Aedifica Nederland, a 100 % subsidiary of Aedifica, acquired the full property of the buildings and the plot of land on which they are located. The contractual value amounts to approx. €2m. The construction will be carried out by IDBB Vastgoed and delivered turnkey to Aedifica. Aedifica has budgeted approx. €6m for renovation works. Aedifica’s total investment (including the renovation) will amount to approx. €9m.
The future Huize De Compagnie care residence is located near the centre of Ede (114,000 inhabitants, Province of Gelderland) on the site of a former barracks which will be entirely redeveloped. A portion of this site will be renovated into a modern residential care facility for seniors requiring permanent care. The care residence is expected to be completed during the second half of 2018 and will be able to welcome 42 residents.
The care residence will be operated by an entity of the Compartijn group, a private Dutch player on the senior care market providing small-scale housing and quality care for seniors requiring on-going assistance. Compartijn currently operates four sites and will operate additional sites in the near future. Compartijn is a subsidiary of Incluzio, owned by the Facilicom Services Group. Aedifica looks forward to this new collaboration with a reputable player in the Dutch care sector. The lease established for the site is an irrevocable 20-year triple net long lease. The initial gross yield amounts to approx. 6.5 %.
Stefaan Gielens, CEO of Aedifica, commented: "Following its recent capital increase, Aedifica is pleased to announce a new investment in Dutch healthcare real estate, which marks the beginning of its collaboration with a new operator. Other investments will follow.”