Brief: Care Property Invest Buys Residential Care Centre

Care Property Invest NV

15/12/2020 17:28

Dec 15 (Reuters) - Care Property Invest NV  CPINV.BR :
    * CARE AGREEMENT FOR ACQUISITION OF RESIDENTIAL CARE CENTRE
WITH
ASSISTED LIVING APARTMENTS IN ATTERT (BE)
    * THE TOTAL CONTRIBUTION VALUE OF THIS PROJECT IS ESTIMATED
TO BE
APPROXIMATELY €42.1 MILLION
    * COMPLETION OF THE CONSTRUCTION WORKS EXPECTED IN Q3 OF
2021
    * FOR REALISATION OF THE CONSTRUCTION WORKS, CARE PROPERTY
INVEST
WILL CONCLUDE SEPARATE CONTRACT WITH SERVICES ARDENNES SRL FOR
ADDITIONAL INVESTMENT COST OF ABOUT €2.2 MILLION.
    * EFFECTIVE ACQUISITION OF THE ENTIRE PROJECT BY CARE
PROPERTY
INVEST IS EXPECTED IN (THE FIRST HALF OF) Q1 OF 2021

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

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))