Shared 06 June, 2025
The deal will be structured as an all‐share voluntary offer for 100% of the shares of Cofinimmo at an exchange ratio of 1.185 new Aedifica shares for each Cofinimmo share.
“This agreement marks a major step in our ambition to become Europe’s leading healthcare REIT,” said Stefaan Gielens, CEO of Aedifica. “We can now accelerate the integration of both companies and ensure we apply the most effective strategies to create value for all stakeholders.”
Jean-Pierre Hanin, CEO of Cofinimmo, added: “This combination marks an important moment as we join complementary expertise, portfolios and ambitions. Together, we are uniquely positioned to unlock significant synergies and deliver sustainable long-term value.”
The combination brings together two businesses with highly complementary healthcare real estate portfolios, and the combined entity will become the reference healthcare REIT in Europe with combined GAV of approximately €12.1bn and the number four healthcare REIT globally.
The integration will offer potential to expand their combined portfolio. There are operational synergies of approximately €16m, stemming from operational efficiencies. Complementary geographic footprints, aligned strategic focus on healthcare, and comparable portfolio sizes, earnings profiles, and capital structures will provide a strong foundation for value creation. Financing synergies are also expected to be realised, stemming from the increased scale and robust combined capital structure.
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*Offer ends on Friday, 7th February.
