CBRE advises Cofinimmo on purchase of nursing and care home portfolio
Global real estate advisor CBRE, has advised Cofinimmo, a leading real estate investment company listed on Euronext Brussels, on the acquisition of three nursing and care homes across the UK from Country Court for £57m.
The deal marks Cofinimmo’s entry to the UK property market. The three properties are located across the East and South-East of England and comprise of circa 200 beds over 102,000 sq ft. All three sites have fixed leases in place for 35 years.
Mark Wright, Associate Director, Healthcare, Operational Real Estate, CBRE commented: “We are delighted to have acted for Cofinimmo on their first UK acquisition of three modern, purpose-built care homes. This strategic transaction demonstrates the appetite from international capital to invest in a maturing and undersupplied UK elderly care sector with substantial growth opportunity.”