Brief: Cofinimmo To Build A New Nursing Home In Spain For Eur 14 Mln

Cofinimmo SA

05/07/2023 16:48

July 5 (Reuters) - Cofinimmo SA  COFB.BR :
    * COFINIMMO TO BUILD A NEW NURSING AND CARE HOME IN
VALLADOLID
(SPAIN)
    * THE INVESTMENT BUDGET FOR BOTH THE PLOT OF LAND AND THE
WORKS
AMOUNTS TO APPROXIMATELY 14 MILLION EUR
    * THE DELIVERY OF THE NURSING AND CARE HOME IS CURRENTLY
SCHEDULED
FOR THE SECOND QUARTER OF 2025, WHEN THE LEASE WILL START
    * WORKS SHOULD START IN MID-JULY 2023
    * THE RENT WILL BE INDEXED ANNUALLY ACCORDING TO THE SPANISH
CONSUMER PRICE INDEX
    * THE GROSS RENTAL YIELD WILL BE IN LINE WITH CURRENT MARKET
CONDITIONS
    * TRIPLE-NET LEASE WITH A TERM OF 25 YEARS HAS BEEN SIGNED
WITH
THE OPERATOR GENESENIOR

Source text: tinyurl.com/5haujwy4
Further company coverage:  COFB.BR 

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