Aedifica to spend €21m on new Belgian continuous care facility

Belgian healthcare specialist Aedifica has acquired a care home in Belgium which it plans to extend, investing a total of €21 million.

The facility, Résidence Véronique, is located in the Somme-Leuze area of the Namur province and currently has capacity for 72 residents needing continuous care, but the planned extension will expand this to 131. Completion of the extension is expected in the last quarter of 2024.

“The design of the extension pays special attention to energy efficiency,” said Stéphanie Lomme, country manager of Aedifica Belgium. “As a result, the building will contribute to the continued improvement of the sustainability of Aedifica’s real estate portfolio.”

The building will use energy-efficient systems, such as solar panels, a smart ventilation system and a rainwater management system.

The home is to be operated by Vulpia, which already operates 12 Aedifica sites, and is let on a new irrevocable 27-year triple net lease.

Aedifica Belgium’s healthcare property portfolio currently comprises 83 sites.

Author: Paul Strohm

Source: Real Asset Insight

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