Belgian nursing home group Aedifica is to invest €43.5 million in the construction of three purpose-built care homes for elderly people.

The care homes, which will be built by Whitebox Property Development and will be operated by Mowlam Healthcare, will comprise 273 en-suite bedrooms.

The investment includes two 90 bed homes in Kilkenny and Tramore and a 93-bed home in Waterford city.

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Stefaan Gielens, chief executive of Aedifica, (pictured) said: “This transaction will further strengthen our position and visibility in the Irish market, increasing our portfolio in Ireland to more than €180 million upon completion of all development projects.”

Construction is already under way at all three sites with work set to complete at the Waterford and Kilkenny by Q1 2023.

The venture marks the first time Aedifica has partnered with Mowlam Healthcare. The Belgian REIT has previously partnered with Coolmine Caring Services Group on it homes in St Doolagh’s, Balgriffin and Millbrook Manor, Saggart.

Aedifica has invested €79 million in Ireland this year with plans to invest a further €62 million, including €38 million with Mowlam Healthcare.

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