Cofinimmo acquires €12 million nursing home in the Netherlands

Cofinimmo acquires €12 million nursing home in the Netherlands
Credit: Belga

Cofinimmo has acquired a nursing and care home in the Netherlands for about €12 million, the Brussels-based company, which specialises in healthcare real estate, announced on Wednesday.

The new acquisition, located in Twello, in the central province of Gelderland, was carefully considered, Cofinimmo said in a press release. About 24% of the roughly 25,000 inhabitants of the town and surrounding areas are over the age of 65, and by 2050, that percentage should reach almost 33%.

People over 80 currently represent 6% of the population, and, by 2040, that should increase to 11%, which is higher than the national average, Cofinimmo explained.

The complex, which is over 2,500 m² in area, was renovated in 2016, enabling it to achieve Level A++ energy performance.

Entirely designed for seniors suffering from dementia, the site has 24 treatment studios as well as a protected and shared living space.

A lease has been signed with Martha Flora - a company specialising in care for dementia patients - for a period of 20 years, and the gross rental yield is around 5%.

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