SCHOTEN, BELGIUM: Care Property Invest has acquired 100% of the shares in Amsterdamse Keizer B.V., the real estate company in which ‘Huize Elsrijk’, a luxurious care residence for elderly people with intensive care needs, is incorporated.
Care Property Invest announced the acquisition of the development project ‘Huize Elsrijk’, a luxurious care residence for elderly people with intensive care needs.
The project is located in the heart of Amstelveen and will have 15 care apartments at its disposal after its delivery.
Today the Company proceeded with the acquisition of the buildings and land of the project ‘Huize Elsrijk’ by means of the acquisition of 100% of the shares in Amsterdamse Keizer B.V., the real estate company in which the entire project is incorporated.
Simultaneously, the Company also entered into a separate turnkey agreement with the developer, De Amsterdamse Keizer Ontwikkelmaatschappij B.V., for the construction of this care residence. The provisional completion is expected mid 2022.
The operation of ‘Huize Elsrijk’ will be carried out by Com4care B.V. as of the provisional delivery on the basis of a new longterm rental agreement of the ‘triple net’ type with a minimum duration of 20.5 years (renewable).
The total investment value for this project is estimated to be approximately €6.2 million.
Quote Peter Van Heukelom, CEO of Care Property Invest: ‘Care Property Invest further expands its Dutch residential care portfolio with its 18th residential care project. This is a splendid urban development aimed at elderly people with a high need for care. We are delighted to enter into cooperation with operator Com4care B.V. for the first time. Including this project, the total number of residential care projects in our portfolio amounts to 129.’’
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 2020, the Company received its fourth EPRA BPR Gold Award. As from 1 November 2019, the share is also a constituent of the Euronext Next 150 Index.
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