Brief: Care Property Invest Agrees To Buy 3 Residential Care Centres

Care Property Invest NV

07/04/2020 17:26

April 7 (Reuters) - CARE PROPERTY INVEST NV  CPINV.BR :
    * AGREEMENT FOR ACQUISITION OF 3 RESIDENTIAL CARE CENTRES
    * EFFECTIVE ACQUISITION IS EXPECTED TO TAKE PLACE IN Q2 OF
2020
    * TOTAL CONVENTIONAL VALUE OF THIS PORTFOLIO IS ESTIMATED TO
BE
APPROXIMATELY EUR 86.9 MILLION
    * LEASEHOLD AGREEMENTS ARE OF 'TRIPLE NET' TYPE AND
CURRENTLY HAVE
A REMAINING DURATION OF AT LEAST 29 YEARS (RENEWABLE)

Source text for Eikon:  ID:nNDL7nTKMM 
Further company coverage:  CPINV.BR 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))