Bartra sells four nursing homes in €161m deal

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 98%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

Richard Barrett group plans future care home expansion while Belgian property group Aedifica is now a major player in Irish market

Richard Barrett group plans care home expansion while Belgian property group Aedifica is major player in Irish marketBartra founder Richard Barrett has sold a portfolio of four care homes for €161 million to a listed Belgian property group.Developer Richard Barrett has sold a portfolio of four care homes to listed Belgian property group, Aedifica in a €161 million deal.

Bartra will continue to run the homes under long-term leases which, Aedifica says, will yield an initial net rent yield of about 5 per cent. It will also operate another Aedifica site in Crumlin. At the time, Aedifica chief executive Stefaan Gielens said: “Ireland provides an attractive investment opportunity for Aedifica, since the care market is still very fragmented and the rapidly ageing population will lead to increasing demand for healthcare real estate.”

Bartra Healthcare chief executive Declan Carlyle said it was an “exciting and positive step” for the company.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This makes me so cross. The commodification of housing for every generation of Irish citizen by a small cohort of certain Irish developers, their cheerleaders & rapacious international funds, facilitated by misguided recent Government policies,directed by them, has to now stop.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in PROPERTY

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bartra sells nursing homes in €161m dealRichard Barrett group plans future care home expansion while Belgian property group Aedifica is now a major player in Irish market via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

‘Strong demand’ for student housing pulls investors into Irish market‘Silver tsunami’ of baby boomers expected to drive capital into nursing home sector, says Cushman & Wakefield here we go, another short sighted boom Is this a PR statement on behalf of property funds? Of course they would, FineGael in particular have shown them how easy it 2 profit in Ireland,particularly in Student Accommodation,make a killing during college term & absolutely millk it in summer,short term lets, Refugees etc,it's a win win & little tax 2 pay HowIrelandWorks
Source: IrishTimes - 🏆 3. / 98 Read more »

Issues around staffing at some nursing homes - HIQAHIQA has published 45 inspection reports on residential centres for older people in which it found that 15 centres were either fully or substantially compliant with regulations. Lets have an inquiry and write a report which promises this situation will be rectified and will never happen again or again or again.
Source: rtenews - 🏆 1. / 99 Read more »