PRESS RELEASE

Free translation,the Dutch version prevails

REGULATED INFORMATION

INSIDE INFORMATION

Tuesday 15 March 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")

Care Property Invest signs agreement to acquire an Irish residential care centre

Schoten, Belgium - Tuesday 15 March 2022

To further develop its strategic growth plan in Ireland, Care Property Invest signed the agreement under suspensory conditions for its second project in this market today. 'Elm Green Nursing Home', located in New Dunsink, County Dublin, comprises a residential care centre accommodating 120 people and 27 independent living apartments. The total conventional value of the project amounts to approximately €26.7 million and the transaction will take place in the form of an asset deal.

The project will be operated by DomusVi, one of the largest international players in the field of (residential) care for the elderly, on the basis of a new long-term leasehold agreement of the 'triple net' type with a minimum duration of 15 years (renewable and annually indexable).

The formal closing is expected to take place in the course of the second quarter of 2022, after which the project will also generate additional income for the Company.

Peter Van Heukelom, CEO of Care Property Invest;

'With the agreement for the acquisition of Elm Green Nursing Home, Care Property Invest adds a second healthcare property project to its Irish portfolio. We are delighted to include operator DomusVi in our Irish growth trajectory and aim to expand our portfolio here in the near future.'

Click here to download high res pictures of the project

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

DomusVi is one of the largest international players in the field of elderly care. The group offers a wide range of services and facilities to both independent and care-dependent seniors, from home care support to high-quality residential care in its extensive range of residential care centres and assisted living facilities.

With no fewer than 500 residential care facilities and 100 home care offices, DomusVi offers high-quality healthcare support to 80,000 seniors in Europe (France, Spain, Germany, Ireland, The Netherlands, and Portugal) and Latin America (Chile, Uruguay and Colombia).

The transaction

The transaction will take place in the form of an asset deal. Care Property Invest will acquire the real estate of this project through its Irish subsidiary, Care Property Invest Emerald Ltd.

Overview sheet

New Dunsink, co. Dublin - Elm green Nursing Home

Date of signing:

15 March 2022

Address:

Dunsink Lane, Dunsink, Co.Dublin 15 E403, Ireland

Operator:

DomusVi

Capacity:

Residential care centre with 120 residential places - existing residential care centre

120 rooms (120 single rooms) and 27 independent living apartments

Project:

The residential care centre has a large dining room, visitors' area, lounge, recreation and relaxation area,

library, therapy rooms and an in-house hairdressing salon. Residents can enjoy magnificent views that

stretch from the adjacent Elm Green golf course all the way to Dublin city. A beautiful patio and several

gardens surround the residential care centre and the independent living apartments.

Location:

In one of the greenest suburbs of Dublin, next to a golf course. The development is located 2 km from

Castleknock Village and 10 km from Dublin city centre. The Connolly Blanchardstown Hospital is located

nearby. Elm Green Nursing Home is easily accessible by both car and public transport via the M50

motorway and Castleknock train station, which is about 2.8 km away.

Year of construction/

1999; extension 2015

renovation:

Transaction:

Asset Deal. Acquisition through its Irish subsidiary Care Property Invest Emerald Ltd

Type of contract:

New long-term leasehold agreement of the 'triple net' type with a minimum duration of 15 years

(renewable and annually indexable).

Total investment

Approximately €26.7 million.

value:

Financing:

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, Spain, Ireland as well as elsewhere in the European Economic Area.

• • •

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.

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

E info@carepropertyinvest.be

Public RREC under Belgian law

www.carepropertyinvest.be

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

Stephanie Hoekstra

Investment Manager stephanie.hoekstra@carepropertyinvest.be

  • +32 3 222 94 94 - M +32 473 82 19 62 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

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 134 healthcare projects, spread across Belgium, The Netherlands, Spain and Ireland.

The market capitalisation of Care Property Invest amounted to approximately €663 million on 14/03/2022. 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

F +32 3 222 94 95

BE 0456 378 070 - LPR Antwerp

E info@carepropertyinvest.be

Public RREC under Belgian law

www.carepropertyinvest.be

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Care Property Invest NV published this content on 15 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2022 16:51:03 UTC.