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Sale of the Villa Saint-Dominique EHPAD in Rouen (France)
On 04.07.2014, Cofinimmo, via its French subsidiary SCI Privatel
Investissement, sold the Villa Saint-Dominique EHPAD in Rouen (FR)
for a gross amount of €3.8 million, in line with the asset’s invest-
ment value as determined by the independent real estate expert at
31.12.2013. The asset had been vacated by Korian at the end of its
lease on 30.06.2013.
Sale of five healthcare assets in France
On 23.09.2014, Cofinimmo sold five healthcare assets in France to
Health Property Fund, an unlisted investment fund administered by
BNP Paribas REIM France.
The assets sold were EHPADs leased to the French operating group
Korian/Medica:
Name of the facility
Location
Surface area
(in m²)
Les Blés d’Or
Castelnau-de-Levis
3,695
Le Bois Clément
La Ferté-Gaucher
3,820
Chamtou
Chambray-lès-Tours
3,999
La Goélette
Equeurdreville
4,709
Lo Solelh
Béziers
2,760
The total net sale price amounted to €41.4 million. This price lies
above the acquisition price of the properties (acquired in 2008 and
2009), and is in line with the assets’ investment value as deter-
mined by the independent real estate expert at 31.12.2013.
Construction and renovation
projects
Thanks to its experienced multidisciplinary team dedicated to
healthcare real estate, namely in terms of Project Management,
Cofinimmo offers operators a comprehensive solution comprising
access to financial, property, architectural and environmental
expertise.
In Belgium and in France, the Group delivered and oversaw several
major projects. As a result, €25.1 million were invested in construc-
tion, extension and renovation works in the healthcare real estate
sector.
1
K level.
Cofinimmo accompanies operators either by taking over
existing facilities or by constructing new buildings or
extending or renovating existing buildings.
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Orchidée, Ittre (BE)
Orchidée, Ittre (BE)