Interim Statement from the board of directors 3rd quarter 2020
Free translation. The Dutch version will prevail.
PRESS RELEASE
REGULATED INFORMATION
4 November 2020 - After trading hours Under embargo until 17h45
CARE PROPERTY INVEST
Public limited liability company (société anonyme/naamloze vennootschap), Public Regulated Real Estate Company (Société Immobilière Réglementée (SIR) / Gereglementeerde Vastgoedvennootschap (GVV) under Belgian Law Registered Office: 3 Horstebaan, 2900 Schoten
Companies Registration No. 0456.378.070 (LPR Antwerp)
(the 'Company')
INTERIM STATEMENT FROM THE BOARD OF DIRECTORS
3RD QUARTER 2020 - 30 SEPTEMBER 2020
FINANCIAL HIGHLIGHTS
KEY FIGURE | 30 Sept. 2020 | 31 Dec. 2019 | 30 Sept. 2019 | Evolution | |
FAIR VALUE PROPERTY PORTFOLIO | €804 m | €644 m | +25% | ||
MARKET CAPITALISATION | €667 m | €602 m | +11% | ||
OCCUPANCY RATE | 100% | 100% | 100% | = | |
DEBT RATIO | 46.73% | 49.32% | -5% | ||
COST OF BORROWED FUNDS | 2.13% | 2.35% | -9% | ||
ADJUSTED EPRA EARNINGS | €16.8 m | €13.9 m | +21% | ||
ADJUSTED EPRA EARNINGS PER SHARE | €0.7361 | €0.6828 | +8% | ||
EPS (GUIDANCE) | €0.96 | ||||
DPS (GUIDANCE) | €0.80 | ||||
Care Property Invest NV/SA | |
Horstebaan 3 | |
2900 Schoten | BE 0456 378 070 |
T +32 3 222 94 94 | RPR Antwerp |
F +32 3 222 94 95 | Public RREC under Belgian law |
E info@carepropertyinvest.be | www.carepropertyinvest.be |
Care Property Invest NV/SA | 3
Press release | Regulated information
1. Operational activities during the 3rd quarter of 2020
1.1 Leasing activities and real estate portfolio
During the third quarter of the 2020 financial year, Care Property Invest was able to effectively add 1 investment property to its Spanish portfolio. This concerns more specifically the 'Emera Carabanchel' project, located in Carabanchel (Madrid).
1.1.1 PROJECTS 3RD QUARTER 2020 IN THE NETHERLANDS 1.1.1.1 EXISTING PROJECTS UNDER DEVELOPMENT
Investment properties
Tilburg - Margaritha Maria Kerk
• | ACQUISITION DATE | 26 March 2019 | ||
• | ADDRESS: | Ringbaan West 300, 5025 VB Tilburg, The Netherlands | ||
• OPERATOR | Korian Holding Nederland B.V. | |||
• | CAPACITY: | 32 care apartments | ||
• LOCATION: | The project is located in a pleasant residential area, centrally located in the municipality of Tilburg, on the triangle of the Zorgvlied, | |||
Rooi Harten and Korvel districts. 'Kromhoutpark', a pharmacy and several supermarkets, are located close to the project. | ||||
• YEAR OF CONSTRUCTION/ | Completion expected in the first quarter of 2021 | |||
RENOVATION: | ||||
- TYPE OF CONTRACT: New long-term leasehold agreement of the 'triple net' type (renewable and annually indexable) with a duration of at least 20 years
- TOTAL INVESTMENT VALUE: Approximately €7.7 million
- TRANSACTION:Acquisition through its Dutch subsidiary, Care Property Invest.NL3 B.V.
• FINANCING: | Debt financing |
Middelburg - Sterrenwacht
• | ACQUISITION DATE | 12 June 2019 | |||
• | ADDRESS: | Herengracht 50-52, 4331 PX Middelburg, The Netherlands | |||
• OPERATOR | Korian Holding Nederland B.V. | ||||
• | CAPACITY: | 25 care studios | |||
• LOCATION: | On the edge of the city centre of Middelburg and is idyllically located, right on the Middelburg Herengracht. | ||||
• YEAR OF CONSTRUCTION/ | Year of construction approximately 1930, completion expected Q2 2021 | ||||
RENOVATION: | |||||
- TYPE OF CONTRACT: New long-term leasehold agreement of the 'triple net' type (renewable and annually indexable) with a duration of at least 20 years
- TOTAL INVESTMENT VALUE: Approximately €5.7 million
- TRANSACTION:Acquisition through its Dutch subsidiary, Care Property Invest.NL3 B.V.
• FINANCING: | Debt financing |
Zeist - Villa Wulperhorst
• ACQUISITION DATE 6 August 2019
- ADDRESS:3709 JP Zeist, Tiendweg 6-8, The Netherlands
• OPERATOR | Valuas zorggroep |
- CAPACITY: Care residence with a total of maximum 44 rooms
In Zeist, a municipality centrally located in the province of Utrecht, within the wooded area of the Utrechtse Heuvelrug. With the
• LOCATION:centre of Zeist 2.5 kilometres away, the project explicitly focuses on tranquillity and nature experience. Utrecht itself is about 11 kilometres away.
- YEAR OF CONSTRUCTION/ The renovation and construction works for the manor have started and will probably be completed by the end of 2020. The
RENOVATION: | redevelopment of the coach house has also started and is expected to be completed in early 2021. |
- TYPE OF CONTRACT: New long-term leasehold agreement of the 'triple net' type (renewable and annually indexable) with a duration of at least 25 years
- TOTAL INVESTMENT VALUE: Approximately €13,1 million
Through its Dutch subsidiary Care Property Invest.NL2 B.V, the Company acquired 100% of the properties on the estate, together | |||
• | TRANSACTION: | with the associated permits and certifications required for the renovation of the manor and the construction of the adjoining | |
coach house, from Stichting Utrechts Landschap and simultaneously entered into two turnkey agreements with the developer in | |||
charge of the redevelopment of 'Villa Wulperhorst'. | |||
• | FINANCING: | Debt financing |
Care Property Invest NV/SA | 4 | ||||
Press release | Regulated information | ||||
Hillegom - St. Josephkerk | ||||
• | ACQUISITION DATE | 27 September 2019 The Netherlands | ||
• | ADDRESS: | Monseigneur van Leeuwelaan 1 & 3, 2182 EM Hillegom en Hoofstraat 141, 2181 EM Hillegom, Nederland | ||
• OPERATOR | Korian Holding Nederland B.V. | |||
• | CAPACITY: | 38 care apartments | ||
• | LOCATION: | The project is centrally located along the main road that crosses Hillegom lengthways. The 'Van Nispenpark' and various | ||
facilities are located close to the project. | ||||
• YEAR OF CONSTRUCTION/ | Construction works have started in early 2020 and the provisional delivery is planned for the end of 2021. | |||
RENOVATION: | ||||
• | TYPE OF CONTRACT: | New long-term leasehold agreement of the 'triple net' type (renewable and annually indexable) with a duration of at least 20 years | ||
• TOTAL INVESTMENT VALUE: Approximately €9.1 million | ||||
• | TRANSACTION: | Acquisition through its Dutch subsidiary, Care Property Invest.NL5 B.V. | ||
• | FINANCING: | Debt financing | ||
Zutphen - De Gouden Leeuw | ||||
• | ACQUISITION DATE | 19 December 2019 | ||
• | ADDRESS: | De Clercqstraat 58, 7201 EC Zutphen, The Netherlands | ||
• OPERATOR | Woonzorgvoorziening de Gouden Leeuw Zutphen B.V. (part of the 'De Gouden Leeuw Groep') | |||
• | CAPACITY: | 29 care apartments and care hotel with 7 studios | ||
The project will be one of three buildings within the high-end residential project 'De Veste' and is located near the | ||||
• | LOCATION: | Coehoornsingel, next to a historic fortress canal and the stately buildings that characterize the neighbourhood. The centre of | ||
Zutphen, with numerous restaurants, supermarkets, shops and banks, lies within walking distance. | ||||
• YEAR OF CONSTRUCTION/ | Construction works have started in April 2019 and the provisional delivery is planned in the second semester of 2021. | |||
RENOVATION: | ||||
• | TYPE OF CONTRACT: | New long-term leasehold agreement of the 'triple net' type (renewable and annually indexable) with a duration of at least 25 years | ||
• TOTAL INVESTMENT VALUE: Approximately €11.7 million | ||||
• | TRANSACTION: | Acquisition through its Dutch subsidiary, Care Property Invest.NL4 B.V. | ||
• | FINANCING: | Debt financing | ||
Nijmegen - De Orangerie | ||||
• | ACQUISITION DATE | 23 October 2018 | ||
• | ADDRESS: | Malvert 5002 en 5004, 6538 DM Nijmegen, The Netherlands | ||
• OPERATOR | Korian Holding Nederland B.V. | |||
• | CAPACITY: | 68 care apartments | ||
• | LOCATION: | In the greenest neighbourhood of the city named Dukenburg. The neighborhood is known for its quiet character and is loved by | ||
both young and old alike. | ||||
• YEAR OF CONSTRUCTION/ | Completion foreseen for the end of 2020 | |||
RENOVATION: | ||||
• | TYPE OF CONTRACT: | New long-term leasehold agreement of the 'triple net' type (renewable and annually indexable) with a duration of at least 20 years | ||
• TOTAL INVESTMENT VALUE: Approximately €10.6 million. | ||||
• | TRANSACTION: | Acquisition through its Dutch subsidiary, Care Property Invest.NL B.V. | ||
• | FINANCING: | Debt financing |
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Care Property Invest NV published this content on 04 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2020 02:32:04 UTC