Acquisition of Priesty Fields Developments Ltd by Aedifica UK Ltd

BDO.LiveSite.Deals.DealTypeTransaction Services
BDO.LiveSite.Deals.IndustryReal Estate
BDO.LiveSite.Deals.ClientNameAedifica UK Limited

Listed on Euronext Brussels and Euronext Amsterdam, Aedifica is a Belgian incorporated group which invests in European healthcare real estate.  It has developed a portfolio of more than 450 sites across Northern Europe and has a market cap of approximately €2.7 billion.

On 24 July 2020, Aedifica announced the forward purchase of a new 80 bed care home in Congleton, Cheshire, investing approximately £13m. The agreement for the acquisition by Aedifica UK Ltd has been entered until but the purchase price will be paid and the acquisition will be completed once the new home has been built, expected in Q1 2021.  BDO provided financial and tax due diligence on the acquisition.