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Investment Teaser

Investment opportunity ThreeCare portfolio Ethias

​ Ethias SA announces the divestment of two affiliates owning three residential care centers located in strategic cities in Flanders, Brussels and Wallonia. The sizeable portfolio will be divested as a package deal consisting of ca. 340 care beds and 10 service flats resulting in more than 25,000 sqm. The portfolio is operated via triple net contracts by the renowned players Vulpia, Orpea and LNA Santé and secures a long-term income of currently ca. €3.2m annually with a WALB of more than 18 years. ​

Deloitte has been appointed as exclusive advisor for this transaction and hereby presents you with a unique investment opportunity.

Scope of the transaction

Clos sur la Fontaine - Liège

The property Clos sur La Fontaine is owned by Ankaret Invest SA and is operated by Orpea. Clos sur la Fontaine is a nursing home with 108 licensed beds. The complex has 8 levels of which 2 underground parking levels, a ground floor in 2 split levels and 4 upper floors. The estimated gross leasable area of the building is ca. 8,368 sqm, excluding parking. 

The property is located in a residential area in the city center of Liège, at the edge of the historical and commercial center. 

Les Tamaris - Evere

Les Tamaris is a property owned by Ankaret Invest SA and the complex is operated by LNA Santé. It is a residential care center with 144 licensed beds. The complex has 5 floors and 3 underground parking floors. The estimated gross leasable area of the building is ca. 8,585 sqm, excluding parking.

The property is located in a residential area in Evere, a municipality in the Brussels capital region. 

BoCasa – Heusden-Zolder

The property BoCasa is owned by Het Gehucht SA and is operated by Vulpia. BoCasa is a complex with a nursing home of 90 beds and 50 service flats of which 40 were sold individually to private investors. The complex has a ground floor with 3 upper floors and an underground parking with 30 units. The estimated gross leasable area of the building is ca. 8,100 sqm, excluding parking. 

The property is located in the center of Bolderberg, a township in the commune of Heusden-Zolder in the province of Limbourg. 

Further information

If you are interested to receive more information, please return us a signed version of the enclosed Confidentiality Agreement through the buttons on this site and we will send you a link to the data room and Investment Memorandum. This data room will contain all necessary information regarding the properties, the visits and the process of the transaction.

In case of questions, feel free to contact us.

About Ethias

Ethias was founded in 1919, employs more than 1.800 people  and is the third largest insurer in Belgium. The shareholders of Ethias are the Federal government (via FPIM), the Walloon Region (via SRIW), the Flemish Region and EthiasCo. Its policyholders are public authorities, companies and individuals. ​

More information about Ethias can be found on the company's website (www.ethias.be).

About Deloitte Real Estate

Deloitte Real Estate offers the full range of Real Estate related Consulting and Corporate Finance services.

Our service lines encompass real estate strategy, transactions, financing and structuring (debt, equity, alternative, fund structures, JVs), development advisory, portfolio strategy & optimization, corporate real estate and valuation.

Our multi-disciplinary team is integrated in the broader Deloitte, hence offering our client a one-stop-shop approach including whenever required the tax and legal capabilities of our firm.

Our clients include professional investors, public and private owners and occupiers, developers and construction contractors across all asset classes.

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