Care Property Invest has acquired 2 projects by purchasing 100% of the shares in the companies Anda Invest and Tomast, joint owners of the land and building of the residential care centre ‘Residentie Moretus’ and the companies Daan Invest and Immo Kemmelberg, the joint owners of the land and building of the group of assisted living apartments ‘Park Kemmelberg’. The residential care centre has a capacity of 150 residential places and the group of assisted living apartments consists of 31 living units. Both projects are located in Berchem and lie in a close proximity to each other.
The residential care centre and the group of assisted living apartments are respectively operated by WZC Residentie Moretus and Serviceflats Moretus and after completion of both acquisitions, these operating companies will be 100% controlled by Armonea. The conventional value of the residential care centre is approximately €23m and that of the group of assisted living apartments amounts to approximately €7m.
Peter Van Heukelom, CEO of Care Property Invest, commented: ‘The Residentie Moretus and Park Kemmelberg sites are 2 additional projects that Care Property Invest will acquire by using the proceeds arising from its capital increase of October 2017. After completing these investments, Care Property Invest will have invested no less than 128% of the raised capital. We are pleased that both projects will be operated by Armonea, which will further benefit the distribution of operators within its portfolio. These projects are already in operation and would bring the count to a total of 92 care projects within our real estate portfolio’.