PRESS RELEASE
Free translation,the Dutch version prevails
REGULATED INFORMATION
Tuesday 16 August 2022
After trading hours - Under embargo until 17h45
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")
Care Property Invest signs an agreement for the redevelopment of a
residential care centre in Barcelona (ES)
Schoten, Belgium - Tuesday 16 August 2022
Today Care Property Invest signed the agreement under suspensory conditions for the redevelopment of an existing building into the residential care centre 'Marina Del Port' in Barcelona (Autonomous Community of Catalonia). The project has a total investment value of approximately €7.0 million and will accommodate 78 residents upon completion. The effective acquisition is expected to take place in Q3 of 2022.
The land and the existing building of this project will be acquired by the Company by means of an asset deal, after which the building will be fully future-proofed according to the latest sustainability standards by the developer, La Vostra Llar la Marina S.L. The redevelopment will be financed in instalments by Care Property Invest, depending on the progress of the works. These are expected to start in autumn of 2022 and should be completed in May of 2024.
For the operation, Care Property Invest will enter into a partnership with La Vostra Llar for the first time. This local healthcare operator from Barcelona has more than 30 years of experience in operating and developing residential care centres. This transaction is part of Care Property Invest's strategic growth plan in this market.
Peter Van Heukelom, CEO of Care Property Invest;
'With the acquisition of this residential care centre,our team continues to work on the expansion of our Spanish healthcare property portfolio. It is the first time in this market that we will redevelop an existing building into a state-of-the-art residential care centre. We are looking forward to joining forces with La Vostra Llar for the first time and to continuing this cooperation in the future.'
Click here to download high resolution 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 |
Year of construction/ | Construction works are expected to start in autumn of 2022. | |
renovation: | Provisional delivery is expected at the latest in May of 2024. | |
Transaction: | Asset deal. Financing in instalments by the Company. | |
Type of contract: | New long-term lease agreement of the 'triple net' type with a minimum duration of 20 years (renewable | |
and annually indexable). | ||
Total investment value: | Approximately €7.0 million. | |
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, 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.
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.
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 |
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
- +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
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 142 healthcare projects, spread across Belgium, The Netherlands, Spain, and Ireland.
The market capitalisation of Care Property Invest amounted to approximately €667 million on 15/08/2022. 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 |
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Disclaimer
Care Property Invest NV published this content on 16 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2022 15:53:34 UTC.