Cofinimmo agrees senior housing co-investment

By A staff reporter 2012-02-01T00:00:00+00:00

Brussels-listed property company Cofinimmo has reached a co-investment agreement with Belgian healthcare operator Senior Assist for a nursing home portfolio.

Brussels-listed property company Cofinimmo has reached a co-investment agreement with Belgian healthcare operator Senior Assist for a nursing home portfolio.

The nursing homes are run by Senior Living and the portfolio is valued at EUR 150 mln. About EUR 80 mln corresponds to properties already owned by Cofinimmo, EUR 24 mln to new properties in operation while EUR 46 mln relates to development projects.