Ballincollig
Republic of Ireland
Date purchased: 13 Sep 2023
A modern, purpose-built Enhanced Community Care facility located in Ballincollig, near Cork. The building is 100% let to the Health Service Executive (“HSE”) on a new 25 year lease with Irish CPI indexed rent reviews. The asset will provide a variety of services primarily to support elderly care and those suffering from a variety of chronic diseases including cardio, respiratory and endocrine issues. The property benefits from strong ESG credentials with a Building Energy Rating of A3 and a Nearly Zero Emission Building (“NZEB”) status. The asset was acquired for €29.64 million.