On 01.02.2019, Superstone NV, a subsidiary of Cofinimmo, acquired the ‘Kastanjehof’ nursing and care home for approximatively 4 million EUR. The establishment is located in a residential area in Velp, just five kms from Arnhem, a city with nearly 160,000 inhabitants, in the province of Gelderland. The seller is Triodos Vastgoedfonds N.V.
The building, built in 2012, offers an above-ground surface area of approximatively 1,800 m² and welcomes 30 residents. It also carries an A++ energy performance certification. The building is designed and fully equipped for residents suffering from dementia and/or disorientation.
The building is leased to ‘Stichting Attent Zorg en Behandeling’, with whom Cofinimmo has signed a double net1 lease for a residual term of 9 years. The rent will be indexed annually in accordance with the Dutch consumer price index. The gross rental yield amounts to approximatively 5.5 %.
This new operator in Cofinimmo’s portfolio specialises in inpatient care, rehabilitation, and home care. ‘Stichting Attent Zorg en Behandeling’ employs approximately 780 full-time employees and 600 volunteers who care for 1,200 patients. It operates on 11 sites near Arnhem.
Jean-Pierre Hanin, Chief Executive Officer of Cofinimmo: “This acquisition fits into our strategy of increasing the share of healthcare real estate in our portfolio in the coming years, while paying close attention to the ecological footprint of our buildings. We are pleased to welcome an operator with a good reputation, ‘Stichting Attent Zorg en Behandeling’, among our partners.”