Cofinimmo’s £57 Million Acquisition Of Three Care Homes From Country Court Care

In UK Charles Russell Speechlys, advised on the matter.

Charles Russell Speechlys advised Country Court Care with a team including Michael Lingens (Picture – Corporate M&A), Mark Smith (Real Estate), Daniel Sullivan (Finance).

Country Court Care sold the freehold interests in three care homes (Ferrars Hall, Lakeview Lodge, Oakview Lodge) to Cofinimmo, a Belgian REIT, for £57m. The nursing and care homes are situated in East and South-East England and count approximately 200 beds in total.

Country Court Care Group Ltd has been active almost 35 years as a nursing and care home operator, with sites clustered between London and Nottingham. This well-established family operator offers in excess of 1,750 beds across 35 properties. The group has three additional nursing and care homes under construction with further expansion on the horizon.

Cofinimmo, listed on Euronext Brussels,  has been acquiring, developing and managing rental properties for over 35 years. The company has a portfolio spread across Belgium, France, the Netherlands, Germany, Spain, Finland, Ireland, Italy and the UK with a value of approximately 5 billion EUR.

Charles Russell Speechlys team, led by Michael Lingens (Picture), included Nathan Lightman, Alex Stevens and George Lawson (Corporate), Mark Smith, Nicky Marriott, Vanessa Jones and Henry Cuthbert (Real Estate) and Daniel Sullivan, Edith Lai and Marie-Laure Homolle-d’Arras (Banking).

Involved fees earner: Vanessa Jones – Charles Russell Speechlys; Edith Lai – Charles Russell Speechlys; Nathan Lightman – Charles Russell Speechlys; Michael Lingens – Charles Russell Speechlys; Nicola Marriott – Charles Russell Speechlys; Mark Smith – Charles Russell Speechlys; Alex Stevens – Charles Russell Speechlys; Daniel Sullivan – Charles Russell Speechlys;

Law Firms: Charles Russell Speechlys;

Clients: Country Court Care;

Author: Giulia Di Palma