Aedifica acquired Rosewood House, a mid-market care home in central London, for €18.14m. The property accommodates up to 90 residents and meets high standards of care and comfort. It was built in 2000 and refurbished in 2019, including sustainability upgrades. Aedifica's acquisition includes the freehold ownership of the property.
The care home will be operated by Bondcare on a new irrevocable 30-year triple net lease. The initial rental yield is over 6.5%.
Stefaan Gielens, CEO of Aedifica, commented: “Aedifica continues to underpin the quality of its UK real estate portfolio by investing approx. £15.5m (€18.14m) in a trading care home in central London. This purpose-built care property accommodates up to 90 residents and meets the highest standards of care and comfort.”
Bruce Walker, Country Manager of Aedifica UK, adding: “This acquisition contributes to the continued enhancement of our real estate portfolio. The building recently received a number of sustainability upgrades, resulting in a strong EPC score ‘B’. Moreover, we are pleased to deepen our successful relationship with Bondcare, a longstanding tenant with proven operating success in this location and care model.”
Image provided by Aedifica.
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