Brief: Care Property Invest Acquires Care Center In Madrid

Care Property Invest NV

24/07/2020 16:55

July 24 (Reuters) - CARE PROPERTY INVEST NV  CPINV.BR :

    * ACQUISITION OF A CARE AND HOUSING SERVICE CENTER WITH A
GROUP OF
ASSISTED LIVING UNITS TO BE DEVELOPED IN CARABANCHEL (MADRID)
    * TOTAL INVESTMENT VALUE FOR THIS PROJECT IS APPROXIMATELY
EUR
14.6 MILLION
    * PROJECT WILL BE OPERATED BY SUBSIDIARY OF EMERA GROUP ON
THE
BASIS OF A NEW LONG-TERM "TRIPLE NET" LEASE WITH A MINIMUM TERM
15 YEARS (RENEWABLE), WHICH WILL BE INDEXED ANNUALLY
    * PROVISIONAL ACCEPTANCE OF "EMERA CARABANCHEL" IS SCHEDULED
FOR
Q2 2022

Source text for Eikon:  ID:nNDL1WwYLF 
Further company coverage:  CPINV.BR 

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