CMS supports AG Real Estate on sale of two care homes in Hamburg and Lüneburg
Legal and tax counsel on the sale of long-term leased care homes
Düsseldorf – AG Real Estate sells two care homes in Hamburg and Lüneburg as well as one property in the Netherlands to Aedifica, a healthcare real estate investor and developer listed in Belgium with a focus on care properties and housing for senior citizens. Ownership was transferred at the end of 2025. The transaction underlines the momentum in the market for long-term leased care properties.
The two facilities in Germany are fully operational and specialise in residential care for the elderly. The Hamburg-Harburg location offers space for 107 residents and is let to the Dorea family on a long-term lease. The care home in Lüneburg has 109 places and is let to the operator Argentum on a long-term lease.
A CMS team led by Philipp Schönnenbeck provided AG Real Estate with legal and tax advice in connection with the transaction. The advisory services included drafting and negotiating the purchase agreement and coordinating the entire signing and closing process. CMS also advised on other property law issues, including lease agreements, land register-related issues, securities and tax issues relating to the transaction. This is CMS's first collaboration with AG Real Estate.
AG Real Estate is a Belgian investor, developer and asset manager. The company operates across multiple real estate segments, including offices, retail, residential, logistics and healthcare, and supports transactions across the entire value chain, from development to portfolio management.
Aedifica is a publicly regulated real estate company under Belgian law that specialises in European real estate in the healthcare sector, particularly real estate for seniors. Aedifica has built up a real estate portfolio in Belgium, Germany, the Netherlands, the UK, Finland, Ireland and Spain worth over €6.2 billion (as of 2025).
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