The Patrimonium Investment Foundation’s Swiss Healthcare Properties investment group will take over the Weyergut property in Wabern, Bern, from the Bethanien deaconry. The Weyergut Bethanien care home will be fully renovated beginning in November 2017. After the renovation work is completed, the deaconry will continue to run the home.
On 1 November 2017, the Patrimonium Investment Foundation’s Swiss Healthcare Properties investment group will take over the Weyergut property on Mohnstrasse in Wabern, Bern, from the Bethanien deaconry. The retirement and care home will be fully renovated and extended beginning in November 2017. During the building work, a reduced service will be run from the two premises in Grosshöchstetten and Belp. Once the work has been completed in June 2019, Weyergut will have 62 care units and a dementia ward with 21 places.
The Patrimonium Investment Foundation has entered into a long-term contract with the Bethanien deaconry. This will ensure continuity, and the fully renovated and extended care home will meet current standards and enhance the services available in the region. Fredy Jorns, Bethanien’s director says, “It is important for us as a socially run business that we are able to continue to offer care home places to people from all walks of life, including benefit recipients, and to secure over 100 jobs in Wabern. With this in mind, we are pleased to have built a constructive partnership with the Patrimonium Investment Foundation.”
This transaction has expanded the Swiss Healthcare Properties investment group’s portfolio. Including the construction work, the total investment volume is around CHF 28 million. The fixed assets of the investment group will have increased to around CHF 90 million after completion of this transaction.
The Bethanien deaconry has been successfully running Weyergut since it opened in 1973, and has been providing people with social assistance and care for over one hundred years. Around 450 people now work for the Bethanien deaconry in the areas of homes and care for the elderly, day care for children, social therapy, hotels and catering. The Patrimonium Investment Foundation is looking forward to building a long-term, successful partnership with this institution rich in tradition.
The Patrimonium Investment Foundation’s Swiss Healthcare Properties investment group was launched in 2015. The investment group invests in properties in the healthcare sector for inpatient and outpatient treatment as well as retirement and care homes, leaving operators free to focus on their core business. The investment group offers the Swiss pension funds invested in the Patrimonium Investment Foundation diversification compared to the traditional uses of investments in real estate, with attractive and stable anticipated returns.