Markets

MARKETS

Social Real Estate and Other Core Markets

IMMAC was formed in Germany in 1997 and has since evolved into the country’s leading investment company for social real estate. In conjunction with the formation of IMMAC Holding AG in 2000, the group of companies was restructured and has successively grown over the past years.

IMMAC in Germany

Today, IMMAC has 114 in-patient care facilities with more than 10,260 nursing care places and 767 annexed extra care apartments under management. Germany is therefore one of the core markets of IMMAC.

In addition to the clear-cut focus on in-patient nursing homes, 289 serviced-living units are either in planning or have already been completed by IMMAC’s housing construction arm, IMMAC Wohnbau.

The portfolio also includes three rehabilitation clinics with a combined total of 724 care spots. The portfolio is spread across Germany and involves 28 different operators.

Pflegeeinrichtung_400x400px_20171121

114
Nursing homes

Pflegeplatz_400x400px_201711216

10,261
beds

Betreutes_Wohnen_400x400px_201711218

767
assisted-living units

Rehaklinik_400x400px_201711212

3
rehabilitation clinics

Rehaplatz_400x400px_201711217

724
units

wohnbau_400x400px_201711213
Service-Wohnen_400x400px_201711219

7
assets

289
assisted living units (existing + developments)

Hotel_400x400_gold

8
hotels

Zimmer_400x400px_gold

1,346
rooms

Portfolio_400x400px_201711214

114
properties

Betreiber_400x400px_2017112110

28
operators

Verkauft_400x400px_201711215

24
properties

IMMAC in Austria

In 2008, IMMAC took its first step to expand into other European countries.

The Austrian subsidiary IMMAC GmbH (Austria) was set up in Graz, the state capital of Styria, and has been implementing the experiences of the IMMAC Group in Austria, too.

Within the short period of six years, IMMAC Austria became Austria’s leading investor in healthcare real estate.

During these years, IMMAC acquired 24 in-patient care facilities with more than 2,188 nursing care places and 122 annexed extra care apartments.

Another 70 serviced living units are in planning by IMMAC Wohnbau. Past acquisitions also include a rehabilitation clinic of 260 spots. The overall portfolio is spread across Austria and involves 10 different operators.

Pflegeeinrichtung_400x400px_20171121

24
nursing homes

Pflegeplatz_400x400px_201711216

2.188
beds

Betreutes_Wohnen_400x400px_201711218

122
assisted-living units

Rehaklinik_400x400px_201711212

1
rehabilitation clinics

Rehaplatz_400x400px_201711217

260
units

wohnbau_400x400px_201711213
Service-Wohnen_400x400px_201711219

1
property

70
assisted living units (developments)

Hotel_400x400_gold

1
hotel

Zimmer_400x400px_gold

102 
rooms

Portfolio_400x400px_201711214

27
Properties

Betreiber_400x400px_2017112110

10
operators

IMMAC in Ireland

In 2017, IMMAC made its entry into another European market. IMMAC Capital (Ireland) Limited was established in the Irish capital of Dublin and it successfully closed its first transaction in December 2017. It added 3 well-established care homes in Dublin plus the associated operator group to the international portfolio of IMMAC. In conjunction with the acquisition, the foundation stone was laid for a clear-cut trajectory to expand into another fast-growing nursing care market..

Pflegeeinrichtung_400x400px_20171121

3
nursing homes

Pflegeplatz_400x400px_201711216

200
beds

Portfolio_400x400px_201711214
Betreiber_grau

3
properties

1
operator

IMMAC outside Germany

The real estate market in the healthcare sector is relatively small. To keep growing and to meet the demand generated by the various market players, IMMAC is expanding outside Germany.

In doing so, IMMAC adheres to the same investment premises and quality standards it applies on its domestic market in Germany. In addition to its registered office and administrative seat in Hamburg, IMMAC already operates national branch offices in Graz (Austria), London (United Kingdom) and Dublin (Ireland). Other countries are under review for future expansions.

IMMAC’s activities outside Germany are subject to the condition that the socio-economic parameters of a given country are stable and predictable. Factors like the demand for nursing care spots, the demographic trend, and the refinancing options for healthcare assets are as crucial in this context as the country-specific quality of the real estate.

In each of its destination countries, IMMAC sets up a dedicated management team that is thoroughly familiar with the socio-economic specifics on location while meeting the high quality standards of IMMAC. Only if a given market meets all qualitative requirements will IMMAC commit itself in that foreign market.