Cushman & Wakefield undertakes real estate valuation on the part of Belgian REIT Aedifica

Dermot Hughes • 12/03/2021

The acquisition augments Aedifica’s market share of the Irish market to 417 beds; and follows in quick succession from the groups February purchase of Brídhaven Nursing Home in Mallow.

The onward operator as with Brídhaven, will be the Virtue Group, a subsidiary of substantial French care group EMERA, who acquired a 70% stake holding within Q4 2020.

EMERA have an existing operational portfolio of approx. 6,500 nursing home bed spaces across 7 countries.

Cushman & Wakefield has undertaken the valuation of a 4 home, 233 bed nursing home portfolio as part of a sale and leaseback transaction involving two of Europe’s leading Healthcare specialists.

The portfolio of four homes provides a total of 233 beds as follows:

Location  No. of Beds 
Bunclody, Co Wexford  62
New Ross, Co Wexford  62
Killerig, Co Carlow  45
Christendom, Waterford  64
Total  233


The Cushman & Wakefield Irish Healthcare team undertook a valuation of the portfolio, as part of Aedifica’s acquisition process.

Dermot Hughes commented “This constitutes the third sizeable nursing home sale and leaseback transaction, within the market this year, with close to €150M being invested to date. Notably, all three have emanated from Belgian based REIT’s in the form of Aedifica within March and February and prior to that Cofinimmo’s acquisition of the Trinity Care portfolio at the turn of the year. The roll out of European backed PropCo OpCo arrangements within the sector, is certainly gaining momentum. We’re delighted to have been assigned the valuation role in each instance.


Samuel Beckett Bridge is a cable-stayed bridge in Dublin
Cushman & Wakefield undertakes valuation on the part of Cofinimmo, in sale and lease back of the Trinity Care Nursing Home Portfolio, in Ireland

The acquisition marks Cofinimmo’s entry to the Irish marketplace, by way of a €93M sale and leaseback, in conjunction with leading European operator and likewise new entrant DomusVi.

Dermot Hughes • 19/01/2021

Cushman & Wakefield launch €395m Facebook International HQ to the Market

The eagerly anticipated investment sale of a substantial part of Facebook’s International Headquarters, has been formally announced with a guide price in excess of €395m.

Kevin Donohue • 07/09/2021

Office Investment Q1 2020 Report
Surge in reserved space, as office occupier market continues to see improved activity

Latest research from Cushman & Wakefield reveals an interesting quarter for the Dublin office market. Take up in Q2 2021, as expected, continued to struggle with just 19,150 sq m occupied. However, outside of take up, the story of improved demand is best reflected in reserved figures once again, along with a rise in requirements and viewings.

Kate English • 15/07/2021


Insights • Investment

Irish Investment Market

Despite COVID-19 challenges and travel restrictions, total capital inflow reached approximately €1.45bn across 43 deals in the second quarter of 2021, of which €641.5m were income generating at the point of sale and €805m were forward commit style arrangements.

Kevin Donohue • 27/07/2021
Office Investment Q1 2020 Report
Insights • Office

Dublin Office Market

The Dublin office market experienced an interesting second quarter to 2021. On the demand side, take up was, as expected, low with just 19,150 sq m occupied. This brings total take up to 39,885 sq m at the mid-point of the year, compared to the long-run H1 average of 81,880 sq m. 

Ronan Corbett • 27/07/2021
Samuel Beckett Bridge is a cable-stayed bridge in Dublin
Insights • Economy

Ireland Real Estate Market View

A regular update on the latest in commercial real estate in Ireland.
Kate English • 25/05/2021


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