BayernImmo KG supports BG Immobiliengruppe, an experienced project developer of nursing homes for the elderly based in Eichenau near Munich, in implementing selected projects as part of a cooperation based on equity contributions.

The first joint project, a center for senior citizens in Grasbrunn (Upper Bavaria) with 84 places and 5 apartments, was inaugurated in September 2010. The Arbeiter Samariter Bund (ASB), the operator, is an experienced company that will operate the facility under a long-term agreement.

The second nursing home for the elderly is in Krumbach (Swabia). Providing 88 places, 26 apartments, 27 assisted accommodation places, a single-group children´s crèche and day-care services, it was completed and inaugurated in cooperation with the Bayerisches Rotes Kreuz (Bavarian Red Cross) in July 2013.

Other joint projects are in the pipeline.

* BayernImmo 2010 / 2013