Catella Investment Management Benelux Acquires Senior Housing In Auderghem, Belgium For €50M
Rue Jacques Bassem Jacques Bassemstraat 7, Auderghem, 1160 Brussels Capital, Belgium
$50,000,000
Units
108
Asset Type
Other
Closing
Jan 7, 2022
About this deal
AI
The property involved in this closed transaction is located at Rue Jacques Bassem 7, 1160 Auderghem, Belgium in the sector of Auderghem. It falls under the asset class of Senior Housing and consists of 108 units. The purchase price for this transaction was €50,000,000, resulting in a price per square foot of €462,963.
Summary of Transaction Details
- Property Type: Senior Housing
- Transaction Amount: €50,000,000
- Units: 108
- Price per Square Foot: €462,963
- Vendor: Bassem Certificates SA
- Purchaser: Catella Investment Management Benelux - Ralph Willems & Catella Residential Investment Management - Patrick Au Yeung
The deal was facilitated by the following individuals and companies:
- Ralph Willems from Catella Investment Management Benelux
- Patrick Au Yeung from Catella Residential Investment Management
Players
Market Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93