Aedifica Nederland BV, a 100 % subsidiary of Aedifica SA/NV, has acquired the full property of the plot of land for the construction of a care residence. The Eresloo care residence will be located near the centre of Eersel (19,000 inhabitants, Province of North Brabant), approx. 20 km from Eindhoven. The construction will be carried out by IDBB Vastgoed BV and is expected to be completed in the second quarter of 2019. The scheme will house 26 residents. Aedifica’s total investment (including the works) in the project will amount to approx. €6m.
The care residence will be operated by an entity of the Compartijn group, a private player in the Dutch senior care market providing small-scale housing and quality care for seniors requiring continuous assistance. Compartijn currently operates five sites and will operate additional sites in the near future, including four Aedifica sites that are currently under construction. Compartijn is a subsidiary of Incluzio BV, owned by the Facilicom Services Group.
The lease established for the site is an irrevocable 20-year triple net long lease. Upon completion of the works, the gross yield will amount to approx. 6.5 %.
Stefaan Gielens, CEO of Aedifica, commented: "With the acquisition of this soon-to-be-constructed care residence, which is intended for seniors requiring continuous care, Aedifica strengthens its cooperation with a dynamic care service provider and continues to expand its Dutch healthcare real estate portfolio. The site is expected to be completed in the second quarter of 2019. Other investments will follow.”