Aedifica NV

Brussels, Belgiumaedifica.eu/
Invested through
  • Triodos Impact Mixed Fund - Neutral
  • Triodos Euro Bond Impact Fund
Asset ClassesImpact bonds
Impact strategyImpact Equities and Bonds
ISIN codeBE6330288687
Industry groupReal Estate
Aligned with SDGs

Aedifica SA invests in real estate and residential assets. Its real estate portfolio primarily consists of healthcare and assisted living facilities which the company acquires, develops, and manages. Overall, the company operates through three segments: Healthcare Real Estate, Apartment Buildings, and Hotels. The Healthcare Real Estate segment consists mainly of rest homes and assisted-living complexes, rented to operators. The Apartment Buildings segment consists of residential apartment buildings located in Belgian cities. This segment also includes rental income from commercial ground floors and/or office space included in these buildings. The Hotels segment consists of hotels rented to operators under triple net long leases. The company was founded in 2005.

Investment rationale

Aedifica Sustainability bond finances the acquisition and construction of energy efficient real estate as well as the refurbishment of buildings to increase energy efficiency. The company specialises in investments in European healthcare real estate, in particular housing for seniors with care needs, which positively contributes to fulfilling the care needs for the rapidly aging European societies. The expenditures contribute to advance the company's sustainability performance, by not only making the real estate used for healthcare but also ensuring these real estates are energy efficient. Given that Aedifica is the provider of the real estate but is not in control of the actual energy use of the buildings, making the buildings more energy efficient is the best contribution of the company can provide to ensure reduced emissions form the building sector, which accounts for around one third of energy related EU emissions.