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Cofinimmo strengthens care home holdings



Cofinimmo has announced that it has signed agreements regarding the acquisition of 15 nursing and care homes in Belgium. The real estate investor (which was Belgium’s first ‘sicafi’) has also detailed that this was achieved through a contribution in kind of the shares of a company for seven assets on the one hand, and by the contribution in kind of the other eight assets on the other. The conventional value for the calculation of the share price and the value of the buildings together amount to approximately € 297 million. The contributions in kind amount to € 270,446,932.

Jean-Pierre Hanin (photo), CEO of Cofinimmo explains: “We are very pleased to add these 15 nursing and care homes to our healthcare real estate portfolio in Belgium for approx. 300 million EUR. This demonstrates that, in addition to the geographical expansion of recent years, we are well recognised and appreciated on our first home market. The operations of today are particularly large transactions, moreover relating to recent buildings. We are also pleased to welcome new shareholders, all of whom chose for Cofinimmo. We also welcome new operators in our portfolio and we confirm our confidence in two operators with whom we already had a partnership. Lastly, we strengthen our shareholder equity with 270 million EUR, which can be used to finance further investments.”
Tim Harrup
27-06-2019


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