PRESS RELEASE
Free translation, the Dutch version prevails
REGULATED INFORMATION
17 June 2020
After trading hours - Under embargo until 23h30
Inside information
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")
AGREEMENT ON THE ACQUISITION OF A RESIDENTIAL CARE CENTRE
WITH ASSISTED LIVING APARTMENTS IN LIER (BE)
Schoten, Belgium - 17 June 2020
Care Property Invest announces the agreement under suspensory conditions for the acquisition of the residential care centre with assisted living apartments to be developed 'Dungelhoeff', located in Lier. 'Dungelhoeff' will comprise a residential care centre with 128 residential places, including a rehabilitation centre with 7 places, and a group of assisted living apartments with 30 residential units.
Upon completion of the project (expected end of 2021) Care Property Invest will acquire 100% of the shares in Apollo Lier NV, owner of the real estate on closing date.
At the time of closing, 'Dungelhoeff' will be operated on the basis of a new long-term annually indexable leasehold agreement with a minimum duration of 27 years (renewable) of the 'triple net' type by Vulpia Care groep, which will enter into a partnership with vzw Herenhof for this purpose.
The total investment value for this project is estimated to be approximately €26.5 million.
Quote Peter Van Heukelom, CEO of Care Property Invest:
'With this development, we are continuing to construct our healthcare real estate portfolio which, including this facility, now comprises 121 projects, two of which are subject to suspensory conditions. Thanks to its strategic location, the project will offer a wonderful mix of living in green surroundings and vibrant urban life. We are also delighted to be able to once again join forces with the experienced care operator Vulpia Care groep for the operation.''
Care Property Invest NV/SA
Horstebaan 3 | T +32 3 222 94 94 |
2900 Schoten | F +32 3 222 94 95 |
BE 0456 378 070 - LPR Antwerp | Einfo@carepropertyinvest.be |
Public RREC under Belgian law | www.carepropertyinvest.be |
The property
The transaction
Care Property Invest will acquire 100% of the shares in Apollo Lier NV upon completion of the project (expected at the end of 2021). This company will be the full owner of the real estate on closing date.
The property will have an estimated total investment cost of approximately €26.5 million, which will be fully financed with loan capital.
• • •
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, as well as elsewhere in the European Economic Area.
•••
Care Property Invest NV/SA | |
Horstebaan 3 | T +32 3 222 94 94 |
2900 Schoten | F +32 3 222 94 95 |
BE 0456 378 070 - LPR Antwerp | Einfo@carepropertyinvest.be |
Public RREC under Belgian law | www.carepropertyinvest.be |
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 - Member of the executive committee
valerie.jonkers@carepropertyinvest.be
T +32 3 222 94 94 - F +32 3 222 94 95 - 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 - F +32 3 222 94 95 - M +32 483 11 80 17
Horstebaan 3
2900 Schoten
info@carepropertyinvest.be
www.carepropertyinvest.be
Peter Van Heukelom
Chief Executive Officer - Member of the executive
committee
peter.vanheukelom@carepropertyinvest.be
T +32 3 222 94 94 - F +32 3 222 94 95 - M +32 459 59 82 67
Horstebaan 3
2900 Schoten
info@carepropertyinvest.be
www.carepropertyinvest.be
About Care Property Invest
Care Property Invest NV is a Public Regulated Real Estate Company (Public SIR/GVV) under Belgian law. Based on a solid organisation, Care Property Invest helps healthcare entrepreneurs to undertake property projects by offering real estate tailored to the end user that is both qualitative and socially responsible. For its shareholders, Care Property Invest strives for a stable long-term rate of return.
This year, Care Property Invest's share celebrates its 24th anniversary on Euronext Brussels. The share is listed under the name of CPINV and has the following ISIN-Code: BE0974273055. As from December 2016, the share is a constituent of the Belgium Bel Mid Index and the Company has become a member of EPRA.
In September 2019, the Company received its third EPRA BPR Gold Award. As from 1 November 2019, the share is also a
constituent of the Euronext Next 150 Index.
Care Property Invest NV/SA
Horstebaan 3 | T +32 3 222 94 94 |
2900 Schoten | F +32 3 222 94 95 |
BE 0456 378 070 - LPR Antwerp | Einfo@carepropertyinvest.be |
Public RREC under Belgian law | www.carepropertyinvest.be |
Care Property Invest NV/SA Horstebaan 3
2900 Schoten
BE 0456 378 070 - LPR Antwerp Public RREC under Belgian lawT +32 3 222 94 94 F +32 3 222 94 95
Einfo@carepropertyinvest.bewww.carepropertyinvest.be
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Disclaimer
Care Property Invest NV published this content on 17 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2020 21:31:02 UTC