18 October 2018, Germany | Corporate Finance | News
Cofinimmo signed an agreement for the acquisition of 17 nursing and care homes located in Germany. The assets are valued at 172 million EUR. The acquisition will materialise through the payment of the acquisition price of a 94.9 % stake in 14 companies owning the said assets, which should take place today. The seller is a joint venture of Revcap (www.revcap.co.uk).
All 17 assets are let to the operator Stella Vitalis, with which Cofinimmo signed leases for a fixed 30-year period. The initial gross rentalyield of the transaction stand at approximately 5.5 %.
One of the assets is under construction and will be delivered in the course of the fourth quarter of 2018. The 16 others are in operation. The global portfolio offers approximately 1,500 beds, spread over 75,000 m².
With a portfolio of 1.6 billion EUR spread over 4 countries and comprising 145 facilities and over 12,800 beds, Cofinimmo is amajor investor in healthcare real estate in Continental Europe.
For more information, please contact:
Christof Halwer
Partner
Tel: +49 211 527 00-250
Email: christof.halwer@catella.de