Cofinimmo has acquired three healthcare sites for €29.5m and a construction project for €4.5m on a fourth site. The initial rental yields of these transactions range between 7% and 8.3%.
This acquisitions are in line with Cofinimmo’s strategy to expand its healthcare portfolio, while also diversifying it by country, by tenant/operator and by medical specialty. It comes on top of the €250m pipeline of committed investments for the period 01.07.2015 – 31.12.2017 which Cofinimmo announced in April 2015 at the time of its capital increase. Since May, the Group has signed additional investments and commitments of €108.4m in the Netherlands and Germany.
Last week, Cofinimmo acquired the Kaiser Karl rehabilitation clinic located in Bonn for €30m. The 15,500m² facility is mainly specialised in orthopedics and offers 150 beds, a swimming pool, spa, restaurant and underground parking spaces.
