Appleby acted as lead counsel to Euronext Brussels and Euronext Amsterdam listed Aedifica NV (Aedifica) on its acquisition of a portfolio of 4 nursing homes in Jersey and 1 nursing home in the Isle of Man.Aedifica has purchased the portfolio for GBP46 million and will in addition invest a further GBP12 million in extensions and internal redevelopment works on 3 of the 5 nursing homes.
Aedifica is a Regulated Real Estate Company under Belgian law specialising in European healthcare real estate, particularly in senior housing. Aedifica has developed a portfolio of over 600 sites in Belgium, the United Kingdom (including the Crown Dependencies of Jersey and Isle of Man), Germany, the Netherlands, Finland, Sweden, Ireland and Spain, worth more than EUR5 billion.
The Appleby corporate team consisted of Partner Andrew Weaver (Picture), Group Partners Kevin McQuillan and Christophe Kalinauckas, Associate Khanyisile Deliwe and Trainee Angharad Prescott. Group Partner John Bisson advised Aedifica on the property elements of the transaction.
Involved fees earner: John Bisson – Appleby; Khanyisile Deliwe – Appleby; Christophe Kalinauckas – Appleby; Kevin McQuillan – Appleby; Andrew Weaver – Appleby; Law Firms: Appleby; Clients: Aedifica SA;