By Richard Hook2018-12-21T10:21:00
Belgian investor Aedifica has agreed to acquire a £450m portfolio of 93 care homes from Lone Star’s Real Estate Fund IV in its debut UK purchase.
Building on its €1.8bn (£1.6bn) existing assets under management in Belgium, Germany and the Netherlands, Aedifica has acquired a portfolio of 93 predominantly purpose-built care homes containing 5,700 ensuite beds in 91 locations across the UK predominantly weighted towards London and the South East. The deal reflects a gross initial yield of 7%.
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