ORPEA Announces the Sale of Thirty-Two Retirement Homes in the Netherlands to Syntrus Achmea Real Estate & Finance
28 Juli 2022 - 06:33PM
Business Wire
Regulatory News:
ORPEA (Paris:ORP) announces that it has signed today an
agreement with Syntrus Achmea Real Estate & Finance, acting on
behalf of the Achmea Dutch Health Care Property Fund (ADHCPF), for
the sale of a portfolio of 32 retirement homes located in the
Netherlands. The amount of the transaction is approximately 125
million euros.
Dagelijks Leven (DL) will continue to operate these 32
facilities. DL has developed an innovative and successful concept
of specialized care and accommodation for seniors in the
Netherlands, characterized by an affordable price positioning,
low-capacity facilities (with around 20 residents), quality
locations throughout the country and a strong development
potential.
Completion of the transaction remains subject to customary
conditions precedent and is expected by the end of 2022.
Laurent Guillot, Chief Executive
Officer of ORPEA, said: “This transaction is fully in
line with the announced assets disposal strategy and is part of the
Group's reorganization plan. It demonstrates the quality of our
property assets and our ability to operate them profitably with
group company DL as lessee. This transaction, carried out in
perfect harmony with the expectations of leading responsible
investors, particularly in terms of CSR, allows us to swiftly
initiate our action plan under attractive conditions. We are
especially pleased about a continued cooperation with ADHCPF, a
trusted partner recognized for the quality of its assets.”
It is specified that this transaction will contribute to
compliance with the commitments made in the Credit Agreement signed
by the Group on 13 June 2022, which provides in particular for a
real estate asset disposal programme of one billion euros by the
end of 2023, increased to two billion euros by the end of 2025.
About Syntrus Achmea Real Estate & Finance Syntrus
Achmea Real Estate & Finance manages more than €39Bn in real
estate and mortgages on behalf of seventy pension funds and other
institutional investors, embedding sustainable investments with
financial and social returns. Syntrus is a 100%-subsidiary of
Achmea and part of the Achmea Group.
About ORPEA ORPEA is a leading global player, expert in
the care of all types of frailty. The Group operates in 22
countries and covers three core businesses: care for the elderly
(nursing homes, assisted living, home care), post-acute and
rehabilitation care and mental health care (specialized clinics).
It has more than 71,000 employees and welcomes more than 255,000
patients and residents each year.
https://www.orpea-group.com/
ORPEA is listed on Euronext Paris (ISIN: FR0000184798) and is a
member of the SBF 120, STOXX 600 Europe, MSCI Small Cap Europe and
CAC Mid 60 indices.
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Investor Relations ORPEA Benoit Lesieur Investor
Relations Director b.lesieur@orpea.net
Investor Relations NewCap Dusan Oresansky Tel.:
+33 (0)1 44 71 94 94 ORPEA@newcap.eu
Media Relations Image 7 Charlotte Le Barbier Tel.:
+33 (0)6 78 37 27 60 clebarbier@image7.fr
Laurence Heilbronn Tel.: +33 (0)6 89 87 61 37 lheilbronn@image7.fr
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