Development group Hochtief Projektentwicklung has sold five care facilities with a total of 309 beds in the German cities of Lahnau, Schwalbach, Heusweiler, Burladingen and Altenmünster to the life assurer Swiss Life. The companies agreed not to disclose financial details.

The properties, each designed for up to 78 residents, are operated by senior services provider BeneVit.

In 2009, Swiss Life bought a portfolio of seven care facilities with a total of 528 beds from Hochtief.