Mourant advises on property portfolio acquisition

Posted: 11/02/2019

Offshore law firm Mourant has advised Belgian healthcare real estate business Aedifica on its acquisition of a portfolio of 93 care home properties across England for approximately £450m from Lonestar.

The deal marks Aedifica’s entry into the UK market, making it the fourth country in its portfolio. The UK portfolio consists of 91 locations with a total capacity for more than 5,700 residents.

Stefaan Gielens, CEO of Aedifica, commented: “The United Kingdom provides an attractive investment opportunity for Aedifica, since the healthcare market is still very fragmented and the ageing population leads to increasing demand for care assets.”

Gareth Rigby, Head of Mourant's Jersey Finance and Corporate practice, led the team, assisted by Counsel Iain Millar and Associate Sam Malpass. The firm acted as Jersey counsel alongside lead onshore counsel Bryan Cave Leighton Paisner.


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