Real Estate

Brussels-listed Aedificia to double size of its Irish portfolio

Investment trust plans to buy and develop more nursing homes and other healthcare properties to a total value of €300 million

Stefaan Gielens, chief executive of Aedifica: ‘If you look at what we have been doing in other countries, you will see that we definitely go all over the place.’ Picture: David Plas

Aedificia, the Brussels-listed real estate investment trust, plans to double the value of its Irish portfolio over the next two to three years.

Once its current development projects are completed, Aedificia’s Irish portfolio will be valued at approximately €300 million.

“Over the next two to three years, we will double the size of the portfolio, I think that would be a very realistic assumption,” Stefaan Gielens, chief executive of Aedifica, told the Business Post.

Aedifica ...