HBI Deals+Insights / M&A/IPOs

Confinimmo spends €60m in Germany and the Netherlands

Belgian REIT Cofinimmo, which owns a portfolio worth over €3.3bn, has bought several medical offices in the Netherlands for €29.5m with yields ranging between 7% and 8.3%. Earlier this week, it also acquired the Kaiser Karl rehabilitation clinic in Bonn, Germany for €30m as well, to be rented to 800-bed German operator Eifelhöhen-Klinik AG under a 25-year double net lease, for an initial yield of 7.32%.

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