Cofinimmo acquires medical office building in the Netherlands

Cofinimmo acquires medical office building in the Netherlands
Image: Courtesy of Cofinimmo

Cofinimmo has acquired a newly-built, fully operational medical office building in Sittard, in the province of Limburg (Netherlands), for approximately €5 million.

This new site is fully let to several healthcare providers.

Medisch Centrum De Baandert is located in a green area near the centre of Sittard, a municipality of over 37,000 inhabitants in the Dutch province of Limburg. A contemporary, multi-functional building combining several healthcare functions now stands on the site of the former De Baandert community centre.

This completely new and operational medical centre has a surface area of over 1,700 m². It was built considering high ESG criteria: renewable energy sources, remotely readable meters, solar panels, rainwater harvesting system, and heat pumps. The building has a very good energy performance of A++.

Located near restaurants, shops and a park, the centre is easily accessible by public transport (railway station at 1 km) and by bicycle from the centre of Sittard, which is only 400 metres away.

A double net lease has been signed with each care provider in the centre for a weighted average lease length of approximately 13 years. The rents will be indexed according to the Dutch consumer price index. The gross rental yield is approximately 6%.

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