Brief: Care Property Invest Signs Agreement For Redevelopment Of Residential Care Centre In Barcelona

Care Property Invest NV

16/08/2022 17:33

Aug 16 (Reuters) - Care Property Invest NV  CPINV.BR :
    * SIGNS AN AGREEMENT FOR REDEVELOPMENT OF A RESIDENTIAL CARE
CENTRE IN BARCELONA
    * THE PROJECT HAS A TOTAL INVESTMENT VALUE OF APPROXIMATELY
€7.0
MILLION AND WILL ACCOMMODATE 78 RESIDENTS UPON COMPLETION
    * THE EFFECTIVE ACQUISITION IS EXPECTED TO TAKE PLACE IN Q3
OF
2022
    * THE LAND AND THE EXISTING BUILDING OF THIS PROJECT WILL BE
ACQUIRED BY THE COMPANY BY MEANS OF AN ASSET DEAL
    * THE REDEVELOPMENT WILL BE FINANCED IN INSTALMENTS BY CARE
PROPERTY INVEST, DEPENDING ON THE PROGRESS OF THE WORKS
    * THESE WORKS ARE EXPECTED TO START IN AUTUMN OF 2022 AND
SHOULD
BE COMPLETED IN MAY OF 2024

Source text: https://bit.ly/3Pt2HXq
Further company coverage:  CPINV.BR 

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