Cofinimmo: will acquire a nursing and care home in Germany







PRESS RELEASE

Brussels, embargo until 05.08.2022, 5.40 p.m. CET

Cofinimmo will acquire a nursing and care home in Germany

The Cofinimmo group (Euronext Brussels: COFB) has signed an agreement to acquire, under certain conditions, a nursing and care home in Jülich, in the Land of North Rhine-Westphalia. The investment budget amounts to approximately EUR 18 million (including property transfer tax and renovation works). The asset is currently operated and managed by Schönes Leben Gruppe, a major operator in Germany.

Jean PierreHanin, CEO of Cofinimmo: “The acquisition of this nursing and care home is part of our growth strategy in the German healthcare real estate sector. It also allows us to strengthen our collaboration with our partner Schönes Leben Gruppe, with whom we work since 2020 in Germany.”

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PRESS RELEASE

Brussels, embargo until 05.08.2022, 5.40 p.m. CET

  1. The website
    The An der Zitadelle rest and care home is located in Jülich, in the Land of North Rhine-Westphalia. This medium-sized city of around 32,000 inhabitants is located at the northern edge of the Eifel region. The site is located in the city center and within walking distance of the train station. It has a beautiful view of the citadel park.
    The rest and care home has a total area of ​​approximately 6,400 m² and offers 80 beds.
    An der Zitadelle was built in 2006. It will be renovated to provide residents with a more comfortable and modern infrastructure. In addition, the already very low energy intensity will be further improved. During this work, residents will be temporarily moved to a new facility nearby to ensure their well-being and tranquility.
  2. The transaction
    The Cofinimmo group has signed, through a subsidiary, an agreement to acquire, under certain conditions, this rest and care home in Jülich, in the Land of North Rhine-Westphalia. The investment budget amounts to approximately 18 million euros (real estate transfer taxes and works included). The conditions (mainly administrative) should be lifted in the fourth quarter of 2022.
    This amount has been included in the investment estimate for 2022 (among the due diligence files), as published in section 1.9.1 of the press release of 29.07.2022.
    A “Dach & Fach”1 25-year lease agreement has been concluded with Schönes Leben Gruppe for this asset. The rents will be indexed on the basis of the German consumer price index and the gross rental yield will be approximately 4.50%.
  3. The operator
    Schönes Leben Gruppe already operates 80 rest and care homes, assisted living facilities or care clusters throughout Germany, representing 7,000 beds and more than 520 assisted living facilities. More than 35 additional locations are under construction or planned. The group has developed a new concept of residential care, offering a wide range of services and levels of care through different operational entities, ranging from traditional care for the elderly to specialist care. This overall concept allows residents to stay as long as possible in a familiar environment, even in the event of changing living conditions.

1 The owner mainly bears the maintenance costs of the roof and the structure of the building.

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PRESS RELEASE

Brussels, embargo until 05.08.2022, 5.40 p.m. CET

For more information:

Philippe Etienne

Lynn Nachtergaele

Yeliz Bicici

External Communication Manager

Head of Investor Relations

CEO

Such. : +32 2 373 60 32

Such. : +32 2 777 14 08

Offices & Property Development

[email protected]

[email protected]

Such. : +32 2 373 00 00

About Cofinimmo:

Cofinimmo has been acquiring, developing and managing rental properties for almost 40 years. The company has a portfolio divided between Belgium, France, the Netherlands, Germany, Spain, Finland, Ireland, Italy and the United Kingdom worth approximately 6, 0 billion euros. Responding to societal changes, Cofinimmo’s mission is to offer partner-tenants quality care, living and working spaces for the greatest pleasure of their occupants. ‘Caring, Living and Working – Together in Real Estate’ is the expression of this mission. Thanks to its expertise, Cofinimmo has built up a healthcare real estate portfolio of around EUR 4.1 billion in Europe.

As an independent company applying the highest standards of corporate governance and sustainable development, Cofinimmo offers services to tenants and manages its portfolio thanks to a team of approximately 150 employees in Brussels, Paris, Breda, Frankfurt and Madrid. .

Cofinimmo is listed on Euronext Brussels (BEL20) and benefits from REIT status in Belgium (SIR), France (SIIC) and the Netherlands (FBI). Its activities are supervised by the Financial Services and Markets Authority (FSMA), the Belgian regulator.

As of 29.07.2022, the total market capitalization of Cofinimmo was approximately 3.5 billion EUR. The company applies an investment policy aimed at offering socially responsible, long-term, low-risk investment that generates regular, predictable and growing dividends.

www.cofinimmo.com

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Disclaimer

Cofinimmo SA published this content on August 05, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on Aug 05, 2022 15:55:05 UTC.

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