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    CPINV   BE0974273055

CARE PROPERTY INVEST NV/SA

(CPINV)
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Real-time Euronext Bruxelles  -  11:35 2022-08-11 am EDT
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Care Property Invest / : Acquisition of the assisted living complex ‘Klapgat' in Haacht (BE) by means of a contribution in kind

06/23/2022 | 11:56am EDT

PRESS RELEASE

Free translation, the Dutch version prevails

REGULATED INFORMATION

INSIDE INFORMATION

Thursday 23 June 2022

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")

Acquisition of the assisted living complex 'Klapgat' in Haacht (BE)

by means of a contribution in kind

Schoten, Belgium - Thursday 23 June 2022

Care Property Invest announces the agreement under suspensory conditions for the acquisition of the 'Klapgat' project in Haacht. This newly built project, which was completed and opened its doors on 30 September 2020, comprises 53 assisted living apartments and a local service centre. The effective acquisition of the entire project by Care Property Invest is expected in Q3 of 2022 and will take place by means of a contribution in kind of all the shares in Igor Haacht NV, the company that owns the real estate of this project, into the capital of Care Property Invest. The total contribution value is estimated to be €13.9 million.

The project will be operated by Thuis Leven vzw on the basis of a new long-term leasehold agreement of the 'triple net' type with a minimum duration of 30 years (renewable and annually indexable).

Quote Peter Van Heukelom, CEO of Care Property Invest:

'With the acquisition of the Klapgat project, we are continuing the geographical expansion of our Flemish healthcare real estate portfolio. Including this investment, our portfolio consists of 141 effectively acquired projects.'

Care Property Invest nv/SA

Horstebaan 3

T +32 3 222 94 94

2900 Schoten

E info@carepropertyinvest.be

BE 0456 378 070 - LPR Antwerp

www.carepropertyinvest.be

Public RREC under Belgian law

The operator

The project is operated by Thuis Leven vzw, founded in 2021. The vision of Thuis Leven is that people should be able to live at home for as long as possible, but with appropriate support. It is a young non-profit organisation, but one with great ambitions and strongly backed by its owners.

Overview sheet

Haacht - Klapgat

Date of signing:

22 June 2022

Address:

Klapgat 6-8, 3150 Haacht, Belgium

Operator:

Thuis Leven vzw

Capacity:

53 assisted living apartments and 1 local service centre

Project:

The group of assisted living apartments will accommodate 61 residents in 8 two-bedroom assisted

living apartments and 45 one-bedroom assisted living apartments. The project includes a local service

centre with a brasserie and several multifunctional rooms, which is expected to open its doors in late

2022.

Location:

In a residential area, at walking distance from the bustling centre of Haacht, where various banks,

shops and restaurants are located. The project is easily accessible by car (via the N21 and N26) and by

public transport thanks to bus stops just 250 and 400 metres away.

Sustainability:

The project was built according to a modern design, using innovative techniques (e.g. with a view to

maximum energy efficiency) and sustainable, high-quality materials, and can therefore be considered

state-of-the-art.

Year of construction/

2020

renovation:

Transaction:

Acquisition of 100% of the shares in Igor Haacht NV (by means of a contribution in kind)

Type of contract:

New long-term leasehold agreement of the 'triple net' type with a minimum duration of 30 years

(renewable and annually indexable).

Total investment value:

Approximately €13.9 million.

Financing:

Loan capital

The transaction

Subject to the fulfilment of the suspensory conditions, this new addition to the portfolio will be realised by means of a contribution in kind of 100% of the shares in Igor Haacht NV into the capital of Care Property Invest within the framework of the authorised capital. The conventional contribution value of this project amounts to approximately €13.9 million.

The contribution of all shares of Igor Haacht NV will be remunerated by new shares of Care Property Invest.

The issue price of the new shares will be equal to the average of Care Property Invest's volume weighted average share price (VWAP) of 5 trading days prior to the date of contribution (not including the date of contribution), less a customary market discount.

The contribution in kind is expected, subject to the fulfilment of a number of customary suspensory conditions, including obtaining the approval of the FSMA for this contribution and the resulting amendment of the articles of association, to take place in Q3 of 2022. Care Property Invest aims to have the new shares, with coupon no. 16 and following attached, listed on Euronext Brussels as soon as possible after the issue of the new shares.

• • •

Care Property Invest would like to reconfirm its desire to expand its real estate portfolio in the future with health care

infrastructure in Belgium, The Netherlands, Spain, Ireland as well as elsewhere in the European Economic Area.

• • •

Care Property Invest nv/SA

Horstebaan 3

T +32 3 222 94 94

2900 Schoten

E info@carepropertyinvest.be

BE 0456 378 070 - LPR Antwerp

www.carepropertyinvest.be

Public RREC under Belgian law

All further information regarding the Company can be found on our website. Here we will keep you informed on a dedicated page about the (possible) impact of the COVID-19 pandemic on the business activities of Care Property Invest.

Caution regarding forecasts

This press release contains forecasts involving risks and uncertainties, amongst others statements regarding plans, objectives, expectations and intentions of Care Property Invest. Readers are cautioned that such forecasts involve known and unknown risks and are subject to significant business, economic and competitive uncertainties which are mostly beyond Care Property Invest's control.If one or more of these risks or uncertainties materialise or should, if applied, basic assumptions prove incorrect, the final results may significantly deviate from the anticipated, expected, estimated or projected results. Consequently, Care Property Invest cannot assume any responsibility for the accuracy of these forecasts.

For any additional information, please contact:

Valérie Jonkers

COO -Executive director valerie.jonkers@carepropertyinvest.be

  • +32 3 222 94 94 - M +32 499 28 01 43 Horstebaan 3, 2900 Schoten info@carepropertyinvest.be www.carepropertyinvest.be

Philip De Monie Investment Manager philip.demonie@carepropertyinvest.be T +32 3 222 94 94 - M +32 483 11 80 17 Horstebaan 3, 2900 Schoten info@carepropertyinvest.be www.carepropertyinvest.be

Peter Van Heukelom CEO- Executive director peter.vanheukelom@carepropertyinvest.be

  • +32 3 222 94 94 - M +32 495 59 82 67 Horstebaan 3, 2900 Schoten info@carepropertyinvest.be www.carepropertyinvest.be

Care Property Invest nv/SA

Horstebaan 3

T +32 3 222 94 94

2900 Schoten

E info@carepropertyinvest.be

BE 0456 378 070 - LPR Antwerp

www.carepropertyinvest.be

Public RREC under Belgian law

About Care Property Invest

Care Property Invest NV/SA is a Public Regulated Real Estate Company (public RREC) under Belgian law. The Company has been listed on Euronext Brussels for over 25 years and invests in high quality healthcare real estate for elderly and disabled people on the European market. Care Property Invest purchases, builds and renovates high-quality healthcare real estate (residential care centres, groups of assisted living apartments, residential complexes for people with a disability, etc.), fully tailored to the needs of the end user and then makes it available to solid healthcare operators on the basis of a long-term contract.

The Company has developed an international portfolio of 141 healthcare projects, spread across Belgium, The Netherlands, Spain and Ireland.

The market capitalisation of Care Property Invest amounted to approximately €655 million on 22/06/2022. The Company aims to create a stable share for its shareholders with a low risk profile and a stable and steadily growing dividend.

Ticker:

ISIN Code:

Index listings:

EPRA

Website

CPINV

BE0974273055

  • Belgium BEL Mid (Euronext Brussels)
  • Euronext Real Estate (Euronext Brussels)
  • GPR (Global Property Research) General Europe Index
  • GPR (Global Property Research) General Europe Quoted Index (excl. open-end bank funds) EPRA member since December 2016.
    In September 2021, the Company received its fifth EPRA BPR Gold Award.
    All further information can be found on our website, www.carepropertyinvest.be.

Care Property Invest nv/SA

Horstebaan 3

T +32 3 222 94 94

2900 Schoten

E info@carepropertyinvest.be

BE 0456 378 070 - LPR Antwerp

www.carepropertyinvest.be

Public RREC under Belgian law

Disclaimer

Care Property Invest NV published this content on 23 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2022 15:55:09 UTC.


© Publicnow 2022
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Sales 2022 51,5 M 53,2 M 53,2 M
Net income 2022 58,4 M 60,3 M 60,3 M
Net Debt 2022 540 M 557 M 557 M
P/E ratio 2022 12,5x
Yield 2022 3,94%
Capitalization 639 M 660 M 660 M
EV / Sales 2022 22,9x
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Nbr of Employees 23
Free-Float 99,8%
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Peter van Heukelom CEO, Co-Managing Director & Executive Director
Filip van Zeebroeck CFO, Executive Director & Co-Managing Director
Marc Suykens Chairman
Valérie Jonkers COO, Executive Director & Co-Managing Director
Paul van Gorp Independent Non-Executive Director
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