Brussels-listed Care Property Invest, an investor in high quality healthcare real estate for elderly and disabled people in Europe, has completed two development projects from its Dutch care property portfolio, accounting for a total investment value of €12.8m (US$13.6m) and an additional capacity of 28 residential units.
On March 28, 2024, Care Property Invest delivered the ‘Wolfsbergen’ redevelopment project. The building is the former town hall of ‘s-Graveland, an affluent village in the province of North Holland. The project features 23 care flats and has a total investment value of around €11.2m.
Previously, on June 16, 2023, Care Property Invest acquired the country estate ‘Residence Oldenbarnevelt’ in Rotterdam, a luxurious up-and-running care residence amidst a vast nature reserve, after which Care Property Invest entered a partnership with developer De Nederlanden Ontwikkeling for the redevelopment of the adjacent coach house and the hayloft. On April 12, 2024, the extension was delivered.
The completed annexes feature five care flats and have a total investment value of approximately €1.6m.
The operator of both care residences is Golden Years, which specialises in high-quality, small-scale, and luxurious elderly care.
