Belgian healthcare REIT has invested £11m in the construction of a 61 en-suite bed care home in Aylesbury, Buckinghamshire.
Work has begun on the purpose-built home which will be operated on 30-year lease by Maria Mallaband Care Group (MMCG).
Stefaan Gielens, CEO of Aedifica, said: “Aedifica continues to expand its healthcare real estate portfolio in the United Kingdom and is investing approx £11 million in the construction of a care home in Aylesbury, Buckinghamshire.
“The care home will comprise 61 en-suite bedrooms for seniors requiring continuous care. Thanks to this transaction, we are once again expanding our collaboration with Maria Mallaband Care Group, an established elderly care home provider. The project is expected to be completed in the fourth quarter of 2022.”
MMCG provides residential and dementia care at over 80 care homes across the UK and operates 15 sites within Aedifica’s portfolio.