Regulatory Filings • Apr 28, 2015
Regulatory Filings
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28 April 2015 – After closing of markets Under embargo until 17:40 CET
Public limited liability company Public regulated real estate company under Belgian law Registered office: avenue Louise 331-333, 1050 Brussels Enterprise number: 0877.248.501 (RLE Brussels) (the "Company")
Aedifica is pleased to announce the completion of the new Residentie Sporenpark rest home1, located in Beringen (province of Limburg).
1 Located Stationsstraat in 3582 Beringen.
Residentie Sporenpark comprises 110 beds and 17 assisted-living apartments. The site is operated by the group Senior Living Group (subsidiary of the Korian – Medica group, a major player in the European senior care market) on the basis of a 27-year triple net long lease. The investment amounts to approx. €17 million (plot of land included) and generates an initial triple net rental yield of approx. 6 %.
The construction of Residentie Sporenpark begun in 20132 and is part of a broader project, called be-MINE, located on the former mining site in Beringen-Mijn. The objective of this project is to redevelop the touristic and recreational aspects of the site by evenly intertwining urban functions such as living, working and shopping. The Houtpark residential project brings together various accommodations: single-family dwellings, apartments, a rest home and assisted-living apartments. Aedifica is delighted to have been able to play a part in this ambitious project through the development of Residentie Sporenpark.
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This investment in Belgium demonstrates Aedifica's strategy in the senior housing segment, which aims to strengthen and improve existing sites, as well to develop new projects in partnership with its tenants/operators. This strategy allows the Company to maintain a portfolio of high-quality buildings which generate attractive yields.
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The English version of this press release constitutes a free translation of the French language text and is made for information purposes only. In case of inconsistency with the French version or inaccuracy of the English translation, the French text shall prevail.
2 See press release of 18 December 2012.
28 April 2015 – After closing of markets Under embargo until 17:40 CET
Aedifica is a public Regulated Real Estate Company under Belgian law specialised in residential property. Aedifica has developed a portfolio worth more than €900 million, focused on two strategic pillars:
Aedifica has been quoted on the Euronext Brussels (continuous market) since 2006 and is identified by the following ticker symbols: AED; AED:BB (Bloomberg); AOO.BR (Reuters).
The Company's market capitalisation was €682 million as of 31 March 2015.
Aedifica is included in the EPRA indices.
This document contains forward-looking information that involves risks and uncertainties, including statements about Aedifica's plans, objectives, expectations and intentions. Readers are cautioned that forward-looking statements include known and unknown risks and are subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of Aedifica. Should one or more of these risks, uncertainties or contingencies materialise, or should any underlying assumptions prove incorrect, actual results could vary materially from those anticipated, expected, estimated or projected. As a result, Aedifica does not assume any responsibility for the accuracy of these forward-looking statements.
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