Assisted Living

 

UK infra investors buy 650 retirement homes for £200m

A new joint venture between investment groups John Laing and Macquarie has agreed to acquire 650 retirement home properties from the country's biggest retirement home developer & operator McCarthy & Stone, for a total of £200m (€230m). 

REIT sees untapped opportunities in German assisted living

For-profit companies that provide assisted living in Germany generally focus on the higher end of the market, but Swedish REIT Hemsö is convinced the bigger opportunity lies in more affordable residences. HBI speaks to Germany’s Head of Region, Jens Nagel, and Frédéric Dib of MoZaiC Asset Management, to find out more.

New off-payroll worker legislation could cost UK operators

Healthcare operators could fall foul of UK legislation designed to target tax avoidance which is due to come into force next month. For the first time, IR35 will force for-profit groups to assess the legal status of contractors receiving payments via an intermediary - and a failure to do so could prove costly.  HBI speaks to a specialist tax barrister to find out more.

UK assisted living sector expansion fuelled by sales – not rental

The for-profit assisted living sector is expanding rapidly in the UK, but unlike on the continent, the majority of this expansion will be through property sales rather than rentals. HBI speaks to Michael Voges, from the Associated Retirement Community Operators (ARCO), to find out more about why this approach differs from mainland Europe.

Number of French assisted living sites “could double by 2030”

The number of assisted living sites in France is expected to more than double between now and 2030, according to Les Essentielles, an assisted living-focused subsidiary of Korian. HBI speaks to their executive director, Arnaud Choulet, and to Frédéric Walther, Managing Director of Domitys, to find out more. 

Aedifica takes first step into Ireland

Aedifica has acquired its first asset in Ireland. The Belgian REIT has taken ownership of an operational purpose-built care home in Mallow, County Cork in a deal worth approximately €25m.

Cofinimmo expands in Normandy

Cofinimmo has acquired five new healthcare sites in Normandy for approximately €44m further extending its French portfolio. The Belgian-based real estate company's new assets comprise four nursing and care homes, one of which is currently under construction, and one assisted-living facility.

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