Belgian healthcare REIT Aedifica has invested €25 mln in six Dutch care homes operated by Korian Netherlands.
The deal represents the acquisition of the remaining 50% stake in the assets, which was held until now by Korian.
Aedifca said that the initial rental yield of the transaction amounted to approximately 6.5%.
The recently constructed buildings are purpose-built and energy efficient, according to Aedifica, with most being completed in 2022 and 2023. Korian operates them under the ‘Stepping Stones’, ‘Het Gouden Hart’ and ‘Hestia’ brands, on triple net leases with a WAULT of 19 years.
The assets are located in Almere, Blaricum, Hengelo, Lelystad, Soest & Woudenberg and accommodate a total of 235 residents.
Stefaan Gielens, CEO of Aedifica, commented: 'Aedifica continues to underpin the quality of its Dutch real estate portfolio by investing approx. €25 million in a portfolio operated by Korian Netherlands.
'While we initially had a 50% stake in this portfolio, we now become full owner. The portfolio includes six wellrun purpose-built care residences that were recently completed. Moreover, the buildings have excellent energy ratings ranging from A to A++++, contributing to the continued improvement of the sustainability of Aedifica's real estate portfolio.'
Korian is part of the Clariane Group, with whom Aedifica has a longstanding partnership. The group represents around 10% of Aedifica’s contractual rents, operating 28 Aedifica sites in Belgium, 22 sites in the Netherlands and one site in
Germany.
