Argo advised DG Infra Yield

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Argo advised DG Infra Yield on the divestment of three nursing homes with an aggregate portfolio value of EUR 86.9 million

Argo advised DG Infra Yield on the sale of its real estate portfolio of residential care homes “De Wand” in Laken, “Keymolen” in Lennik and “Westduin” in Westende, to Care Property Invest.
The residential care homes have a total capacity of 366 housing units and 22 assisted living units and have an aggregate portfolio value of EUR 86.9 million. The residential care homes are operated by Armonea NV (part of Groupe Colisée).

DG Infra Yield is an infrastructure fund, with investments in Belgium, The Netherlands and its neighbouring countries. Care Property Invest is a public regulated real estate company, specialised in the market segment of housing for seniors and people with disabilities.
Closing of the transaction is subject to conditions precedent and is expected to take place during the second quarter of 2020.