Brief: Care Property Invest Buys Residential Care Centre In Spain

Care Property Invest NV

25/02/2022 16:52

Feb 25 (Reuters) - Care Property Invest NV  CPINV.BR :
    * CARE PROPERTY INVEST BUYS RESIDENTIAL CARE CENTRE IN SPAIN
    * THE TOTAL INVESTMENT VALUE FOR THIS RESIDENTIAL CARE
CENTRE IS
ESTIMATED TO BE APPROXIMATELY EUR 10.8 MLN
    * THE PROJECT, WHICH HAS BEEN COMPLETED PRIOR TO THIS
ACQUISITION,
CONSISTS OF 128 PRIVATE ROOMS AND A DAY CARE CENTRE FOR 25
PEOPLE
    * AS OF TODAY, THE PROJECT WILL BE OPERATED BY A SUBSIDIARY
OF THE
FRENCH HEALTHCARE OPERATOR GROUPE EMERA, THE SEVENTH LARGEST
PLAYER FOR ELDERLY CARE IN EUROPE, ON THE BASIS OF A ‘TRIPLE
NET’ LONG-TERM LEASE AGREEMENT WITH CARE PROPERTY INVEST
    * THIS TRANSACTION IS PART OF CARE PROPERTY INVEST'S
STRATEGIC
GROWTH PLAN IN THIS MARKET
    * THE PROJECT WAS FINANCED WITH LOAN CAPITAL AND PROVIDES AN
ADDITIONAL INCOME STREAM FOR CARE PROPERTY INVEST AS OF TODAY
    * FOR THE OPERATION OF THIS PROJECT, THE COMPANY CONCLUDED A
NEW
LONG-TERM LEASE AGREEMENT OF THE ‘TRIPLE NET’ TYPE WITH A
MINIMUM DURATION OF 15 YEARS WITH WSENIOR ASSISTENCIA INTEGRAL 4
S.L., A 100% SUBSIDIARY OF EMERA

Source text: [https://bit.ly/3phCfWG]
Further company coverage:  CPINV.BR 

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