Brief: Care Property Invest Acquires 3 Residential Care Centres

Care Property Invest NV

04/06/2020 17:03

June 4 (Reuters) - CARE PROPERTY INVEST NV  CPINV.BR :
    * ACQUISITION OF 3 RESIDENTIAL CARE CENTRES IN LAEKEN,
LENNIK AND
WESTENDE (BE)
    * TOTAL CONVENTIONAL VALUE OF THIS PORTFOLIO IS ESTIMATED TO
BE
APPROXIMATELY EUR 86.9 MILLION
    * PROJECTS HAVE TOTAL CAPACITY OF 366 RESIDENTIAL PLACES IN
RESIDENTIAL CARE CENTRES AND A LICENSED GROUP OF ASSISTED LIVING
APARTMENTS WITH 22 RESIDENTIAL UNITS
    * LEASEHOLD AGREEMENTS ARE OF 'TRIPLE NET' TYPE AND
CURRENTLY HAVE
A REMAINING DURATION OF AT LEAST 29 YEARS (RENEWABLE).
    * TRANSACTION TOOK PLACE IN FORM OF A SHARE DEAL WHEREBY
CARE
PROPERTY INVEST ACQUIRED 100% OF SHARES IN ZORGINFRA

Source text for Eikon:  ID:nNDL7pDSWR 
Further company coverage:  CPINV.BR 

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