In 2017, IMMAC made its entry into another European market. IMMAC Capital (Ireland) Limited was established in the Irish capital of Dublin and it successfully closed its first transaction in December 2017. It paved the way for a clear-cut strategy to expand into another fast-growing nursing care market.
The care facilities Beechfield Manor Nursing Home, Glengara Park Nursing Home and Mount Hybla Nursing Home, which are well established on the market and show a sustained high occupancy, are located in excellent sites in the greater Dublin area in Leinster Province. The Province comprises the Counties of Fingal, Dublin City, South Dublin and Dún Laoghaire-Rathdown with a combined population of 1,347,359 residents in 2016, of whom twelve percent were over the age of 65. The Dublin metro area accounts for around 27 percent of Ireland’s entire population, making it by far the largest conurbation in the country.
Beds in nursing homes