Aedifica SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Aedifica SA Acquires Property In Limburg-Hugin
Hugin reported that Aedifica SA has acquired a plot of land of approximately 6,500 sq.m. on the former mining site in Beringen-Mijn in the province of Limburg. The site that is located between Stationsstraat and Koolmijnlaan is to undergo a transformation thanks to the be-MINE project that is currently in progress and will reach completion in 2020. The Company provides a budget of EUR 17.4 million for the development of the rest home. The project will be entirely funded by its credit facilities. The "Residentie Sporenpark" rest home will be operated by the group Senior Living Group, on the basis of a triple net long lease of 27 years. The expected rental yield amounts to approximately 6%.
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