Company Name

CARE PROPERTY INV.

ISIN

BE0974273055

Market

Euronext

Symbol

CPINV

Agreement on the acquisition of the residential care centre with group of assisted living apartments "Bois de Bernihè" in Libramont

Schoten, Belgium- 23 February 2017- 

Care Property Invest announces the agreement subject to suspensory conditions on the acquisition of 100% of the shares of the company Siger SA. Siger SA possesses 100% of the shares of Dermedil SA, the owner of the property. The aforementioned property is “Residence Bois de Bernihè”, located in Libramont. The project consists of a residential care centre with 108 residential places divided over 95 rooms, and 18 assisted living apartments, that will be operated by Vulpia Wallonie asbl. The conventional value of this project is approximately 11.3 million euros. 

Quote Peter Van Heukelom, CEO of Care Property Invest:

With this new investment in “Residence Bois de Bernihè”, Care Property invest reaches a second important milestone within the same week. After signing the agreement to our first investment in the Brussels Capital Region last week, we have now signed the agreement to our first investment in the Walloon Region. After this acquisition, our real estate portfolio will contain projects in all three Belgian Regions, which will strengthen our position as a national player. Hereby, we reaffirm our desire to expand our real estate portfolio with health care infrastructure in the Flemish, Walloon and Brussels- Capital Regions as well as elsewhere in Europe.After this investment, our Belgian real estate portfolio will contain 86 projects.

Connect_pressrelease_agreement_acquisition_libramont_20170223_eng.pdf