Client story

Aedifica NV/SA makes a healthy start in Ireland

How JLL helped Aedifica by providing global industry expertise and market data insight to guide them with their expansion

Value

Sale price (EUR)

€c.88 million

The ambition

Belgian-based company Aedifica SA/NV specialises in healthcare real estate investments, particularly housing for seniors with care needs. With a solid base in Germany, Finland, Sweden, Spain, The Netherlands and the UK, the company wanted to establish a foothold in Ireland. However, entering a new territory with a high-volume investment but little knowledge of local trends and regulations was a challenge, especially with restrictions on physical site visits due to the pandemic. Aedifica needed a global industry expert with local expertise and market data insight to guide them during this investment.

The strategy

Due to our existing successful partnership for various projects in parts of Europe, Aedifica engaged JLL Investment Sales & Advisory and Healthcare teams as lead advisers. Our teams coordinated and advised the client from start to end in the acquisition of five assets across two transactions, enabling Aedifica to touch down in Ireland. Our teams provided a full acquisition service, including underwriting operational and development assumptions, advising on technical work, capital expenditure and transaction management. 

The results

Our teams’ years of experience, deep understanding of local regulatory frameworks and knowledge of reimbursement regimes have proved critical in the evaluation and pricing of multiple investment opportunities for the client. Over the course of 2021, we helped Aedifica invest around €88 million in six existing healthcare assets, alongside construction and extension projects in Ireland. When completed, the current portfolio of Aedifica will be home to some 599 residents. Our local market insight and professional advice helped Aedifica become a strong entity in a new jurisdiction. 

Charles-Antoine Van Aelst, Chief Investment Officer, Aedifica NV/SA: “After our very good experience working with the JLL Healthcare team in the UK, the Nordics and Germany in the past, it has been fantastic to work with JLL again in Dublin and London. JLL provided a full range of buy side advice, during a time when it was not easy for us to attend meetings or inspect assets in Ireland.”