Belgian healthcare REIT Aedifica has announced that it completed nine developments in the second quarter of 2023, to the tune of €53.5 mln.
The projects were completed in Belgium, the Netherlands, Finland and Ireland, adding capacity for 268 residents and 448 children to Aedifica’s portfolio.
These care properties are operated by a diversified pool of well-established and experienced private and public operators, according to the firm. The three projects in Finland have been designed and developed by Aedifica's local Hoivatilat team.
Stefaan Gielens, CEO of Aedifica, commented: 'In the first half of 2023, Aedifica completed 18 projects from its investment programme for a total amount of approx. €120 mln. In the coming weeks and months, we expect to complete several more projects.
'Through active management of the committed pipeline, limited additions of new projects and completion of existing projects, we anticipate a further reduction in the size of our investment programme to approx. €450 mln by the end of the year. The new projects we added to our pipeline in Finland are designed and developed by our local Hoivatilat team.'
Aedifica also announced it has added an additional six projects to its investment programme in Finland. These include one service community centre, one care home, two specialist residential care centres and two child day-care centres.
The investment volume amounts to around €48.5 min, while the projects reflect an average gross yield of around 6%. The schemes have a total capacity for 168 residents and 324 children, and include a diversified tenant pool of experienced private & public operators.
