Aedifica acquires senior housing properties in Belgium (BE)

Aedifica has acquired all shares of the limited liability company Patrius Invest, which is the owner of two rest homes in the province of Antwerp: Salve in Brasschaat and Plantijn in Kapellen.


Salve is located at the heart of the residential district in Brasschaat. This 117-bed rest home is operated by the Armonea group under a 27-year triple net long lease. The contractual value amounts to approx. €8 million and will generate an initial triple net yield of 6%. In addition, a two-phase development progress is in progress at the site and is expected to be delivered in spring 2014.


Plantijn is located in a residential district close to the center of Kapellen. The rest home comprises 110 beds and is operated by the Armonea group under a 27-year triple net long lease. The contractual value amounts to approx. €8 million and will generate an initial triple net yield of 6%. A development project is also planned for this site, including the renovation of existing buildings and the expansion of the site.


Source: Aedifica


Related News