Brief: Care Property Invest Buys Residential Care Centre In Lier

Care Property Invest NV

17/11/2021 07:47

Nov 17 (Reuters) - Care Property Invest NV  CPINV.BR :
    * ACQUISITION OF A RESIDENTIAL CARE CENTRE WITH ASSISTED
LIVING
APARTMENTS IN LIER (BE) VIA A CONTRIBUTION IN KIND
    * PROJECT IS OPERATED BY VULPIA CARE GROEP ON THE BASIS OF A
NEW
LONG-TERM LEASEHOLD AGREEMENT OF THE 'TRIPLE NET' TYPE WITH A
MINIMUM DURATION OF 27 YEARS (RENEWABLE AND ANNUALLY INDEXABLE)
    * THE CONTRIBUTION WAS REMUNERATED BY 1,124,968 NEW SHARES
    * THE PROJECT WILL GENERATE ADDITIONAL RENTAL INCOME FOR THE
COMPANY AS OF TODAY
    * TOTAL INVESTMENT VALUE: ABOUT €26.5 MILLION
    * TRANSACTION: ACQUISITION OF 100% OF THE SHARES IN APOLLO
LIER NV
    * THE ISSUE PRICE OF THE NEW SHARES AMOUNTS TO APPROXIMATELY
€23.59 AND IS EQUAL TO THE AVERAGE OF THE VOLUME WEIGHTED
AVERAGE  SHARE PRICE (VWAP) OF CARE PROPERTY INVEST OF 5 TRADING
DAYS PRIOR TO 17 NOVEMBER 2021

Source text: https://bit.ly/3Hv0wzZ
Further company coverage:  CPINV.BR 

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