Contact

Gareth Rigby

Gareth Rigby

Jersey
Partner

Iain Millar

Iain Millar

Jersey
Counsel

Samuel Malpass

Samuel Malpass

Jersey
Associate

Mourant advises Aedifica on £450m property portfolio acquisition

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08 February 2019

Leading global offshore law firm, Mourant, has advised listed Belgian healthcare real estate client, Aedifica, on its acquisition of a portfolio of 93 care home properties across England for approximately £450m from Lonestar.

The deal marks Aedifica’s entry into the UK market, making it the fourth country in its portfolio. The UK portfolio consists of 91 locations with a total capacity for more than 5,700 residents.

Stefaan Gielens, CEO of Aedifica, commented: “The United Kingdom provides an attractive investment opportunity for Aedifica, since the healthcare market is still very fragmented and the ageing population leads to increasing demand for care assets.”

Mourant Partner and Corporate Group head, Gareth Rigby, led the team assisted by counsel Iain Millar and associate Sam Malpass. The firm acted as Jersey counsel alongside lead onshore counsel, Bryan Cave Leighton Paisner.

The transaction is the most recent in a line of high value real estate work undertaken by the Mourant Corporate team, which is ranked Tier 1 across all three major UK legal directories.