Brief: Care Property Invest Acquires Residential Care Centre In Bray

Care Property Invest NV

25/05/2022 16:41

May 25 (Reuters) - Care Property Invest NV  CPINV.BR :
    * CARE PROPERTY INVEST ACQUIRES A RESIDENTIAL CARE CENTRE IN
BRAY
(IE)
    * TOTAL CONVENTIONAL VALUE OF APPROXIMATELY € 20.0 MILLION
    * TRANSACTION TOOK PLACE IN FORM OF ASSET DEAL WHEREBY CARE
PROPERTY INVEST ACQUIRED PROPERTY OF THIS PROJECT THROUGH ITS
IRISH SUBSIDIARY CARE  PROPERTY INVEST EMERALD
    * PROJECT IS OPERATED BY THE IRISH COMPANY MCMAHON
HEALTHCARE
LIMITED, WITH WHOM DOMUSVI HAS CONCLUDED AN AGREEMENT UNDER
SUSPENSORY CONDITIONS FOR THE ACQUISITION OF 100% OF THE SHARES
IN MCMAHON HEALTHCARE LIMITED
    * NEW LONGTERM LEASEHOLD AGREEMENT OF 'TRIPLE NET' TYPE WITH
A
MINIMUM DURATION OF 15 YEARS (RENEWABLE AND ANNUALLY INDEXABLE)
HAS  BEEN CONCLUDED
    * AS OF TODAY, THE PROJECT GENERATES ADDITIONAL INCOME FOR
THE
COMPANY

Source text: https://bit.ly/3wSjCvg
Further company coverage:  CPINV.BR 

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