Brief: Care Property Invest To Acquire Residential Care Centre In Ireland

Care Property Invest NV

14/10/2022 17:27

Oct 14 (Reuters) - CARE PROPERTY INVEST NV  CPINV.BR :
    * SIGNS AGREEMENT TO ACQUIRE RESIDENTIAL CARE CENTRE IN
BALLINROBE
(IE)
    * SIGNED THE AGREEMENT UNDER SUSPENSORY CONDITIONS FOR THE
ACQUISITION OF THE EXISTING AND FULLY OPERATIONAL IRISH
RESIDENTIAL CARE CENTRE 'FRIAR'S LODGE NURSING HOME' IN
BALLINROBE
    * PROJECT WILL ACCOMMODATE 64 RESIDENTS AND HAS A TOTAL
INVESTMENT
VALUE OF APPROXIMATELY € 8.4 MILLION
    * FOR THE OPERATION OF FRIAR'S LODGE NURSING HOME, CARE
PROPERTY
INVEST WILL FOR THE FIRST TIME ENTER INTO A PARTNERSHIP WITH
BROOKHAVEN HEALTHCARE
    * THIS WILL HAPPEN ON THE BASIS OF A NEW LONG-TERM LEASEHOLD
AGREEMENT OF THE 'TRIPLE NET' TYPE WITH A MINIMUM DURATION OF 25
YEARS (RENEWABLE AND ANNUALLY INDEXABLE)

Source text for Eikon:  ID:nNDL24mHHR 
Further company coverage:  CPINV.BR 
 (Gdansk Newsroom)
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