01/02
Policy
The sharply rising demand for health care and
the accompanying pressing demand for health
­­care-related property offer institutional investors
the opportunity to invest in the attractive health
care-related property market.
Syntrus Achmea is seeking to cater for this market
by introducing the Achmea Dutch Health Care
Property Fund. The investment policy of the
Achmea Dutch Health Care Property Fund is to
build up a diversified portfolio over the two main
segments: Care and Cure. The Care segment includes
elements such as residential care, nursing complexes,
mental health care and care for the mentally
handicapped. The Cure segment focuses on the
curative aspect and includes primary health care
(such as GPs) private clinics and independent
treatment centres.
The objective of the fund is to achieve an attractive
yield with a limited risk. We anticipate an average
yield of 7% over a three-year period. The anticipated
overall yield consists largely of direct (rental) income.
Breakdown portfolio in segments Care and Cure
(including pipeline)
Lifetime homes
4%
8%
Residential/
Inpatient Care
Primary Care
10%
20%
Cure related
15%
50%
68%
25%
Inner ring:
Target portfolio
Outer ring:
Current portfolio
Governance
The Supervisory Board oversees the policy pursued
by the Achmea Dutch Health Care Property Fund on
behalf of the participants and acts as a sounding
board for the participants. The Supervisory Board
also oversees the general course of business
concerning the Achmea Dutch Health Care Property
Fund, such as compliance with regulations, rules and
agreements. The participants are united in the
Meeting of Participants. The Meeting of Participants
is held twice a year.
Impact investing
Investing in the Achmea Dutch Health Care Property
Fund generates social and public added value, as
well as realising an attractive and robust financial
return. The Healthcare Real Estate of the Achmea
Dutch Health Care Property Fund is modern and
people-oriented. The Healthcare market is in the
midst of a transition phase, in which the government
has set itself the task of reducing the rising costs of
healthcare by taking measures such as the ‘separation
of living and healthcare’. The policy-based emphasis
is on providing more (localised) primary healthcare
in favour of secondary healthcare and allowing
people with low-level healthcare needs to stay at
home for longer. The Achmea Dutch Health Care
Property Fund invests in modern and saleable
healthcare real estate that meets the requirements
of the ‘new style’ of healthcare provision.
The Achmea Dutch Health Care Property Fund
also invests in lifetime homes in which lower-level
forms of healthcare can be provided at home.
This substantially increases the accessibility of
Healthcare. After all, healthcare can be provided
in all of the homes suitable for this. Because the
consumer generally wants to live at home for as
long as possible, and because this can provide
considerable cost savings for the healthcare sector,
this represents a win-win situation.
For more information, please contact:
Ido Esman
Director Fundmanagement
T +31 (0) 20 606 5934
M + 31(0) 6 121 737 39
E [email protected]
www.syntrusachmea.nl
Mohammed Amlal
Fundmanager
T +31 (0) 20 606 5823
M + 31(0) 6 136 635 27
E [email protected]
Niels Nieboer
Business Development Manager
T +31 (0) 20 606 5623
M + 31(0) 6 515 78 062
E [email protected]