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
