Aedifica sells Belgian hotels

HOTEL & LEISURE
Tim Harrup

A short while ago, Aedifica announced that it had sold its Belgian hotel portfolio, which comprises six hotels in Bruges, Leuven, Genk, Tongeren and Lanaken to Atream, a European investor specialising in the tourism industry. The purchase price was not disclosed.

Stefaan Gielens, CEO of Aedifica, comments: “Aefifica is pleased to complete the sale of its Belgian hotel portfolio. This transaction is the final part of Aedifica's strategic development to become a 100% pure play investor in European healthcare real estate, once again putting the Group on the map as a reference in European listed real estate.”

Pascal Savary, Chairman of Atream, adds: “Atream is satisfied that it has successfully completed the due diligence audit and the acquisition of this portfolio, which fully meets the strategic ambition of SCPI Atream Hotels. With €250m of investments carried out in the Belgian tourism industry over the past year, Atream will continue to focus on this market.”

Aedifica is a Regulated Real Estate Company under Belgian law specialised in European healthcare real estate, particularly in senior housing. It has developed a portfolio of more than 250 sites in Belgium, Germany, the Netherlands and the United Kingdom, worth more than €2.3billion.Aedifica has been quoted on Euronext Brussels (regulated market) since 2006.