Lone Star agrees to sell its UK Care Home portfolio to Aedifica
Lone Star has agreed terms to sell its UK Care Home portfolio to Aedifica a pan European Healthcare REIT which owns healthcare real estate assets in Belgium, Germany and the Netherlands currently. This expansion into the UK with the acquisition of 92 care homes let to 14 tenants confirms Aedifica as a leading European Healthcare Real Estate investor with assets across 4 major territories and a portfolio with a value of c.£2.3bn including the UK assets.
Post acquisition, the UK portfolio would represent c.20% of the enlarged group and would form a significant part of the business. Layland Walker has agreed terms to continue as asset managers for the portfolio for the next three years, thereby ensuring continuity of asset knowledge and tenant relationships.
Bruce walker, Founder and CEO of Layland Walker commented:
“Its been great working with Lone Star in improving and expanding the portfolio over the past few years and the success of that work by the team is borne out by the fact that the sale is to a leading sector specialist investor. We look forward to working with Aedifica and continuing to work with our key tenant relationships in helping them move their businesses forward.