Care Property Invest, a Belgium-listed investor in healthcare real estate for elderly and disabled people on the European market, has signed an agreement to acquire the luxury real estate project ‘Fleurâge Residences’, an up-and-running care residence with 22 apartments located in Bloemendaal in the Dutch province of North Holland. The total investment value for the project is estimated at €10.2m (US$10.9m).
The monumental main building from 1720 and the two adjoining coach houses contain 22 apartments for elderly people with care needs.
For the operation of the care residence, Care Property Invest is joining forces for the ninth time with Domus Valuas, which offers high-standing living and care at various locations in The Netherlands. The cooperation is based on a new long-term rental agreement of the ‘triple net’ type with a duration of minimum 20 years (renewable and annually indexable).
Care Property Invest and Domus Valuas are also making a joint commitment to realise another gatehouse with six additional apartments, after obtaining an irrevocable and enforceable environmental permit.
The project in Bloemendaal will bring its total number of residential care properties in the Netherlands to 28.