«Cofinimmo announces today the signing on 18.04.2008 of a protocol agreement concerning the acquisition of the nursing home Vigneron in Ransart. Cofinimmo also announces the acquisition the same day of all the shares of the limited companies incorporated under Belgian law (SA) Sogémaire and Sitec, owners of the nursing homes LAdret in Gosselies and Top Senior in Tubize. These acquisitions are financed with debt.
For the 3 nursing homes, long leases for a period of 27 years have been signed with the Medibelge Group. The total portfolio is acquired with an initial yield of 6.36%1 for an acquisition value of 12.3 million. The long leases on LAdret and Top Senior take effect as of 21.04.2008. The long lease on Vigneron is expected to come into force at the beginning of the 3rd quarter 2008, this time lapse being required for the notary to prepare the acquisition deed.
After these acquisitions, Cofinimmo has invested 15.8% of its portfolio in the nursing and care sector, confirming its position as major player in this particular field» (CS della Società)
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