Swiss Life Asset Managers has expanded the portfolio of its Swiss Life REF (DE) European Real Estate Living and Working fund with the acquisition of the Bundschuh Senior Citizens’ Centre in Bruchsal-Untergrombach, Baden-Württemberg. The seller is VVA Vermögensverwaltungs GmbH & Co. KG. The property provides more than 4,500 square metres of living space, consisting of a new building constructed to the KfW 40 energy efficiency standard and an extensively renovated existing structure. The facility includes 90 care places, organised into residential groups of 15 people per floor as well as an open-plan living model accommodating 45 residents across six floors. Additional capacity is offered through four assisted living apartments with a combined area of 286 square metres. According to Martin Tillmann Mönch, fund manager at Swiss Life Asset Managers, the investment supports both the company’s ESG strategy and the evolving requirements of care provision. “The combination of an energy-efficient new building, long-term operator commitment and good infrastructure connections makes the property a sustainable investment in every respect,” he said. A long-term lease has been signed with an established care operator, covering both long-term and short-term care services. The property also offers scope for future upgrades, including the potential installation of solar thermal panels. Located in the Untergrombach district, the senior citizens’ centre benefits from local infrastructure and transport links. The S-Bahn station, within walking distance, provides a 15-minute connection to Karlsruhe, while shops and facilities for daily needs are located nearby.