Brief: Care Property Invest Acquires A Residential Care Centre In Attert, Belgium

Care Property Invest NV

20/01/2021 07:21

Jan 20 (Reuters) - Care Property Invest NV  CPINV.BR :
    * ACQUISITION OF A RESIDENTIAL CARE CENTRE WITH ASSISTED
LIVING
APARTMENTS IN ATTERT (BE) THROUGH A CONTRIBUTION IN KIND
    * PROJECT COMPRISES AN EXISTING RESIDENTIAL CARE CENTRE WITH
150
RESIDENTIAL PLACES AND A LICENSED GROUP OF ASSISTED LIVING
APARTMENTS WITH 26 RESIDENTIAL UNITS
    * ISSUE PRICE EQUALS EUR 24.8142474213662 PER SHARE
    * OPERATION IS GUARANTEED BY MEANS OF A NEW LONG-TERM LEASE
AGREEMENT OF 'TRIPLE NET' TYPE, WHICH CAN BE INDEXED ANNUALLY
WITH A MINIMUM DURATION OF 29 YEARS (RENEWABLE)
    * CONSTRUCTION WORKS HAVE RECENTLY STARTED ON SITE IN ORDER
TO
EXPAND RESIDENTIAL CARE CENTRE
    * FOLLOWING THIS CONTRIBUTION LEADING TO A CAPITAL INCREASE
OF EUR
42,087,805.27, 1,696,114 NEW CARE PROPERTY INVEST SHARES WERE
ISSUED

Source text for Eikon:  ID:nNDL6dbqth 
Further company coverage:  CPINV.BR 

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