Brief: Care Property Invest To Build A New Residential Care Center In Spain

Care Property Invest NV

11/03/2022 16:52

March 11 (Reuters) - Care Property Invest NV  CPINV.BR :
    * CARE PROPERTY INVEST EXPANDS SPANISH HEALTHCARE REAL
ESTATE
PORTFOLIO
    * ACQUIRED ITS SIXTH PROJECT ON SPANISH MARKET
    * PROJECT 'SOLIMAR TAVERNES BLANQUES' IS A YET TO BE
DEVELOPED
RESIDENTIAL CARE CENTRE IN TAVERNES BLANQUES, A SUBURB OF
VALENCIA
    * TOTAL INVESTMENT VALUE FOR THE CONSTRUCTION OF THIS
RESIDENTIAL
CARE CENTRE IS ESTIMATED TO BE APPROXIMATELY € 10.2 MILLION
    * FOR ITS OPERATION, CARE PROPERTY INVEST WILL FOR THE VERY
FIRST
TIME ENTER INTO A PARTNERSHIP WITH HEALTHCARE OPERATOR SOLIMAR
    * COMPLETION EXPECTED IN Q1 OF 2025 AT THE LATEST
    * FOR THE OPERATION OF THIS PROJECT, THE COMPANY CONCLUDED A
NEW
LONG-TERM LEASE AGREEMENT OF THE ‘TRIPLE NET’ TYPE (RENEWABLE 
AND ANNUALLY INDEXABLE)
    * LONG-TERM LEASE AGREEMENT WITH A MINIMUM DURATION OF 20
YEARS
SIGNED WITH A SOLIMAR, A SUBSIDIARY OF THE VIVALTO GROUP

Source text:  ID:bit.ly/3i6txX7 
Further company coverage:  CPINV.BR 

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