01/07/2014 (Agence Europe) - Acquisition of Het GastenHuis by Amvest Vastgoed and NPM Capital given go-ahead. On Tuesday 1 July, the European Commission gave the go-ahead to the acquisition of joint control over the nursing home company, Het GastenHuis, by Amvest Vastgoed B.V., ultimately controlled by PGGM and AEGON, and by NPM Capital, ultimately belonging to SHV Holdings, all of the Netherlands. Het GastenHuis is a recently created joint venture set up for the development and operation of small-scale nursing home units for elderly persons with memory difficulties in the Netherlands. The Commission therefore assessed the effects of the proposed transaction on the market for residential nursing services and on the vertically related markets for the development and lease of real estate for use in the healthcare sector as well as the provision of rehabilitation tools to healthcare providers. It concluded that the transaction would not raise competition concerns, given the limited market shares of the parties in any of the relevant markets. (EL)