New healthcare acquisition by Aedifica

HEALTHCARE
Tim Harrup

Aedifica has announced that it has acquired the ‘Familiehof’ care home which is located at Provinciale Steenweg 323in a green residential area near the centre of Schelle, a town with 8,500 inhabitants in province of Antwerp. Part of the building dates from 1987 and was completely renovated and extended in 2012 and further extended in 2016. Familiehof accommodates 107 elderly people requiring continuous care. The care home complies with sustainability regulations.

The transaction was concluded on October 1st when Aedifica acquired the ownership of the site by taking control of 100% of the shares of a real estate company. The contractual value amounts to approximately €14 million. Vivalto Home, a player active in the Belgian senior care sector since 2009, owns the operating company of the residential care center. Vivalto Home owns a total of 28 residential care centers across Belgium, providing care 24 hours a day for elderly people who are no longer able to live independently at home. Aedifica states that it welcomes this new partnership with a quality player in the Belgian senior care sector. The care home is let on the basis of a new irrevocable 27-year triple net lease.

Stefaan Gielens, CEO of Aedifica, comments: “Aedifica continues the expansion of its Belgian healthcare real estate portfolio with the acquisition of a care home in Schelle. This transaction clearly shows that in addition to international expansion, an investor specialised in healthcare real estate such as Aedifica can still make attractive deals on the highly consolidated Belgian market.