emeis Sells a Real-Estate Portfolio in the Netherlands Worth a Total Value of Around €97 Million
April 30 2024 - 2:00AM
Business Wire
Regulatory News:
ORPEA (Paris:ORP):
emeis announces that it has signed an agreement to sell a real
estate portfolio of eleven nursing homes in the Netherlands to
Bouwinvest for a total deed-in-hand value of €97 million. These
disposals are accompanied by the signature of leases by emeis,
which will operate all eleven facilities.
Laurent Guillot commented: “With this transaction, we are
pursuing our strategy of targeted disposals of real estate assets
and the strengthening of emeis' financial structure, in line with
our commitments presented in the Refoundation plan on 15 November
2022. These transactions seek to reduce the Group's holding of
operated assets to 20-25% in the medium term. The signing of
long-term leases and the forthcoming opening of new facilities
demonstrate our determination to expand in the Netherlands and the
confidence of investors.”
The divested portfolio includes five recently built nursing
homes in the towns of Best, Ede, Emmeloord, Heerenveen and
Middelburg with six under development which will be divested as
they are due for completion in 2024 and 2025.
Together, these eleven facilities will be operated by Wonen
bij September, an emeis Group subsidiary in the Netherlands,
eventually housing 375 residents.
This transaction was based on transaction values in line with
the valuations (GAV) carried out on the facilities completed by the
end of 2023.
These sales will contribute to the disposal commitments made by
emeis to its lenders under the financing agreement signed in June
2022.
About emeis
With 76,000 experts and professionals in healthcare, care, and
supporting the most vulnerable among us, emeis operates in 20
countries with five core activities: psychiatric clinics, medical
care and rehabilitation clinics, nursing homes, home care services,
and assisted-living facilities.
Every year, emeis welcomes 267,000 residents, patients, and
other beneficiaries. emeis is committed and taking action to rise
to a major challenge facing our civilisation, i.e. the increase in
the number of people put in a vulnerable position as a result of
accidents, old age, or the cases of mental illness.
ORPEA S.A., the Group's parent company is 50.2 % owned by Caisse
des Dépôts, CNP Assurances, MAIF, and MACSF Epargne Retraite. It is
listed on the Euronext Paris stock exchange (ISIN: FR001400NLM4)
and a member of the SBF 120 and CAC Mid 60 indices.
Website: www.emeis.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240429107692/en/
Press Isabelle Herrier Naufle Medias &
e-reputation Director +33 (0) 7 70 29 53 74
isabelle.herrier@emeis.com
IMAGE 7 Charlotte Le Barbier // Laurence
Heilbronn +33 (0) 6 78 37 27 60 // +33 (0) 6 89 87 61 37
clebarbier@image7.fr // lheilbronn@image7.fr
Investor Relations Benoit Lesieur Investor
Relations Director benoit.lesieur@emeis.com
Toll-free number for shareholders: +33 (0) 805 480
480
NEWCAP Dusan Oresansky +33 (0) 1 44 71 94 94
emeis@newcap.eu
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