Brief: Care Property Invest Acquires Residential Care Centre In Ireland

Care Property Invest NV

18/02/2022 17:18

Feb 18 (Reuters) - Care Property Invest NV  CPINV.BR :
    * CARE PROPERTY INVEST ENTERS IRISH HEALTHCARE PROPERTY
MARKET
    * SIGNING OF AN AGREEMENT FOR ACQUISITION OF AN EXISTING
RESIDENTIAL CARE CENTRE IN BALLINCURRIG, COUNTY CORK
    * DEAL IS EXPECTED TO FORMALLY CLOSE IN THE FIRST QUARTER OF
2022
    * BALLINCURIG CARE CENTRE HAS A TOTAL CAPACITY OF 55
RESIDENTIAL
PLACES AND A CONVENTIONAL VALUE OF APPROXIMATELY €6.2 MILLION
    * TRANSACTION WILL TAKE PLACE IN THE FORM OF AN ASSET DEAL.
CARE
PROPERTY INVEST WILL ACQUIRE THE REAL ESTATE OF THIS PROJECT
THROUGH ITS IRISH SUBSIDIARY, CARE PROPERTY INVEST EMERALD LTD.

Source text for Eikon:  urn:newsml:reuters.com:*:nNDL8LDzTy
Further company coverage:  CPINV.BR 

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