Brief: Care Property Invest Acquires EUR 11.2 MLN Redevelopment Project In Netherlands

Care Property Invest NV

08/08/2023 17:20

Aug 8 (Reuters) - Care Property Invest NV  CPINV.BR :
    * CARE PROPERTY INVEST ACQUIRES MONUMENTAL REDEVELOPMENT
PROJECT
IN 'S-GRAVELAND (NL)
    * PROJECT HAS A TOTAL INVESTMENT VALUE OF APPROXIMATELY
€11.2
MILLION AND WILL ACCOMMODATE 23 CARE APARTMENTS ONCE COMPLETED
    * THE REDEVELOPMENT IS FINANCED IN INSTALMENTS BY CARE
PROPERTY
INVEST, DEPENDING ON THE PROGRESS OF THE WORKS
    * WORKS ARE EXPECTED TO START IN Q4 OF 2023 AND WOULD BE
COMPLETED
IN Q3 OF 2024
    * FOR THE OPERATION OF THE PROJECT, THE COMPANY JOINS FORCES
FOR
THE SECOND TIME WITH OPERATOR GOLDEN YEARS
    * CARE PROPERTY INVEST AND GOLDEN YEARS WOLFSBERGEN B.V., A
SUBSIDIARY OF GOLDEN YEARS, ARE ENTERING INTO A NEW LONG-TERM
RENTAL AGREEMENT OF THE ‘TRIPLE NET’ TYPE WITH A DURATION OF
MINIMUM 25 YEARS

Source text: [https://bit.ly/45bKGWg]
Further company coverage:  CPINV.BR 

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