Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield undertakes valuation on the part of Cofinimmo, in sale and lease back of the Trinity Care Nursing Home Portfolio, in Ireland


The acquisition marks Cofinimmo’s entry to the Irish marketplace, by way of a €93M sale and leaseback, in conjunction with leading European operator and likewise new entrant DomusVi.

Cushman & Wakefield has undertaken the valuation of a 7 home, 491 bed portfolio as part of a sale and leaseback transaction involving two of Europe’s largest Healthcare specialists.

The transaction marks both parties’ entry within the Irish nursing home sector.

Belgian based REIT Cofinimmo are listed on the Euronet Brussells (BEL 20) and have an existing European healthcare portfolio of approximately €2.7bn; with assets spread across Belgium, France, the Netherlands, Germany, Spain and now Ireland. This comprises of 211 facilities and more than 19,400 beds across 6 countries, with an average unexpired lease term of more than 16 years. The healthcare sector accounts for 59% of the groups overall property portfolio, which has a total worth of approx. €4.6bn.

The French registered operator DomusVi, has a reported net worth of €245M and is a leading provider of accommodation, assistance and care facilities within France, Spain, Portugal and worldwide. It operates close to 400 nursing homes, 17 senior residential homes, more than 20 psychiatric hospitals and centres for the disabled as well as multiple home-care agencies. It is currently a top 3 operator in both France and Iberia.

The portfolio of seven modern nursing homes provides a total of 491 beds as follows:


No. of Beds

St Doolagh’s Balgriffin, Dublin


Anovocare, Swords, Dublin


Foxrock, Dublin


Suncroft, Co Kildare


Gormanston Wood, Gormanston, Co Meath


St Peter’s, Castlebellingham, Co Louth


Castlemanor, Drumalee, Co Cavan




The majority of the nursing homes are within the Greater Dublin Area and range in date from 1999 to 2016; with all but one being constructed post 2000.

The acquisition represents the first significant transaction to take place within the Irish nursing home market in 2021 and is one of the most significant sale and leaseback transactions within the sector in recent years.

The Cushman & Wakefield Irish Healthcare team undertook a valuation of the portfolio as part of Cofinimmo’s acquisition process.

Dermot Hughes commented “We are delighted to have been involved in the provision of valuation services to Cofinimmo as part of this transaction. The acquisition bodes well for the Irish healthcare market and demonstrates the high level of confidence within it; with two such key principal European entrants. It provides a strategic platform to both parties, for onward expansion within Ireland.”



Kauai Organic Farms
Irish Development Land Market records €400m for first half of 2024

The Irish Development Land Market saw around €400m change hands for the first 6 months of 2024 across the Greater Dublin Area (GDA) and the regional centres of Cork, Limerick and Galway.

Paul Nalty • 09/07/2024

Operator MB Q2 2023
Dublin the third most attractive UK/Ireland location for hotel operator

Cushman &Wakefield’s latest Operator Beat for the first half of 2023 showed improved optimism across the hotel sector in the first half of 2023.

Tom McCabe • 21/07/2023

Valuation on the part of Belgian REIT Aedifica

The acquisition augments Aedifica’s market share of the Irish market to 417 beds; and follows in quick succession from the groups February purchase of Brídhaven Nursing Home in Mallow.



Samuel Beckett Bridge is a cable-stayed bridge in Dublin

Ireland MarketBeats

Cushman & Wakefield MarketBeat reports analyse quarterly Ireland commercial property activity across office, retail and industrial real estate sectors including supply, demand and pricing trends at the market and submarket levels.
Tom McCabe • 08/07/2024
Video • Investment / Capital Markets

CushWake Conversations: Retail & Logistics Synergy

Brendan Smyth, Director, Head of Industrial & Logistics and Karl Stewart, Director, Head of Retail, sat down to discuss the synergies between retail and logistics sectors, highlighting how they are moving towards potentially becoming a single, interconnected market despite some challenges.


Dublin MarketBeat Reports

Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Tom McCabe • 30/04/2024


We’re on hand to help. Get in touch and we can help with any additional information you need.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.

Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All