Rodschinson Investment

24/09/2026

23/09/2026

The headline rent gets attention. The lease clauses decide the risk.

In care real estate, three points can carry more weight than a few extra basis points on yield:
✅ Indexation
3.08% average in 2025, with yearly compounding.
✅ Term & renewal
20-year leases are common, but the real value sits in the remaining term and renewal mechanics.
✅ Capital works

This is where things can get expensive.
Who funds the rebuild when regional standards change? Triple net may cover running costs.

It does not automatically answer that question.
That is why we price the lease structure first, then the rent.

➡️ Send us the lease before you set the price.

21/09/2026

Aedifica’s absorption of Cofinimmo changes more than scale. It changes the buyer map for Care Real Estate.

The combined platform now represents:
- €11.0B healthcare portfolio
- 923 properties
- 9 countries
- 79.57% of Cofinimmo held
The transaction was executed in roughly nine months, from agreed terms in June 2025 to control secured in March 2026.

For owners of Belgian care assets, the implication is important:
✅ There are fewer large buyers.
✅ Those buyers have more capital.
✅ And every conversation carries more weight.

A concentrated buyer pool rewards preparation, sharper positioning and real competitive tension.
That changes how a care-asset sale process should be run.

Selling into this market? Know the buyer before you go to market.

18/09/2026

| The signal of the month: hotels are being reweighted.

A record was set in the Belgian market this quarter, and it received almost no coverage. Hotels captured 7.35% of total investment volume in Q1 2026. The highest share on record. The volume confirms it: €305.5M into Belgian hotels in 2025, up 44% year-on-year.

But the composition of demand is the real point. Across 2020 to Q1 2026:

▪ Institutional investors: 45%
▪ Owner-operators: 43%
▪ Private investors: 9%
▪ Developers: 3%

88% of the volume is institutional or operator capital. The reweighting is institutional, not opportunistic. That distinction matters. Institutional capital arrives slowly and withdraws slowly. This is a structural move, not a trade.

Our reading: hospitality has moved from a specialist allocation to an ordinary line in a Belgian portfolio.

We advise on that transition.
➡️ Where does hospitality sit in your allocation today?
—

16/09/2026

✈️ An airport bought its own hotel.
That is more than a real estate transaction.

In this carousel, we break down the acquisition of Novotel Brussels Airport by Brussels Airport Company.
_ 209 rooms
_ 3-star hotel
_ 5 minutes from the terminal
_ 11 meeting rooms

The most interesting part is the buyer. The airport already generates the demand around the hotel. By acquiring the property, it is bringing part of that ecosystem under the same ownership.

That is vertical integration, rather than a simple yield play.

And the structure remains clear:
✅ Owner: Brussels Airport Company
✅ Operator: Essendi
✅ Brand: Accor · Novotel

Three roles. Three different responsibilities.
That distinction matters, especially for first-time hospitality investors.

Owning a hotel does not mean operating it.
Who operates what you own?