Aedifica’s £450 Million Property Portfolio Acquisition


Bryan Cave Leighton Paisner and Mourant advised Aedifica on its acquisition of a portfolio of 93 care home properties across England for approximately £450 million from Lonestar.

All the properties are leased to a diversified range of 14 tenants on index-linked triple net leases with a weighted average remaining lease term of over 22 years.

With a value of approximately £450 million, the transaction represents one of the largest healthcare transactions of 2018 for the UK market, and the first ever by a European Healthcare REIT.

Bryan Cave Leighton Paisner advised with a team including Michael Anderson (Picture), Tom Bacon and Xin Fan (M&A and Corporate Finance), Matt Peel, Harry Blathwayt and Sarah Cowen (Real Estate), Matt Poole, Victoria Wolf and Ceinwen Hayes (Tax Advice & Controversy), Kyle Johnson (Banking), Jeremy Bark (Regulatory) Louis Wihl (Commercial and Technology), Paul Grace and Michael Dempsey (Planning) and a large pan UK real estate due diligence team.

Mourant acted as Jersey counsel with a team including Gareth Rigby, Iain Millar and Sam Malpass.

Involved fees earner: Kyle Johnson – Berwin Leighton Paisner; Michael Anderson – Bryan Cave Leighton Paisner; Thomas Bacon – Bryan Cave Leighton Paisner; Jeremy Bark – Bryan Cave Leighton Paisner; Harry Blathwayt – Bryan Cave Leighton Paisner; Sarah Cowen – Bryan Cave Leighton Paisner; Michael Dempsey – Bryan Cave Leighton Paisner; Paul Grace – Bryan Cave Leighton Paisner; Ceinwen Hayes – Bryan Cave Leighton Paisner; Matthew Peel – Bryan Cave Leighton Paisner; Matthew Poole – Bryan Cave Leighton Paisner; Louis Wihl – Bryan Cave Leighton Paisner; Victoria Wolf – Bryan Cave Leighton Paisner; Samuel Malpass – Mourant Ozanne; Iain Millar – Mourant Ozanne; Gareth Rigby – Mourant Ozanne;

Law Firms: Berwin Leighton Paisner; Bryan Cave Leighton Paisner; Mourant Ozanne;

Clients: Aedifica SA;