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Healthcare RE

Belgium

Cofinimmo launched its activities in healthcare real estate in Belgium in 2005 with the acquisition of nursing and care homes. Since then, the group has extended its portfolio which now amounts to approximately 1.6 billion EUR (as at 31.03.2022) and consists of 88 sites in operation, primarily nursing and care homes and assisted-living facilities. Cofinimmo participates in numerous innovative projects aiming at delivering comfortable and sustainable healthcare infrastructure, with a particular attention to quality of life of the residents.

Portfolio fair value

1.6 billion EUR

Occupancy rate

100%

Weighted average residual lease length

18 years

Number of beds

11,000

Project in the spotlight

NURSING AND CARE HOME JUPRELLE

In 2021, Cofinimmo acquired a plot of land in Juprelle (province of Liège/Luik) where a 119-bed nursing and care home of approximately 7,000 m² is currently under construction within the framework of a turnkey project. The use of modern and sustainable materials as well as the latest techniques will help reduce the carbon footprint of this building considerably. With this development project, the company meets the growing demand in the region for additional and modern residential care capacity for dependent elderly people.