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Clifford Chance advises international healthcare provider ORPEA Group and Dagelijks Leven on the sale and lease back of 22 DLV residential care complexes

15 September 2023

Clifford Chance advises international healthcare provider ORPEA Group and Dagelijks Leven on the sale and lease back of 22 DLV residential care complexes

International law firm Clifford Chance has advised its longstanding client the ORPEA Group, a leading global expert in providing care and housing for the elderly, and DLV (a subsidiary of ORPEA) on the sale and leaseback of a portfolio of 22 DLV residential care complexes to Amvest Living & Care Fund, which will eventually provide care to approximately 480 residents.

For several years now, DLV has been developing an innovative concept in the Netherlands for specialised care and accommodation for elderly people with cognitive disorders, characterized by an affordable price positioning within a low-scale setting.

The portfolio consists of a mix of already existing, under construction and yet-to-be-constructed care home real estate properties located throughout the Netherlands. The care homes will be completed in 2023, 2024 and the first half of 2025, providing new care homes for approximately 480 residents. This new sale and leaseback agreement will bring the number of homes owned by Amvest to 75. Read more about the transaction here.

Clifford Chance assisted the ORPEA Group with the drafting and negotiation of all transaction documents and actual transfers.

The Clifford Chance team was led by Liesbeth Buiter, and further consisted of Lotte de Bruin, Dolyne Munyampeta, Johanneke Butijn, Andrea Karkotis, Gülsah Vural and Kris Soomers (Real estate projects Amsterdam). The broader team consisted of Charlotte Horsten, Esmée Oldenkamp (Notarial Amsterdam), Michiel Sunderman, Stern Flik, Alec Sanderson and Johan Anton Niesten (Tax Amsterdam).